ETFs seeking to replicate Indian stocks indices experienced exceptional outflows of $-1,68bn despite a boost of +2,47% in performance. This is the largest daily outflow registered this year for the segment. Outflows were concentrated on an ETF tracking the NIFTY CPSE Index, which had been constructed to “facilitate Government of India’s initiative to disinvest some of its stake in Central Public Sector Enterprises (CPSEs) through ETF route” as stated on the index factsheet. This ETF lost nearly two-thirds of its AUMs yesterday. Interestingly, it had registered a similarly sized inflow in December 2018, leaving the impression that these massive moves are led by a handful of institutional investors. Year-to-date, Indian equity ETFs are still down -26,29%. 41 funds tracking 16 indices are included in the segment for a total of $7,2Bn of assets under management.