US ETP assets continue to trend higher
Positive markets drove US exchange-traded product assets up by 0.5 per cent last week, ending the week at USD1.22trn, according to Deutsche Bank.
As of last Friday, US ETPs have accumulated an asset growth of 16.2 per cent YTD.
Assets for equity, fixed income and commodity ETPs moved +USD0.7bn, -USD0.4bn, and +USD0.9bn during last week, respectively.
The total US ETP flows from all products registered USD0.6bn of inflows during last week vs. a similar amount of inflows the previous week, setting the YTD weekly flows average at +USD2.7bn (+USD88.5bn YTD in total cash flows).
Equity, fixed income, and commodity ETPs experienced flows of -USD0.5bn, +USD0.3bn, and +USD0.8bn last week versus -USD0.2bn, +USD0.5bn, and +USD0.3bn the previous week, respectively.
Within equity ETPs, small cap products experienced the largest inflows (+USD0.3bn), while large cap products had the largest outflows (-USD1.7bn). Within fixed income ETPs, corporate products had the largest inflows (+USD0.5bn), while sovereign ETPs experienced the only outflows (-USD0.4bn). Within commodity ETPs, precious metals products experienced the largest inflows (+USD0.8bn), while the other sectors experienced less relevant flows.
Total weekly turnover decreased by two per cent to USD188bn versus USD192bn in the previous week. Last week’s turnover level was 50 per cent below last year’s weekly average. Equity ETPs experienced a decrease of USD5.4bn or 3.2 per cent to USD162bn. In the meantime, fixed income and commodity ETPs turnover rose by 3.4 per cent (+USD0.5bn) and 12.6 per cent (+USD1.0bn), respectively.
There were four new ETFs listed during last week. Two were listed in the Nasdaq Exchange while the other two were listed on the NYSE Arca. The new products offer access to emerging market themes and income generating strategies.
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