Bringing you live news and features since 2006 

Inflows to gold and fixed income ETPs suggest fear trade

RELATED TOPICS​

US ETPs registered USD0.9bn of inflows during last week vs USD4.2bn of inflows the previous week, setting the YTD weekly flows average at +USD2.2bn. ETF markets experienced safe haven-driven flows.

Equity, Fixed Income, and Commodity ETPs experienced flows of -USD1.9bn, +USD1.4bn, and +USD1.3bn last week vs. +USD1.5bn, +USD1.3bn, and +USD1.4bn the previous week, respectively.

Within Equity ETPs, Dividend products experienced the largest inflows (+USD0.7bn), followed by Mid Cap ETPs (+USD0.5bn); while US Sector vehicles experienced the largest outflows (-USD1.2bn). Within Fixed Income ETPs, Sovereign products experienced the largest inflows (+USD0.5bn), while no category recorded outflows.

Within Commodity ETPs, Precious Metals recorded the largest inflows (+USD1.4bn) mostly driven by inflows to Gold ETPs (+USD1.5bn), while Agriculture products experienced the largest, albeit mild, outflows (-USD0.03bn).

There were three new ETPs listed during the previous week. The new ETPs offer access to copper through futures contracts, international preferred stocks, and stocks with social media focus. See Figure 18 for further details. Turnover Review: ETP turnover continued to trend lower

Total weekly turnover dropped by 3.8% to USD371bn vs. USD386bn in the previous week. The largest decrease was on Equity ETP turnover, which declined by USD16.9bn or 4.9% to USD329bn. Fixed Income ETP turnover experienced a mild increase of USD0.2bn to USD15.3bn last week. Finally, Commodity ETPs products turnover was up by USD1.9bn, totalling USD23.2bn at the end of last Friday. Assets Under Management (AUM) Review: assets dropped by 3.1%

Total ETP assets dropped by 3.1% driven mainly by the equity markets plunge. Year to date, they accumulate a growth of 4.0%, ending up at USD1.035 trillion last Friday. Assets for equity, fixed income and commodity ETPs moved -USD30.7bn, +USD0.3bn, and -USD2.3bn during last week, respectively.

 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
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