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More than USD3bn flows into US ETPs


US exchange-traded products saw USD3.13bn of inflows during the week ending 16 April, according to a report by Deutsche Bank.

Equity and fixed income ETPs had inflows of USD2.5bn and USD0.42bn respectively.

Commodity and currency ETPs had outflows of USD15m and USD55m respectively.

In the equity asset class, US sector ETPs had the highest inflows of USD0.76bn followed by emerging country ETPs, while mid cap ETPs experienced the largest outflows of USD0.1bn, followed by commodity themed ETPs.

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

Within Commodity ETPs, those tracking broad commodity benchmarks saw the largest inflows followed by those tracking natural gas. Meanwhile, gold and silver ETPs experienced the largest outflows.

There were three new listings during the week. Propelled by the good performance of MLPs, Credit Suisse launched the third ETN tracking this segment. This new ETN comes to market with the same TER (0.85 per cent) as its two predecessors, but tracks a different number of companies. The remaining two listings, introduced by IndexIQ and First Trust, offer exposure to South Korea, and to the BICK (Brazil, India, China and South Korea) region, respectively.

ETP turnover increased by 3.9 per cent over the previous week and totalled USD63bn.

Turnover in large cap and US sector ETPs experienced the largest increase within equity ETPs. For fixed income ETPs, turnover in the sovereign space increased the most. Commodity ETP turnover increase the most in gold and silver ETPs.

US ETPs assets under management remained flat week totalling USD842bn at the end of the week. Equity ETPs had the lion’s share with USD632bn and 75 per cent of market share, followed by fixed income funds with USD125bn and 15 per cent of market share.

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