Bringing you live news and features since 2006 

Thumb down

US ETP Market records USD7.6bn in outflows


The US ETP market saw total outflows of USD7.6bn last week vs USD5.6bn of outflows the previous week, setting the YTD weekly flows average at +USD1.7bn. US ETP AUM lost USD17bn, closing at USD1.00 trillion or 0.7% up YTD.

Long only equity ETPs recorded USD4.6bn of outflows last week vs USD7.8bn of outflows the previous week. From a geographic allocation perspective, most segments were in red again, US-focused, EM, and DM ex US ETPs all experienced outflows of USD2.6bn, USD1.4bn and USD753m last week, respectively.

Long-only fixed Income ETPs recorded outflows of USD710m last week. Sovereign ETPs received USD318m in inflows; while Corporates recorded the largest outflows (-USD1.1bn). Commodity ETPs recorded outflows of USD1.5bn last week. At a sub sector level, Crude Oil ETPs recorded the largest inflows with USD0.59bn; while Gold products had USD1.1bn in outflows.

The overall reading of last week’s long only ETP flows is that the risk off trade keeps expanding in size. During this period, long only equity ETPs with the additional USD4.6bn of outflows totaled USD5.6bn of outflows since the beginning of the quarter (-USD15bn in the last three weeks).

In addition to risk off trades, flows data also suggests that investors were engaged in a variety of market timing trades in an attempt to exploit any possible opportunity arising from these volatile markets. Gold, Equity Energy sector, and Commodity Energy products (with flows of -USD1.1bn, +USD1.0bn, and +USD0.57bn, respectively) were among such trades.

There was one new product launched in the NYSE Arca during the last week. The new ETP offers access to the Indian Consumer sectors. 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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