ETFs seeking to replicate the evolution of US 20Y+ bonds indices experienced another negative daily performance yesterday with -1,78% on average, as well as $252,28M of outflows. This is the third consecutive market session with outflows bringing the month-to-date cumulated flows negatives for the first time at $-28,09M after reaching more than $813M last Monday. Investors are considerably reducing their exposure to US 20Y+ Bonds and seem to be locking in profits. Since the beginning of the year, ETFs included in the segment progressed on average by +11,82%. Over the same period, it’s more than $7,62Bn of new shares that have been created, showing the interest of investors for longer maturity bonds. 11 ETFs replicating the performances of 3 indices are part of this segment for a total of $21,2Bn of assets under management.