ETFs exposed to the Oil segment lost ground as oil resumes its slide. The segment was down 2.84% on Friday with some downward pressure coming from President Trump during last week.
Despite this correction, the segment is still up 39.73% year-to-date. In terms of flows, the segment has suffered from investors pouring out more than €500M since the beginning of the year with €239M of outflows over the last month.
9 funds tracking 8 indices are included in the segment for a total of €2.3Bn of assets under management.