ETFs seeking to replicate the evolution of Value Stocks indices experienced a positive market session yesterday with a positive daily performance standing at +1,14%. This brought the cumulated performance over the last 30 days to +3,42%. Year-to-date, ETFs included in the segment progressed on average by +1,45%. Value stocks tend to trade at a lower price compared to their intrinsic book value, or fundamental value. Investors usually see long term potential in the segment but given the strong 2019’s performance, they are considerably reducing their exposure with $-150M of cumulated flows since the beginning of the year. 11 funds track 9 indices for a total of $32,43Bn of assets under management.