Equity exchange traded fund turnover on European stock exchanges rose 3.4 per cent during the week ending 6 February, with daily turnover amounting to EUR962m, according to Deutsche Ban
Equity exchange traded fund turnover on European stock exchanges rose 3.4 per cent during the week ending 6 February, with daily turnover amounting to EUR962m, according to Deutsche Bank.
The latest weekly report from Deutsche Bank researchers Aram Flores and Shan Lan shows that European fixed income ETF turnover rose 2.5 per cent on the same period.
Daily turnover for the previous week was EUR205m, with money market ETFs continuing to be the main focus.
Among bond ETFs, db x-trackers II Eonia TR Index ETF had the highest daily turnover with EUR48.94m. Among equity ETFs, iShares FTSE 100 had the highest daily turnover of EUR53.01m.
European style ETFs, led by short and leveraged products, kept its position as the leading product area with total turnover of EUR328m accounting for 34 per cent of total ETF turnover, followed by European regional ETFs with total turnover of EUR273m with 28.4 per cent of total turnover.
The Dax ETFs remain the dominant country products with total average daily volume of EUR91m across the five listed products, accounting for 9.5 per cent of all equity ETF volume.
Euro Stoxx 50 ETFs accounted for 17.4 per cent of turnover trading EUR167m per day with liquidity split across 12 ETFs and 35 different listings on nine exchanges.
The Deutsche Borse XTF platform has the largest market share with 29.5 per cent of total turnover. The Euronext NextTrack platform has 25.5 per cent market share. The London Stock Exchange’s combined market share through Milan and London is now 23.1 per cent.
Total European equity-related assets under management rose 6.3 per cent to EUR74.3bn during the week ending 6 February.
Assets under management for DJ Euro Stoxx 50 ETFs was EUR15.2bn, accounting for 20 per cent of total European assets under management.
Fixed-income ETF assets under management rose one per cent to EUR33.6bn, maintaining their upward trend.
Overall, the largest ETF by assets under management was the money-market based db x-trackers II Eonia TR Index ETF with assets of EUR6.4bn.
The largest equity-based ETF was the Lyxor ETF DJ Euro Stoxx 50 ETF with assets of EUR5.1bn.