ETFs seeking to replicate large cap energy stock indices experienced a tough market session yesterday with ETFs declining -3.41% and investors redemptions reaching -$63.47M. Energy ETFs had already suffered from Saudi Arabia exerting its pricing power and cutting oil prices on Tuesday. Year-to-date, ETFs included in the segment are down -40.47% while investors have been buying the dip with $3,65Bn of net flows over the same period. 13 funds tracking 11 indices are included in the segment for a total of $10.08Bn of assets under management.
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