Ten new listings for US ETP market

Ten new listings for US ETP market

There were ten new listings of exchange-traded products on NYSE Arca in the week ending 12 March, a report by Deutsche Bank says.

Claymore launched two ETFs on the US broad market and one on the US real estate sector, while Direxion Shares listed three pairs of 2X/3X leveraged bear/bull funds on India, the BRIC region and the US semiconductor sector.

The remaining ETP, which aims to track the S&P Russia Index, was issued by State Street.

During the week USD2.93bn flowed into ETPs. Equity and fixed income ETPs had inflows of USD1.37bn and USD1.58bn respectively, while currency and commodity ETPs had outflows of USD109m and USD44m respectively.

In the equity asset class, large cap ETPs had the highest inflows of USD636m followed by mid cap ETPs, while small cap ETPs experienced the largest outflows of USD1.8bn, followed by leveraged ETPs.

In the fixed income ETPs area, sovereign ETPs had the most significant inflows, while structure products funds had the largest outflows.

Within commodity ETPs, those tracking oil products saw the largest outflows. Meanwhile, broad commodity benchmark ETPs experienced the largest inflows.

ETP turnover decreased by 14.6 per cent during the week and totalled USD58bn.

Equity ETP turnover experienced the largest decrease. Turnover decreased significantly for large cap and strategy (short, leveraged and leveraged short) ETPs.

Fixed income ETPs turnover decreased for most of its products in the past week. Commodity ETP turnover decrease was mainly driven by gold, oil and silver.

Assets under management rose by 1.2 per cent totalling USD801bn at the end of the week. Equity ETPs had the lion’s share with USD599bn and 75 per cent of market share, followed by fixed income funds with USD121bn and 15 per cent of market share.




HedgeweekWealth AdviserETF ExpressInstitutional Asset ManagerPrivate Equity WireProperty Funds WorldFunds