On July 6, 2023, the Europe Consumer Discretionary ETF market encountered a challenging day, with a performance decline of -3.21%. This market, valued at 1 Bn EUR and consisting of 19 ETFs, faced downward pressure as investors grappled with market uncertainties. Notably, several key ETFs reflected the overall market movement, with the iShares STOXX Europe 600 Personal & Household Goods UCITS ETF (DE) (EXH7) recording a daily return of -2.88%, followed by the SPDR MSCI Europe Consumer Discretionary UCITS ETF (STR) with a -3.42% daily return and the Xtrackers MSCI Europe Consumer Discretionary ESG Screened UCITS ETF (XZEC) with a -3.54% daily return. Additionally, the iShares STOXX Europe 600 Retail UCITS ETF (DE) (EXH8) experienced a -3.55% daily return, further contributing to the overall market decline.
This downward trend was driven by notable companies within the Europe Consumer Discretionary sector. Flutter Entertainment ORD (FLTR) suffered a daily return decline of -6.02% and a -5.84% decline over the course of one week. Similarly, Prosus NV ORD (PRX) experienced a -4.93% daily return and a -4.66% decline over one week, while Hermes Intl ORD (RMS) saw a daily return decline of -4.79% and a -6.22% decline over one week. Additionally, LVMH Moet Hennessy Louis Vuitton (MC) faced a -3.72% daily return and a -4.56% decline over one week. These influential companies contributed to the negative performance of the Europe Consumer Discretionary ETF market, as investor sentiment towards the sector trended downwards amid prevailing market conditions.
See how over 500 professional investors use ETFs in the 2023 Trackinsight Global ETF Survey. Get access today.
