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US ETF turnover up 12.7 per cent


US exchange-traded fund turnover rose by 12.7 per cent to USD74.3bn in the week to 8 February, according to Deutsche Bank.

Turnover in the S&P 500 SPDR was USD25.6bn. The PowerShares QQQ Nasdaq 100 had turnover of USD6.1bn followed by iShares Russell 2000 with turnover of USD4.1bn.

Average daily turnover in the large cap, US sector, leveraged and global regional products was USD33.8bn (15.3 per cent), USD11.7bn (8.5 per cent), USD8.3bn (14.2 per cent) and USD5.4bn (10.7 per cent) respectively.

Among the emerging country ETFs, iShares MSCI Brazil ETF turnover was USD1,469m followed by iShares FTSE/Xinhua China ETF with turnover of USD1,320m.

In non-US developed market flows, iShares MSCI Japan had turnover of USD327m.

In non-domestic regional flows, emerging market turnover was USD3.9bn and developed markets regional flows EAFE had turnover of USD1.2bn.

There was one new ETF launched during the week. Pimco launched a bond ETF on NYSE Arca – the Pimco Short Term Municipal Bond Stategy Fund. 

Total assets under management for equity based ETFs declined by 4.1 per cent to USD546.4bn.

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