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US ETF market sees USD3.5bn inflows last week driven by EM equity and Corporate debt ETPs

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US ETP inflows saw another strong week during last week taking the YTD cash flow figure to USD33.6bn, according to Deutsche Bank. The total US ETP flows from all products registered USD3.5bn of inflows during last week vs USD1.4bn of inflows the previous week, setting the YTD weekly flows average at +USD5.6bn.

ETP markets experienced positive flows across all asset classes, with the exception of Currency, during last week. Equity, Fixed Income, and Commodity ETPs all experienced decent flows of +USD2.0bn, +USD1.5bn, and +USD0.4bn last week vs +USD0.3bn, +USD0.6bn, and +USD0.7bn the previous week, respectively. Within Equity ETPs, Emerging Markets regional products experienced the largest inflows (+USD2.0bn), followed by US Sector ETPs (+USD0.9bn); while Large Cap vehicles experienced the largest outflows (-USD1.5bn). Within Fixed Income ETPs, Corporate products experienced the largest inflows (+USD1.7bn), while Sovereign ETPs had the largest outflows (-USD0.8bn). Within Commodity ETPs, Precious Metals products recorded the largest inflows (+USD0.2bn).

Total weekly turnover dropped by 13% to USD278bn vs. USD319bn in the previous week, still about 26% down from last year’s weekly average of USD375bn. The largest decline was on Equity ETP turnover, which decreased by USD36.4bn or 13.2% to USD240bn. Fixed Income and Commodity ETP turnover followed with a plunge of 6.2% (-USD1.3bn) and 14.4% (-USD2.9bn), respectively.

Last week, total ETP assets remained technically flat at USD1.16 trillion, with mixed pressure from downside markets and healthy inflows. Assets for equity, fixed income and commodity ETPs moved -USD3.2bn, +USD1.5bn, and -USD0.9bn during last week, respectively. As of last Friday, total assets had grown by 10.5% or USD110bn YTD.Last week, total ETP assets remained technically flat at USD1.16 trillion, with mixed pressure from downside markets and healthy inflows. Assets for equity, fixed income and commodity ETPs moved -USD3.2bn, +USD1.5bn, and -USD0.9bn during last week, respectively. As of last Friday, total assets had grown by 10.5% or USD110bn YTD.

There were 10 new ETFs and 8 new ETNs listed during the previous week. The new ETFs offer additional emerging market exposure, and breakeven inflation access; while the ETNs focus on single commodity long and short leveraged exposures (See Figure 18 for details).
 

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