ETFs providing exposure to US utilities stocks experienced a rebound in performance throughout yesterday’s market session (+2,31%). This gain helped cover a part of the loss incurred over June (the segment had retraced by more than 12% between the 8th and 26th June) and the 30-day cumulative performance now stands at -2,64%. Despite a slight redemption of -$73,08M yesterday, investors have overall increased their exposure to US utilities stocks over the past month with the segment registering +$353,35M inflows. Companies in this sector provide essential services such as electricity, natural gas and water so the economic demand is fairly stable. These stocks thus tend to fare better than the broad market in periods of heightened uncertainty and investors frequently use them as a defensive play. 14 funds tracking 12 indices are included in the segment for a total of $17,34Bn of assets under management.
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