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TrackInsight: Energy stocks bounce back

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07/22/2020 | 10:15am EDT

Energy companies gained on the rise of oil prices which hit their highest level since March.

The TrackInsight segment dedicated to Energy large and mid-cap stocks ETFs surged +5,32% yesterday and benefited from $ 144 M of inflows invested through the primary market. This is the largest daily inflow since mid-April. Energy companies gained on the rise of oil prices which hit their highest level since March on Tuesday as investors’ optimism for a solid economic recovery grows. Despite this jump, the cumulated performance of this segment in 2020 remains largely negative, at -35,40%. However, investors keep an eye on oil prices as the energy sector might be an interesting bet for the future in case of market recovery.

Download the TrackInsight 2020 Global ETF Survey.

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.53% 44.93 Delayed Quote.-31.76%
WTI -0.52% 42.2 Delayed Quote.-30.82%

© www.trackinsight.com 2020
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