TrackInsight: Strong outflows from US Utilities Stocks
|11/08/2019 | 10:00am|
The US Utilities stocks segment registered a new important daily outflow on Thursday, November 7th.
The US Utilities stocks segment registered a new important daily outflow on Thursday, November 7th with more than $ 250 M withdrew from their ETFs through the primary market. However, the cumulated flows bounced back the day before with an outstanding daily inflow of $ 695M which brought back the one-month cumulated flows series close to zero. In terms of returns, the 12 ETFs included in this segment lost on average 4,20% over the last 30-days, which penalized the overall performance of 2019, fallen below +20%. This segment represents $ 18,9 Bn of assets under management.