On July 6, 2023, the Europe Energy ETF market experienced a downtrend, recording a -2.68% performance. This market, valued at 2 billion EUR, is made up of 8 different exchange-traded funds (ETFs). The daily returns of some prominent ETFs within this market provide insight into the overall market movement. The iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) (EXH1), SPDR MSCI Europe Energy UCITS ETF (STN), iShares MSCI Europe Energy Sector UCITS ETF (ESIE), and Amundi STOXX Europe 600 Energy ESG Screened UCITS ETF (XPAR:OIL) all reported negative daily returns, with figures ranging from -2.15% to -2.89%.
The performance of these ETFs was predominantly driven by the performance of select energy companies. Among them, TOTALENERGIES SE ORD (TTE) experienced a significant -4.02% daily return, with a 2.60% decline over the course of one week. AKER BP ASA ORD (AKRBP) followed closely with a daily return of -3.53%. OMV ORD (OMV) and SHELL PLC ORD (SHEL) also contributed to the downward movement of the Europe Energy ETF market, recording daily returns of -2.84% and -2.77% respectively. Over one week, SHELL PLC ORD (SHEL) has seen a decline of -2.62%.
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