TrackInsight: Strong outflows from US Industrial Stocks

ETFs included in the US Industrial Stocks segment experienced heavy losses both in terms of flows and of returns on Monday amid a broad market downturn in the US. Outflows were as high as $ 447.4 million, and daily performance closed at -1.72%, as investors keep on decreasing their risk appetite and moving funds away from still expensive US stocks. On a monthly basis, the segment provides -2.13% in returns, and had $ -1.1 billion in cumulated outflows. The US Industrial Stocks segment is composed of 10 ETFs and 9 indices, with $ 5.2 billion under management.