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ETP inflows of USD8.5bn show risky assets remain in favour with US investors


Total US exchange-traded product flows registered USD8.51bn (+0.7 per cent of AUM) of inflows during last week compared with USD3.38bn (-0.3 per cent) of outflows the previous week.

This sets the YTD weekly flows average at +USD3.3bn, which is +USD140.13bn or +13.4 per cent YTD in total cash flows, according to Deutsche Bank.

Equity, fixed income, and commodity ETPs experienced flows of +USD6.80bn (+0.8 per cent), +USD1.95bn (+0.8 per cent), -USD0.28bn (-0.2 per cent) last week versus -USD4.64bn (-0.5 per cent), +USD0.96bn (+0.4 per cent), +USD0.37bn (+0.3 per cent) in the previous week, respectively.

US-focused equity ETFs recorded inflows of USD3.5bn (+0.6 per cent), with most of it flowing into the large cap segment. Among US sectors, materials (+USD0.4bn, +5.3 per cent) and healthcare (+USD0.3bn, +2.5 per cent) received the top inflows, while energy (-USD0.4bn, -1.6 per cent) and technology (-USD0.3bn, -1.6 per cent) experienced the largest outflows.

Emerging market ETFs recorded significant inflows as well, mostly driven by EM broad (+USD1.0bn, +1.0 per cent), China (+USD0.7bn, +9.4 per cent), and Brazil (+USD0.5bn, +5.2 per cent) ETFs. Finally, corporate ETFs experienced inflows of USD1.5bn (+1.5 per cent).

Total weekly turnover increased by 16 per cent to USD271bn vs. USD234bn from the previous week. However, last week’s turnover level was 28 per cent below last year’s weekly average. Equity, fixed income and commodity ETPs turnover increased by USD32.1bn, USD3.1bn and USD1.9bn the previous week, respectively.

US ETPs assets rose by 0.9 per cent to USD1.29trn during the previous week. As of last Friday, US ETPs have accumulated an asset growth of 23.3 per cent YTD. Assets for equity, fixed income and commodity ETPs moved +USD12.7bn, +USD2.0bn, and -USD2.6bn during last week, respectively.

There were three new ETFs and one new ETN listed during the previous week. All of the products, but one, were listed in the NYSE Arca, while the remaining product was listed in Nasdaq. The new products offer access to US mortgage Reits, core emerging markets, low vol + high income, and US TIPs.

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