June 30, 2023 - The Europe Information Technology exchange-traded fund (ETF) market witnessed a notable performance yesterday, as it recorded a gain of 1.32%. With a market size of 2 billion EUR spread across 11 ETFs, the European IT sector exhibited positive movement, reflecting the performance of select ETFs within the market.
Several key ETFs that track the European IT sector demonstrated positive daily returns, further contributing to the overall market movement. The SPDR MSCI Europe Technology UCITS ETF (STK) gained 0.91%, while the iShares STOXX Europe 600 Technology UCITS ETF (DE) (EXV3) recorded a daily return of 0.94%. The Xtrackers MSCI Europe Information Technology ESG Screened UCITS ETF (DXSH) surged by 1.12%, and the iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT) experienced a daily return of 0.95%.
These gains were largely attributed to the performance of certain prominent companies within the European IT sector. SARTORIUS PRF (SRT3) delivered an impressive daily return of 4.41%, along with a 2.52% gain over the past week. INFINEON TECHNOLOGIES ORD (IFX) demonstrated a daily return of 3.44% and a week-over-week increase of 5.46%. SIEMENS HEALTHINEERS AG ORD (SHL) posted a daily return of 2.53% and a modest 1.21% gain over the week. DASSAULT SYSTEMES ORD (DSY) saw a daily return of 2.25%, with a 2.38% increase over the past week, contributing significantly to the positive movement of the European IT sector.
Overall, the Europe Information Technology ETF market showcased a solid performance with a gain of 1.32% on June 30, 2023.
See how over 500 professional investors use ETFs in the 2023 Trackinsight Global ETF Survey. Get access today.
