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US ETP AUM near USD1.3trn with USD15bn in inflows

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Assets under management of US exchange-traded products reached a new all-time high of USD1.293trn last week, keeping the trend seen during the last couple of weeks, according to Deutsche Bank.



As of last Friday, US ETPs have accumulated an asset growth of 23.6 per cent YTD. Assets for equity, fixed income and commodity ETPs moved +USD36.8bn, +USD2.0bn, +USD4.7bn during last week, respectively.

The total US ETP flows from all products registered USD14.97bn of inflows during last week versus USD5.02bn of inflows the previous week, setting the YTD weekly flows average at +USD3.1bn (+USD113.35bn YTD in total cash flows).

Equity, fixed income, and commodity ETPs experienced flows of +USD12.79bn, +USD1.37bn, +USD0.84bn last week vs. +USD5.02bn, -USD0.81bn, +USD0.59bn in the previous week, respectively.

Within equity ETPs, large cap products had the most inflows (+USD5.2bn), while leveraged products had the largest outflows (-USD0.3bn). Within fixed income ETPs, corporate products had the largest inflows (+USD1.1bn), while sovereign products experienced the only outflows (-USD0.4bn). Within commodity ETPs, precious metals products experienced inflows of +USD0.8bn, while the other sectors experienced less relevant flows.

Total weekly turnover increased by 34.7 per cent to USD292bn vs. USD217bn from the previous week. However, last week’s turnover level was 23 per cent below last year’s weekly average. Equity ETP turnover increased by USD63.4bn, or 34.6 per cent, to USD247bn. Concurrently, fixed income and commodity ETPs turnover rose by 31.0 per cent (USD4.7bn) and 38.1 per cent (USD5.9bn), respectively.

There was one new equity ETF listed during the previous week. The new product from iShares was listed in the NYSE Arca and offers exposure to frontier markets.

 

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