Bringing you live news and features since 2006 

US ETPs see inflows of USD1.7bn


Total US ETP flows from all products (long+short) registered USD1.7bn of inflows during last week vs USD434m of inflows the previous week, setting the YTD weekly flows average at +USD1.9bn.

Defensive flows kept receiving healthy inflows during last week as investors sail choppy seas, and helped long only ETPs to gather USD1.5bn of inflows in spite of the equity market downturn. Within long only ETPs, equity products experienced outflows of USD625m, while Fixed Income and Commodity ETPs registered USD1.2bn and USD928m of inflows, respectively (Figure 1).

In general, equity defensive sectors (+USD988m), fixed income investment grade (+USD637m), commodity gold (+USD619m), and equity dividend (+USD200m) remain the favourite defensive trades during last week.

A noteworthy point was the unusually large inflow to the US Healthcare sector ETPs (USD796m) during last week after bottoming at USD1.3bn of outflows on a QTD basis last Tuesday. We believe that the current underlying trend governing the equity market (i.e. risk off trade) and the relative valuations within the main three defensive sector ETFs (XLP: Cons. Staples, XLU: Utilities, and XLV: Healthcare) suggest that last week’s flows could be the beginning of a sector rotation within defensives.

There were four new ETFs and 12 new ETNs listed on NYSE Arca during the previous week. The new products provide additional investment vehicles to play volatile markets by taking different views on volatility and market neutral strategies.
Total weekly turnover decreased by 13.8% to USD354bn vs. USD411bn in the previous week. The largest decrease was on Equity ETP turnover, which fell by USD55bn or 15.3% to USD305bn. Fixed Income ETP turnover decreased by USD4bn to USD14.3bn last week. Finally, Commodity ETPs products turnover kept on the same level, totalling USD29.8bn at the end of last Friday.
The equity markets downturn dragged ETP AUM along the way in spite of inflows to Commodity and Fixed Income products. US ETP AUM lost USD15.8bn or 1.5% compared to the previous week and closed at USD1.007 trillion or 1.2% up YTD.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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