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European equity ETF AUM up 3.5 per cent


European equity related exchange-traded fund assets under management rose by 3.5 per cent to EUR101.7bn during the week ending 9 November, according to a report by Deutsche Bank.

AUM for DJ Euro Stoxx 50 ETFs was EUR19.6bn, accounting for 19.2 per cent of total European AUM.

Fixed income ETF AUM declined by 1.3 per cent to EUR33.5bn.

Overall, the largest ETF by AUM was the equity based Lyxor ETF DJ Euro Stoxx 50 with AUM of EUR5.0bn. The largest fixed income ETF by AUM was the iShares EUR Corporate Bond with AUM of EUR3.2bn.

Exchange based equity ETF turnover remained at about the same level at EUR1.5bn. European fixed income ETF turnover remained at about the same level at EUR184m, 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 EUR18.96m. Among the equity ETFs, iShares Dax (DE) has the highest daily turnover of EUR78.82m.

There were 65 listings in the week. Comstage cross-listed 51 ETFs on the Swiss Stock Exchange, db x-trackers listed two new ETFs and cross listed six ETFs on the Swiss Stock Exchange, Xact Fonder listed two new ETFs on Stockholmborsen and Lyxor listed four new ETFs on the London Stock Exchange.

European style ETFs, led by short and leveraged products, kept its position as the leading product area with total turnover of EUR450m accounting for 30.60 per cent of total ETF turnover, followed by European eegional ETFs with total turnover of EUR394m with 26.77 per cent of total turnover. The Dax ETFs remain the dominant country products with total average daily volume of EUR211m across the nine listed products and accounting for 14.3 per cent of all equity ETF volume.

DJ Euro Stoxx 50 ETFs accounted for 14.4 per cent of turnover trading EUR212m per day with liquidity split across 26 ETFs and 46 different listings on nine exchanges.

The Deutsche Borse XTF platform has the largest market share with 38.1 per cent of total turnover. The Euronext NextTrack platform has 21.8 per cent market share. The LSE’s combined Italian Exchange and London market share is now 25.4 per cent.

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