ETFs tracking Indian stocks indices experienced exceptional outflows of $-1,15Bn during yesterday’s market session despite a boost of +2,37% in performance. This is the largest daily outflow registered in over three years for the segment. Outflows were concentrated on an ETF tracking the NIFTY CPSE Index. Interestingly, these massive moves seem to be led by a handful of institutional investors. Year-to-date, Indian equity ETFs are still down -21,74% with cumulative flows standing at $-1,02Bn over the same period. 41 funds tracking 16 indices are included in the segment for a total of $8,3Bn of assets under management.