TrackInsight: Strong inflows into US Utilities stocks

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02/14/2020 | 04:16 pm
ETFs seeking to replicate the performance of US utilities stocks indices experienced a good market session yesterday.

ETFs seeking to replicate the performance of US utilities stocks indices experienced a good market session yesterday with an average positive daily performance of +0,97% as well as +$579,71M of new shares created via the primary market. Utility sector is composed of companies providing basic services including water, electricity and natural gas provisioning. Given the usual stable and consistent dividends it offers to investors the sector is known as a safe haven in times of incertitude. With virus fears spreading and intensifying, US utilities stocks is a popular destination for anxious investors wishing to remain invested in equities. Year-to-date, ETFs included in the segment progressed on average by +7,83% with +$527,61M of cumulated flows over the same period. 12 funds tracking 10 indices are related for a total of $21,15Bn of assets under management.

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