In the absence of an agreement between OPEC and Russia on the oil production cutbacks needed to accommodate the decrease in demand caused by the coronavirus crisis, the oil price suffered a historical drop. Yesterday’s market opening (Monday, March 9th) saw oil prices plummet by more than 30%, dragging the entire energy sector down as illustrated by the loss incurred by the Energy Large Cap Stocks segment on TrackInsight which fell 19,6% over the day. Year-to-date, this segment has retraced over 40%. Interestingly, investors took advantage of this crash to inject new assets in this segment ($ +295M), in expectation of a short-term bounce back. This segment gathers 13 ETFs for a total of $ 6,8 Bn of assets under management.