Investors in the World Energy ETF market experienced a downturn in performance, with a negative return of -1.13% on June 22, 2023. The market, which holds a value of 2 Bn EUR and is made up of 11 ETFs, was affected by the daily returns of several ETFs, including iShares Oil & Gas Exploration & Production UCITS ETF (SPOG), Xtrackers MSCI World Energy UCITS ETF (XDW0), Amundi S&P Global Energy Carbon Reduced UCITS ETF (WELN), and iShares MSCI World Energy Sector UCITS ETF (WENS), which all experienced negative daily returns ranging from -1.31% to -1.66%.
The performance of the ETFs was driven by the daily returns of several companies, including TOTALENERGIES SE ORD (TTE), EOG RESOURCES ORD (EOG), CONOCOPHILLIPS ORD (COP), and PIONEER NATIONAL RESOURCE ORD (PXD), all of which experienced negative daily returns ranging from -1.52% to -2.49%. These companies also experienced negative returns over the week, suggesting a continuing trend of decline in the energy sector.
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