Bringing you live news and features since 2006 

European equity ETF turnover down 3.5 per cent


European exchange-based equity ETF turnover declined by 3.5 per cent to EUR1.0bn in the week to 6 July, according to Deutsche Bank.

European exchange-based equity ETF turnover declined by 3.5 per cent to EUR1.0bn in the week to 6 July, according to Deutsche Bank.

European fixed income ETF turnover rose by 7.4 per cent to EUR216.3m, 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 EUR41.3m. Among the equity ETFs, iShares Dax (DE) has the highest daily turnover of EUR51.3m.

There were 33 new listings and five cross-listings in the week to 6 July. Casam listed 16 new ETFs and cross-listed one fund on Euronext Paris comprising nine fixed income, three regional and five style ETFs. Credit Suisse listed 16 new ETFs on Swiss Exchange comprising nine fixed income based ETFs and seven equity based ETFs. NBGAM listed one new ETF on the Athens Exchange and ETF Securities cross-listed four ETFs on Euronext Amsterdam.

European-style ETFs, led by short and leveraged products, kept its position as the leading product area with total turnover of EUR312m accounting for 29.8 per cent of total ETF turnover, followed by European regional ETFs with total turnover of EUR308m with 29.4 per cent of total turnover.

The Dax ETFs remain the dominant country products with total average daily volume of EUR102m across the five listed products and accounting for 9.7 per cent of all equity ETF volume.

Euro Stoxx 50 ETFs accounted for 16.0 per cent of turnover trading EUR167m 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 33.5 per cent of total turnover. The Euronext NextTrack platform has 23.8 per cent market share. The LSE’s combined Italian Exchange and London market share is now 24.7 per cent.

Total European equity-related assets under management declined by 2.5 per cent to EUR78.6bn.

AUM for DJ Euro Stoxx 50 ETFs was EUR15.1n accounting for 19.2 per cent of total European AUM. Fixed income ETF AUM remained at about the same level at EUR32.5bn.

Overall, the largest ETF by AUM was the money market based db x-trackers II Eonia TR Index ETF with AUM of EUR4.6bn. The largest equity-based ETF by AUM was Lyxor ETF DJ Euro Stoxx 50 with AUM of EUR4.4bn.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by