Bringing you live news and features since 2006 

US ETF turnover rises by 9.1 per cent


US exchange-traded fund turnover rose by 9.1 per cent to USD66.7bn in the week ending 2 November, according to a report from Deutsche Bank.

Turnover in the S&P 500 SPDR was USD21.6bn. The PowerShares QQQ Nasdaq 100 had turnover of USD4.4bn followed by the iShares MSCI Emerging Markets with turnover of USD3.4bn.

There were six new ETFs launched during the week. Alps Fund Services and IndexIQ Advisors each launched two new ETFs while UBS Securities and Ook Advisors each launched one new ETF. All these ETFs are listed on NYSE Arca.

Average daily turnover in the large cap, US sector, leveraged and global regional products was USD27.9bn (6.3 per cent), USD10.1bn (8.6 per cent), USD9.3bn (10.9 per cent) and USD5.1bn (14.6 per cent) respectively.

Among the emerging country ETFs, iShares MSCI Brazil ETF turnover was USD1,601m followed by iShares FTSE/Xinhua China ETF with turnover of USD932m.

In non-US developed market flows, iShares MSCI Japan had turnover of USD253m.

In non-domestic regional flows, emerging market turnover was USD3.8bn and developed markets regional flows EAFE had turnover of USD1.1bn.

Total assets under management for equity based ETFs declined by 3.8 per cent to USD538.8bn.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
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