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US ETPs see outflows of USD3bn

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US ETPs registered USD3.0bn of outflows during last week vs USD17.4bn of inflows the previous week, setting the YTD weekly flows average at +USD2.2bn, according to deutsche Bank’s US ETF Market Weekly Review.

Following October’s market rally, markets and ETP flows experienced a pull back, most likely due to profit booking. Equity, Fixed Income, and Commodity ETPs experienced flows of -USD4.0bn, +USD0.5bn, and +USD0.5bn last week vs. +USD16.9bn, +USD0.1bn, and +USD0.5bn the previous week, respectively.

Within Equity ETPs, Dividend products experienced the largest inflows (+USD0.9bn), followed by Quantitative products (+USD0.4bn), while Large Cap vehicles experienced the largest outflows (-USD4.3bn). Within Fixed Income ETPs, Corporates products experienced the largest inflows (+USD0.9bn), while Sovereign vehicles experienced the largest outflows (-USD1.0bn). Within Commodity ETPs, Precious Metals recorded the largest inflows (+USD0.4bn), while Agriculture products experienced the only outflows (-USD0.06bn).

There were 8 new ETFs listed on the NYSE Arca during the previous week. The new ETPs offer exposure to international indices with low volatility and high momentum focus, Australian debt, and financials subsectors.

Total weekly turnover dropped by 1.8% to USD459bn vs. USD467bn in the previous week. The largest decrease was on Equity ETP turnover, which declined by USD5.4bn or 1.3% to USD413bn. Fixed Income ETP turnover increased by USD0.5bn to USD21.3bn last week. Finally, Commodity ETPs products turnover was down by USD3.3bn, totaling USD20.7bn at the end of last Friday.

Total ETP assets were 2.1% down, but still 6.8% up YTD by the end of last week, ending up at USD1.06 trillion. Assets for equity, fixed income and commodity ETPs moved -USD24.1bn, +USD0.8bn, and +USD0.2bn during last week, respectively.
 

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