On June 13th, 2023, the Europe Materials ETF market recorded a 2.24% performance, reflecting the overall market movement of 10 ETFs worth around 1 billion EUR. The market performance was driven by ETFs such as SPDR MSCI Europe Materials UCITS ETF (STP) with a 1.58% daily return, Xtrackers MSCI Europe Materials ESG Screened UCITS ETF (DXSC) with a 0.82% daily return, iShares STOXX Europe 600 Basic Resources UCITS ETF (DE) (EXV6) with a 2.67% daily return and iShares STOXX Europe 600 Chemicals UCITS ETF (DE) (EXV7) with a 0.80% daily return.
The strong daily returns of the above-mentioned ETFs were largely influenced by the positive performance of four major companies, namely NORSK HYDRO ORD (NHY) with a 3.95% daily return and 6.15% over one week, ANTOFAGASTA ORD (ANTO) with a 3.54% daily return and 4.25% over one week, ANGLO AMERICAN ORD (AAL) with a 2.75% daily return and 1.16% over one week, and RIO TINTO ORD (RIO) with a 2.66% daily return and 1.98% over one week. The strong market performance is indicative of the robustness of the Europe Materials ETF market and the positive investor sentiment towards the materials sector.
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