Total US ETP assets reached an all-time high of USD1.181 trillion last week, pushed by upside markets and inflows, according to Deutsche Bank.
Assets for equity, fixed income and commodity ETPs moved +USD6.4bn, +USD2.2bn, and +USD4.8bn during last week, respectively. As of last Friday, total assets had grown by 12.9% or USD135.2bn YTD.US ETP flows had a bullish week last week, taking the YTD cash flow figure to USD35.8bn, according to Deutsche Bank. The total US ETP flows from all products registered USD4.7bn of inflows during last week vs USD2.4bn of outflows the previous week, setting the YTD weekly flows average at +USD4.5bn.
ETP markets experienced positive flows across the three major asset classes, with Equity leading the path. Equity, Fixed Income, and Commodity ETPs experienced flows of +USD2.4bn, +USD1.4bn, and +USD0.8bn last week vs. -USD4.1bn, +USD1.3bn, and +USD0.2bn the previous week, respectively.
Within Equity ETPs, US Sector products experienced the largest inflows (+USD2.4bn), followed by Mid Cap ETPs (+USD0.3bn); while Leveraged vehicles experienced the largest outflows (-USD0.2bn). Within Fixed Income ETPs, Corporate products experienced the largest inflows (+USD1.0bn), followed distantly by broad benchmarked ETPs (+USD0.1bn). Within Commodity ETPs, Gold products recorded the largest inflows (+USD0.3bn).
Total weekly turnover decreased by 29% to USD181bn vs. USD300bn in the previous week. The largest decrease was on Equity ETP turnover, which decreased by USD87.6bn or 32.6% to USD181bn followed by Fixed Income ETP with a 17.8% (-USD2.6bn) fall to USD11.9bn, while Commodity ETP turnover went on the opposite direction rising by 23.4% (+USD3.4bn) to USD17.8bn.
There were four new ETFs listed during the previous week. The new ETFs offer additional exposure to developed and emerging markets in different ways. Two of them offer diversified high beta portfolios on global DM and EM while the other two focus on dividend from Asia Pacific and Global Emerging Markets.
