Hong Kong stocks related ETFs dropped by 2,80% on average on Monday, November 11. This was the worst single-day percentage decline since the beginning of August as the level of violence escalates in the city. This new episode of protests involved violent confrontations between protesters and government officers, public transports and roadways disruption. The protests have plunged Hong Kong into its first recession in a decade. In 2019, the 11 ETFs exposed to Hong Kong stocks indices gained 7,90% on average but registered $ 857 M of outflows in the meantime. This segment represents 2 Bn of assets under management.