ETFs exposed to the US Industrial Stocks sector suffered important losses on Tuesday, Nov, 4th following the latest intervention of Donald Trump on Twitter, positioning himself as a “Tariff Man”, and the increasing scepticism about the 90-days trade-war “truce” with China. On average, the US Industrial Stocks segment lost -4.34% over the day while flows remained stable. This new dark day pushes the year-to-date performance of the segment to -6.74% and the cumulated outflows stand at $ -937 M. The US Industrial stocks segment gathers 10 ETFs, tracking 9 indices for a total of $ 4.8 Bn of assets under management.