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US ETP assets added USD27bn during last week’s rally

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ETP Assets recovered more than 2% of assets during last week’s rally. Positive equity markets and healthy inflows added USD26.9bn or 2.4% to ETP assets last week, bringing assets up to USD1.13bn or up 8.0% YTD at the end of last Friday.

Assets for equity, fixed income and commodity ETPs moved +USD27.0.bn, +USD0.7bn, and -USD0.6bn during last week, respectively.

The total US ETP flows from all products registered USD3.9bn of inflows during last week vs USD1.0bn of outflows the previous week, setting the YTD weekly flows average at +USD2.7bn (+USD61.3bn YTD in total cash flows).

Equity, Fixed Income, and Commodity ETPs experienced flows of +USD2.9bn, +USD0.8bn, and +USD0.4bn last week vs. -USD3.1bn, +USD1.9bn, and +USD0.2bn the previous week, respectively.

Within Equity ETPs, US sector and small cap products experienced the largest inflows (+USD1.3bn, +USD1.0bn respectively); while emerging country vehicles experienced the largest outflows (-USD0.3bn). Within Fixed Income ETPs, Sovereign & Corporates products recorded the largest inflows (+USD0.5bn), followed by broad benchmarked products (+USD0.3bn); while Sub-Sovereign experienced outflows of USD0.1bn. Within Commodity ETPs, Precious Metals products experienced the largest inflows (USD0.3bn).

Total weekly turnover increased by 10.7% to USD320bn vs. USD289bn in the previous week. Last week’s turnover level was 15% below last year’s weekly average. The largest absolute increase was on Equity ETP turnover, which rose by USD29.6bn or 12.1% to USD274bn. Fixed Income ETP and Commodity ETP turnover followed with increases of 1.9% (USD0.5bn) and 6.9% (USD1.1bn), respectively.

There were two new ETPs listed on the NYSE Arca during the previous week. The ETPs offer access to a strategy replicating the holdings of established hedge funds, and to a basket of diversified commodity futures with optimising roll yield methodology.

 

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