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US ETP assets under management up 4.3 per cent


Assets under management of US exchange-traded products rose by 4.3 per cent totalling USD798bn at 9 July, according to research by Deutsche Bank.

Equity ETPs account for 72 per cent of the assets with USD578bn, followed by fixed income funds with USD136bn and 17 per cent of market share.

After a couple of months of high turnover, average daily turnover has dropped to pre-May levels. Turnover for the week was USD74bn, dropping 6.6 per cent from the previous week.

There were three listings during the week, all of them listed on NYSE Arca. Two of them track emerging market equity segments (size and sector) in Brazil and India, and the remaining ETF pursues an active strategy intended to create returns through a relative value investment approach.

Equity, fixed income and commodity ETPs had inflows of USD3.4bn, USD1.5bn and USD42m, respectively. Currency ETPs, on the other hand, experienced outflows of USD157m.

Within equity ETPs, large cap ETPs received the largest inflows (USD3.7bn) followed by emerging markets regional ETPs, while US sector ETPs saw the largest outflows (USD697m).

The fixed income ETPs space saw strong inflows again, with sovereign ETPs (USD583m) and corporates ETPs (USD493m) leading the positive flows.

Commodity ETPs were almost neutral and no major trend was observed.

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