
US ETPs see USD142m of outflows
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Total exchange-traded products outflows in the US added up to USD142m during the week ending 27 August, research from Deutsche Bank shows.
Fixed income and commodity ETPs had inflows of USD1.6bn and USD256m, respectively.
Equity and currency ETPs, on the other hand, experienced outflows of USD2.0bn and USD14m, respectively.
Within equity ETPs, small cap ETPs received the largest inflows (USD1.0bn) followed by leveraged ETPs, while large cap ETPs saw the largest outflows (USD1.2bn).
The fixed income ETPs inflows were led by sovereign ETPs (USD573m), while no significant outflows were recorded on a sub segment level.
Commodity ETPs experienced a quiet week in terms of flows, with crude oil (USD151m) and natural gas leading the shy inflows.
There were two products launched during the week. Alerian, the MLP index provider, launched the first ETF tracking master limited partnerships through Alps Fund Services. Although there are another five exchange-traded notes tracking MLPs in the US, this new ETF removes the inherent credit risk associated with ETNs and provides a tax structure which may allow investors to benefit from their MLP holdings in a more efficient way.
Van Eck Funds launched an equity ETF tracking the Indian small-cap sector. Both ETFs are listed in NYSE Arca.
Average daily turnover remained at about the same level and totaled USD60bn at the end of the week.
Assets under management, along with an almost flat market, remained at about the same level totaling USD813bn. Among all asset classes, fixed income has accumulated the largest increase in AUM with USD72bn YTD, almost twice as much AUM as they held at the end of last year.











