ETFs seeking to replicate Energy indices experienced a tough market session yesterday losing (-3,02%) with investors redeemed -$20,52M on the same day. The resurgence of a second wave and geopolitical tensions will not favor oil and the energy sector. OPEC also warned that the market would remain in ‘surplus’ even if the demand increases, which seems unlikely. The 30-day cumulative performance is still positive at 13,04% and cumulative flows over the same period are standing to a notable +$845,50M. Year-to-date, ETFs are still down -21,77% although investors increased their exposure to the segment with +$2,7Bn of cumulative flows over the same period. 14 funds tracking 12 indices are included in the segment for a total of $7,01Bn of assets under management.