Europe Small Cap ETF Market Dips by 1.05% Driven by a Few Key Players

On June 15, 2023, the Europe Small Cap ETF market witnessed a decline of -1.05%.

On June 15, 2023, the Europe Small Cap ETF market saw a -1.05% performance dip, affecting its 12 ETFs which total a market value of 3 Bn EUR. The overall market movement was reflected by some of the daily return rates of its tracked ETFs—SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX), iShares MSCI EMU Small Cap UCITS ETF (CSEMUS), WisdomTree Europe SmallCap Dividend UCITS ETF (DFE), and UBS ETF – MSCI EMU Small Cap UCITS ETF (UB69)—which shed anywhere from -0.64% to -0.85%.

The stumbling market was driven by several companies that saw daily losses, such as ALTEN ORD (ATE) with -3.16% return rate, CTS EVENTIM AG & CO KGAA (EVD) at -1.66%, SPIE PROMESSES ORD SHS (SPIE) at -1.48%, and INTERPUMP ORD (IP) at -1.47%. EVD specifically saw a drastic -16.23% drop over the course of a week. Industry experts are keeping a close watch on the developments in the Europe Small Cap ETF market, as the daily returns of the ETFs and their affiliated companies indicate a shifting investor sentiment towards smaller-sized businesses.

See how over 500 professional investors use ETFs in the 2023 Trackinsight Global ETF Survey. Get access today.