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US ETP assets break the USD1.3trn mark

Tue, 11/12/2012 - 12:01

US exchange-traded product assets crossed the USD1.3trn milestone during last week, setting a new historical high, according to figures released by Deutsche Bank.

As of last Friday, US ETPs have accumulated an asset growth of 24.5 per cent YTD.

Assets for equity, fixed income and commodity ETPs moved +USD4.0bn, +USD1.0bn, -USD1.7bn during last week, respectively.

The total US ETP flows from all products registered USD1.08bn (0.1 per cent of AUM) of inflows during last week vs. USD18.04bn (1.4 per cent) of inflows the previous week, setting the YTD weekly flows average at +USD3.2bn (+USD155.27bn, +14.8 per cent YTD in total cash flows).

Equity, fixed income and commodity ETPs experienced flows of -USD0.39bn (0.0 per cent), +USD1.14bn (0.4 per cent), +USD0.4bn (0.3 per cent) last week vs +USD16.29bn (1.8 per cent), +USD1.22bn (0.5 per cent), +USD0.5bn (0.4 per cent) in the previous week, respectively.

Among US sectors, consumer staples (+USD0.34bn, +3.8 per cent) and healthcare (+USD0.27bn, +2.0 per cent) received the top inflows, while materials (-USD0.52bn, -5.9 per cent) and utilities (-USD0.15bn, -1.9 per cent) experienced the largest outflows.

Within equity ETPs, large cap products had the largest inflows (+USD1.6bn, +0.7 per cent). Within fixed income ETPs, corporate products had the largest inflows (+USD0.9bn, +0.8 per cent); meanwhile sovereign (-USD0.7bn, -1.1 per cent) ETPs experienced the largest outflows.

Total weekly turnover decreased by 5.5 per cent to USD252bn vs. USD267bn from the previous week. Last week's turnover level was 33 per cent below last year's weekly average. Equity and commodity ETPs turnover decreased by USD14.3bn (-6.0 per cent) and USD0.3bn (-2.3 per cent), respectively, while fixed income ETPs turnover remained mostly flat.

There was one new ETF listed during the previous week. The new product offers exposure to broad US equity market with an implied volatility hedge by dynamically allocating between equity, volatility and cash.


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