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Three new listings for US ETP market

There were three new listings in the US exchange-traded products market during the week ending 13 August, a report by Deutsche Bank shows. 

The new three options offer investors exposure to an active fixed income fund investing in emerging markets sovereign debt, a commodity product tracking a broad exposure index, and one equity ETF tracking the Indian Infrastructure sector.

The ETPs were issued by Wisdom Tree Asset Management, United States Commodity Funds and Emerging Global Shares, respectively.

Total ETP outflows in the US added up to USD10.1bn during the week. Fixed income, commodity and currency ETPs had inflows of USD609m, USD242m and USD280m, respectively. Equity ETPs, on the other hand, experienced outflows of USD11.3bn.

Within equity ETPs, global ex-US regional ETPs received the largest inflows (USD617m) followed by leveraged ETPs, while large cap ETPs saw the largest outflows (USD8.4bn).

The fixed income ETPs inflows were led by corporates ETPs (USD403m), while sovereign ETPs experienced the largest outflows (USD147m).

Commodity ETPs’ positive flows were driven mainly by gold ETPs (USD290m) while broad exposure commodity products experienced the largest outflows (USD110m).

Average daily turnover increased by a shy 1.5 per cent and totalled USD63bn at the end of the week.

Assets under management decreased by 4.0 per cent, mainly due to the market decline experienced during last week, totalling USD811bn at the end of the week. Equity ETPs account for 72 per cent of the assets with USD586bn, followed by fixed income funds with USD142bn and 18 per cent of market share.

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