European Utilities ETF Market Gains Momentum with 1.24% Performance on June 16, 2023

The Europe Utilities ETF market saw a positive uptick in performance on June 16, 2023, with a 1.24% daily return.

On June 16, 2023, the Europe Utilities ETF market saw a robust performance of 1.24%, comprising six ETFs with a total value of 537 Mn EUR. The market movement was led by Xtrackers MSCI Europe Utilities ESG Screened UCITS ETF (DXSI) with a daily return of 1.31%, followed by iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9) and SPDR MSCI Europe Utilities UCITS ETF (STU) with daily returns of 1.25% and 1.21%, respectively.

The top-performing companies in the ETF market were E.ON ORD (EOAN), Veolia Environnment Ve Ord (VIE), SSE ORD (SSE), and ENGIE ORD (ENGI) with daily returns ranging from 0.93% to 2.29% and weekly returns ranging between 0.90% to 1.84%. With these recent gains, investors may look to capitalize on the rising momentum of the Europe Utilities ETF market.

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