Despite inflows from the primary market $+216,33M, ETFs seeking to replicate the evolution of utilities stocks indices experienced a notable negative daily performance of -1,40%, bringing to -2,20% the month-to-date performance. The utility sector is composed of companies providing basic services including water, electricity and natural gas provisioning. Since the beginning of the year, $+2,99Bn have been injected into utilities stocks via the primary market. Those are considered as stable investments that provide reliable dividends to shareholders. With the Fed most likely to cut again its rate this month (90% probability for a cut rate), investors are flocking to utilities. This is a defensive choice from investors in a context of macroeconomic downturn. Year-to-date, the 12 funds included in the segment progressed on average by +21,82%. The 12 ETFs are tracking 10 indices for a total of $19,08Bn of assets under management.