Bringing you live news and features since 2006 


US ETP assets retreat from the USD1.3trn mark on market pullback


US equity markets weighed on exchange-traded fund assets last week, pushing them down by 0.9 per cent (-USD11.9bn) to USD1.26trn, according to Deutsche Bank.

As of last Friday, US ETPs have accumulated an asset growth of 20.5 per cent YTD.

Assets for equity, fixed income and commodity ETPs moved -USD16.6bn, +USD1.4bn, +USD3.3bn during last week, respectively.

The total US ETP flows from all products registered USD2.42bn (+0.2 per cent of AUM) of inflows during last week vs USD5.15bn (+0.4 per cent) of inflows the previous week, setting the YTD weekly flows average at +USD3.1bn (+USD138.35bn, +13.2 per cent YTD in total cash flows).

Equity, fixed income, and commodity ETPs experienced flows of +USD0.96bn (+0.1 per cent), +USD1.07bn (+0.4 per cent), +USD0.37bn (+0.3 per cent) last week vs. +USD2.78bn (+0.3 per cent), +USD2.33bn (+0.9 per cent), +USD0.01bn (+0.0 per cent) in the previous week, respectively.

Among US sectors, industrials (+USD0.22bn, +3.9 per cent) and materials (+USD0.14bn, +2.0 per cent) received the most significant flows.

In the equity space, large cap ETFs experienced USD1.9bn (-0.9 per cent) in outflows, while emerging markets (+USD0.7bn, +0.7 per cent) and value (+USD0.4bn, +0.9 per cent) ETFs saw the largest inflows. In the debt space, sovereign products gathered most of the inflows (+USD0.8bn, +1.3 per cent). Within commodity products, flows were driven by precious metals with +USD0.3bn (+0.3 per cent).

Total weekly turnover increased by 95.5 per cent to USD313bn vs. USD160bn from the previous week. However, last week’s turnover level was still 17 per cent below last year’s weekly average.

Equity, fixed income and commodity ETPs turnover increased by USD137bn (+98 per cent), USD7.1bn (+64 per cent) and USD7.4bn (+93 per cent), respectively.

Last week Pyxis Funds launched their first ETF (SNLN), the new fund was listed on the NYSE Arca and offers exposure to a portfolio of senior loans.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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