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TrackInsight: Surge of inflows into Energy Large Cap Stocks

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09/18/2019 | 10:15am EDT

Following Monday's outflows, ETFs included in the TrackInsight segment of Energy Large Cap Stocks recorded strong inflows on the primary market on Tuesday, September 17th.

Following Monday’s outflows, ETFs included in the TrackInsight segment of Energy Large Cap Stocks recorded strong inflows on the primary market of $+438M on Tuesday, September 17th. Tuesday has also been a day of consolidation for these stocks as they lost -1,66% on average. This weekend attacks on Saudi oil facilities cut around 5% of the total supply of oil in the world, making the crude oil price jump. Some analysts think that this attack could lead to a destabilization in the Middle East, and therefore a continuation of growing oil prices. This is good news for the big energy companies which are profiting from high oil prices, since their costs remain basically the same. Investors seem to bet on a continuation of this bullish trend and therefore enter into Energy Large Cap Stocks. Year-to-date, the performance of the 13 ETFs of the segment stands at +10,74%, and the total assets under management at $11,54Bn.

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.97% 59.29 Delayed Quote.9.34%
WTI -0.48% 53.67 Delayed Quote.17.91%

© www.trackinsight.com 2019
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