The 12 ETFs related to the TrackInsight segment of Spanish Stocks experienced strong losses during Tuesday, July 30th with -2,34% on average. The IBEX35, the main Spanish index, saw all its components lose value on Tuesday, with some extreme figures such as Siemens Gamesa which dropped 17,65%, or The International Consolidated Airlines with -5,96%. Year-to-date, the segment is in positive territory with +5,17% but on a 1-year basis, it is still losing 9,57%. Investors also seem to be reticent to enter into Spanish Stocks, as the $513M of outflows on the primary market in 2019 are showing it. 12 ETFs replicating 8 indices are part of this segment, and they gather slightly more than $2Bn of assets under management.
TrackInsight: Poor performance from Spanish Stocks
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