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US ETP assets lost 0.9%, but flows remain positive

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Negative equity markets and below-average inflows resulted on a pull-back in US ETP assets of USD10.4bn, last week according to figures released by Deutsche Bank.

ETP AUM fell by 0.9% to USD1.18 trillion from the previous week’s level. YTD growth remains strong though at 13.1%. Assets for equity, fixed income and commodity ETPs moved -USD8.1bn, -USD0.3bn, and -USD2.1bn during last week, respectively.

Total US ETP flows from all products registered USD1.2bn of inflows during last week vs USD4.4bn of inflows the previous week, setting the YTD weekly flows average at +USD3.8bn (+USD53.2bn YTD in total cash flows).
Equity, Fixed Income, and Commodity ETPs experienced flows of +USD0.8bn, +USD0.4bn, and +USD0.0bn last week vs. +USD2.9bn, +USD1.5bn, and +USD0.1bn the previous week, respectively.

Within Equity ETPs, Small Cap products experienced the largest inflows (+USD0.7bn); while Large Cap vehicles experienced the largest outflows (-USD0.8bn), followed by US Sector ETPs (-USD0.5bn). Within Fixed Income ETPs, Corporates recorded the largest inflows (+USD0.6bn), followed by Sovereign products (+USD0.6bn). Within Commodity ETPs there weren´t significant flows.

Total weekly turnover declined by 12.5% to USD250bn vs. USD286bn in the previous week. However, daily average volume increased by 9.35% from USD57.2bn to USD62.5bn on rising volatility. Back to total weekly figures, the largest decrease was on Equity ETP turnover, which fell by USD33.5bn or 13.3% to USD218bn. Commodity and Fixed Income ETP turnover followed with decreases of 11.52% (-USD1.9bn) and 0.8% (USD0.1bn), respectively.

There were five new ETF listings during the previous week. Four listed on BATS and one listed on NYSE Arca. Four new products provide exposure to High Yield Corporate debt from EM and Global Markets, and the other ETP provides exposure to a portfolio of diversified income investments.
 

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