ETFs seeking to replicate the evolution of Energy Stocks related Indices tumbled down yesterday with a negative daily performance of -2,58% recorded by the Energy Stocks segment. This bad market session brings the month-to-date performance to -3,66%. The segment suffered from the steepest one-day plunge of oil in more than four years. Moreover, U.S President Trump escalated the trade war with China with a new tariff threat via twitter and the market has been reacting to it. Indeed, concerns about a global economic slowdown are arising alongside the potential impact it would have on energy demand. Before Trump’s tweet, oil was already weakening because of a stagnation of American manufacturing activities. Also, U.S Federal Reserve chairman Powell’s comments dashed plans for multiple interest-rate cuts to support growth and did not help the situation. Year-to-date, ETFs included in the segment progressed on average by 11,19%. Yet, over the same period, investors have constantly been reducing their exposure to the segment with negative cumulative flows standing at $ -4 Bn. 52 funds are included in the segment tracking 39 indices for a total of $31,5Bn of assets under management.