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US ETPs see USD5.8m inflows

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US exchange-traded products saw inflows of USD5.8m in the week ending 19 February, according to research by Deutsche Bank.

Equity, fixed income and currency ETPs had inflows of USD5.09bn, USD779m and USD146m, respectively, while commodity ETPs had outflows of USD212m.

In the equity asset class, large cap ETPs had the largest inflows of USD5.1bn followed by emerging market ETPs, while US sector ETPs experienced the largest outflows of USD671m, followed by leveraged ETPs.

Corporates and sovereign contributed the most to the positive cash flows into fixed income ETPs.

Within commodity ETPs, those tracking oil saw the largest outflows followed by those tracking natural gas. Meanwhile, platinum and gold ETPs experienced the largest inflows.

ETP turnover remained at about the same level during the week and totalled USD81bn.

Turnover decreased slightly on most of equity ETPs and increased significantly in leveraged short strategy ETPs.

For fixed income ETPs, turnover in the corporates space increased the most, while others remained almost flat.

Commodity ETP turnover increase was mainly driven by gold and oil.

US ETPs assets under management rose by 2.9 per cent totalling USD766bn. Equity ETPs had the lion’s share with USD570bn and 74 per cent of market share, followed by fixed income funds with USD116bn and 15 per cent of market share.

There were three new listings during the week. Van Eck Funds listed one product tracking Egypt and Emerging Global Shares issued a new China ETF focusing on infrastructure. PowerShares launched an ETF tracking closed-end funds. All the new ETPs are listed in NYSE Arca.

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