Bringing you live news and features since 2006 

QE2 shaves USD13.6bn from US ETP industry


Concerns around QE2’s outcome shaved USD13.6bn (1.4 per cent) from the US exchange-traded products industry during the week ending 12 November, in spite of the USD5.5bn that flowed into the ETP market.

Total ETP inflows in the US added up to USD5.5bn versus USD7.8bn on the previous week, more than twice this year’s average weekly flow of USD2.3bn, the report by Deutsche Bank shows.

Equity and commodity ETPs had inflows of USD4.5bn and USD892m, respectively. The other asset classes recorded a combined USD50m of inflows.

Within equity ETPs, large cap ETPs received the largest inflows (USD1.8bn), followed by US sector products (USD1.4bn). Small cap ETPs experienced the largest outflows (USD540m).

The fixed income ETPs inflows to corporates, broad benchmark and foreign sovereign ETPs were mostly offset by outflows from sovereign funds, resulting in a flat week for fixed income flows.

Commodity ETPs’ flows highlights for the week went to silver ETPs with USD536m in fresh money, outpacing all of its precious metals peers by ten times or more.

There were two new products added to the ETP lineup over the week, both listed on NYSE Arca. Global X Funds launched one ETF offering access to the Norwegian Economy, while BlackRock listed an ETF tracking the MSCI Russia Capped index.

Average daily turnover rose by 4.7 per cent and totaled USD66bn at the end of the week. Commodity ETPs turnover experienced the largest relative increase (USD713m or 18.5 per cent)

Assets under management decreased by 1.4 per cent, backing down to USD955bn at the end of the week. This pullback was mainly driven by a retreat in the equity market amidst of QE2 implementation concerns and other global financial issues.

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by