As a new Prime Minister for the United Kingdom has been inducted on Wednesday in the name of Boris Johnson, ETFs related to UK Government Bonds performed poorly, losing -0,66% on average on Thursday. Johnson is looking to renegotiate with the European Union in order to get a “soft Brexit”, but if no agreement is found by October 31st, he said that the UK will leave the EU “come what may”. As a result, investors in UK Government Bonds are worried, which pushes the prices down and therefore yields to maturity are going up. We can expect falling prices for these bonds if a “hard Brexit” is getting closer. However, the segment is still in positive territory for 2019 with an average cumulated performance of +2,82%. 13 ETFs tracking 8 indices are related to UK Government bonds, and they gather nearly $6,2Bn of assets under management.