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European equity ETF turnover up two per cent

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Exchange-based equity exchange-traded fund turnover rose by two per cent to EUR1.2bn in the week to 4 May, according to Deutsche Bank.

Exchange-based equity exchange-traded fund turnover rose by two per cent to EUR1.2bn in the week to 4 May, according to Deutsche Bank.

European fixed income ETF turnover declined by 3.5 per cent to EUR173m, with money market ETFs continuing to be the main focus.

In exchange based bond ETFs, db x-trackers II Eonia TR Index ETF has the highest daily turnover of EUR30.5m. Among the equity ETFs, iShares Dax has the highest daily turnover of EUR78.6m.

There was one new listing in the week to 4 May. ETFLab launched an additional tracker on the DJ Stoxx 50 Index, listed at Deutsche Borse.

European style ETFs, led by short and leveraged products, kept its position as the leading product area with total turnover of EUR395m accounting for 32.8 per cent of total ETF turnover, followed by European regional ETFs with total turnover of EUR336m with 27.8 per cent of total turnover.

The Dax ETFs remain the dominant country products with total average daily volume of EUR124m across the five listed products and accounting for 10.3 per cent of all equity ETF volume.

Euro Stoxx 50 ETFs accounted for 13.8 per cent of turnover trading EUR166m per day with liquidity split across 13 ETFs and 36 different listings on nine exchanges.

The Deutsche Borse XTF platform has the largest market share with 34 per cent of total turnover. The Euronext NextTrack platform has 19.3 per cent market share. The LSE’s combined Italian Exchange and London market share is now 26.1 per cent.

Total European equity related AUM rose by three per cent to EUR77.67bn. AUM for DJ Euro Stoxx 50 ETFs was EUR15.1bn accounting for 19.4 per cent of total European AUM. Fixed income ETF AUM rose to EUR33.5bn.

Overall, the largest ETF by AUM was the money market based db x-trackers II Eonia TR Index ETF with AUM of EUR5.7bn. The largest equity based ETF by AUM was the Lyxor ETF DJ Euro Stoxx 50 ETF with AUM of EUR4.7bn.

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