This year, investors have poured a combined $2.4 billion into three exchange-traded funds focused on banks — State Street Corp.’s Financial Select Sector SPDR fund, ticker XLF, BlackRock Inc.’s iShares U.S. Financials ETF, ticker IYF, and the Vanguard Financials ETF, ticker VFH — as a bet that the firms will benefit from Trump’s deregulation policies. The funds’ top holdings are global lenders like JPMorgan Chase & Co. and Wells Fargo & Co., according to Bloomberg data.
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