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US ETF Market kicks off new year with almost USD12bn of inflows


The first two weeks of the year saw very strong inflows into Equity (USD8.7bn) and Fixed Income (USD3.2bn) ETPs, according to figures released by Deutsche Bank. The total US ETP flows from all products registered USD6.9bn of inflows during last week vs USD4.9bn of inflows the previous week, setting the YTD weekly flows average at +USD5.9bn.

ETF markets experienced positive flows across all major asset classes during last week. Equity, Fixed Income, and Commodity ETPs experienced flows of +USD4.7bn, +USD2.1bn, and +USD0.2bn last week vs. +USD4.0bn, +USD1.2bn, and -USD0.1bn the previous week, respectively.

Within Equity ETPs, US sector products experienced the largest inflows (+USD2.0bn), followed by EM regional ETPs (+USD1.1bn); while Small Cap vehicles experienced the largest outflows (-USD0.4bn). Within Fixed Income ETPs, Corporate products experienced the largest inflows (+USD1.5bn) followed by broad-benchmarked ETPs (+0.2bn). Within Commodity ETPs, flows were overall shy, with Energy products recording the largest inflows (+USD0.1bn).

There were 12 new ETFs listed on the NYSE Arca during the previous week. The new funds offer access to new segments of the international equity space, new volatility-related choices, active sector rotation implementation, and fixed income spread strategies.

Total weekly turnover rose by 4.5% to USD252bn vs. USD241bn in the previous week, but is still 26% down from last year’s weekly average of USD340bn. The largest increase was on Equity ETP turnover, which grew by USD10.2bn or 5% to USD219bn. Fixed Income ETP turnover followed with an increase of 3.6% (+USD0.5bn); while Commodity ETP turnover declined by 3.1% (-USD0.5bn).

Last week, total ETP assets increased by 1.7% to USD1.08 trillion, driven by bullish markets and healthy inflows. Assets for equity, fixed income and commodity ETPs moved +USD14.7bn, +USD2.8bn, and +USD0.9bn during last week, respectively. As of last Friday, total assets had grown by 3.5% or USD37bn YTD.

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