Bringing you live news and features since 2006 

upwards trending arrow

US ETP assets recover USD13bn on market bounce-back

RELATED TOPICS​

Positive equity markets and healthy inflows added USD12.6bn or 1.1% to ETP assets last week, bringing assets up to USD1.12bn or up 7.4% YTD at the end of last Friday, according to figures released by Deutsche Bank.

Assets for equity, fixed income and commodity ETPs moved +USD13.9bn, +USD1.3bn, and -USD2.3bn during last week, respectively.

The total US ETP flows from all products registered USD3.1bn of inflows during last week vs USD1.7bn of inflows the previous week, setting the YTD weekly flows average at +USD2.8bn (+USD58.4bn YTD in total cash flows).
Equity, Fixed Income, and Commodity ETPs experienced flows of +USD2.8bn, +USD1.3bn, and -USD1.0bn last week vs. -USD0.6bn, +USD2.0bn, and +USD0.3bn the previous week, respectively.

Within Equity ETPs, large cap and growth style products experienced the largest inflows (+USD1.5bn, +USD1.0bn respectively); while leverage short vehicles experienced the largest outflows (-USD0.3bn). Within Fixed Income ETPs, Sovereign products recorded the largest inflows (+USD0.9bn), followed by broad benchmarked products (+USD0.4bn); while Corporates experienced outflows of USD0.2bn. Within Commodity ETPs, Precious Metals products experienced the largest outflows (-USD1.0bn).

Total weekly turnover decreased by 17.8% to USD318bn vs. USD387bn in the previous week. Last week’s turnover level was 16% below last year’s weekly average. The largest absolute increase was on Equity ETP turnover, which dropped by USD58.9bn or 17.2% to USD283bn. Fixed Income ETP and Commodity ETP turnover followed with decreases of 20.3% (-USD4.3bn) and 26.7% (-USD5.3bn), respectively.

There were two new ETFs and two new ETNs listed on the NYSE Arca during the previous week. The ETFs offer access to covered bonds and to a multi asset strategy, while the ETNs offer monthly double exposure to dividend stocks.
 

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

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...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
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