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US ETFs see healthy inflows across all asset classes


US ETPs registered USD4.2bn of inflows during last week vs USD3.0bn of outflows the previous week, setting the YTD weekly flows average at +USD2.2bn, according to Deutsche Bank’s latest weekly market review for the sector.

ETF markets had a healthy week in terms of inflows across all major asset classes. Equity, Fixed Income, and Commodity ETPs experienced flows of +USD1.5bn, +USD1.3bn, and +USD1.4bn last week vs. -USD4.0bn, +USD0.5bn, and +USD0.5bn the previous week, respectively.

A deeper look into the details of the flow trends suggests that the market sentiment is still mixed due to the fluid European environment. Within Equity ETPs, Dividend products experienced the largest inflows (+USD0.6bn), while Small Cap vehicles experienced the largest outflows (-USD0.9bn). Within Fixed Income ETPs, Corporates products experienced the largest inflows (+USD0.7bn), while no category recorded outflows. Within Commodity ETPs, Precious Metals recorded the largest inflows (+USD1.5bn), while Energy products experienced the largest, albeit mild, outflows (-USD0.04bn).

There were two new ETFs and two new ETNs listed on the NYSE Arca during the previous week. The new ETPs offer exposure to developed market countries investment grade debt. (Figure 18)
Turnover Review: ETP turnover slightly lower

Total weekly turnover dropped by 15.9% to USD386bn vs. USD459bn in the previous week. The largest decrease was on Equity ETP turnover, which declined by USD66.5bn or 16.1% to USD346bn. Fixed Income ETP turnover decreased by USD6.1bn to USD15.1bn last week. Finally, Commodity ETPs products turnover was up by USD0.6bn, totalling USD21.3bn at the end of last Friday.

Total ETP assets edged 0.4% higher, advancing 7.3% YTD by the end of last week, ending up at USD1.067 trillion. Assets for equity, fixed income and commodity ETPs moved +USD1.5bn, +USD0.6bn, and +USD2.5bn during last week, respectively.

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