The Oil segment experienced negative daily performance on Monday (-3.24%) after Trump called on OPEC to moderate high prices.
The segment suffers from -€241M in cumulated flows since the beginning of the year despite a notable performance (+21.8%) over the same period. The president seems wary about cutting production to stabilize prices. Since the start of the year, OPEC cut its production significantly to the lowest level since 2015. The segment includes 9 funds tracking 8 indices for a total of €2.2Bn of assets under management.