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Equity inflows and market rally push US ETP assets up by 2.9 per cent


Markets boosted US exchange-traded product assets by USD36bn last week, an increase of 2.9 per cent, according to data released by Deutsche Bank.

As of last Friday, US ETPs have accumulated an asset growth of 21.7 per cent year-to-date.

Assets for equity, fixed income and commodity ETPs moved +USD33.3bn, +USD1.3bn, +USD1.9bn during last week, respectively.

The total US ETP flows from all products registered USD4.6bn (+0.4 per cent of AUM) of inflows during last week vs. USD6.71bn (-0.5 per cent) of outflows the previous week, setting the YTD weekly flows average at +USD2.9bn (+USD136.15bn or +13.0 per cent YTD in total cash flows).

Equity, fixed income, and commodity ETPs experienced flows of +USD3.27bn (+0.4 per cent), +USD1.31bn (+0.5 per cent), -USD0.02bn (-0.0 per cent) last week vs. -USD6.68bn (-0.8 per cent), -USD0.13bn (-0.1 per cent), +USD0.06bn (+0.1 per cent) in the previous week, respectively.

Among US sectors, materials (+USD0.72bn, +7.95 per cent) and consumer discretionary (+USD0.28bn, +5.00 per cent) received the top inflows, while utilities (-USD0.55bn, -7.36 per cent) and financials (-USD0.39bn, -0.91 per cent) experienced the largest outflows.

Within equity ETPs, large cap products had the largest inflows (+USD2.3bn, +1.2 per cent), while US sector products had the largest outflows of USD0.5bn (-0.4 per cent). Within fixed income ETPs, corporate products had the largest inflows (+USD0.7bn, +0.7 per cent).

Mostly driven by the shorter Thanksgiving week, total weekly turnover decreased by 43.8 per cent to USD171bn vs. USD304bn from the previous week. Last week’s turnover level was 55 per cent below last year’s weekly average. Equity, fixed income and commodity ETPs turnover decreased by USD120.9bn (-44.5 per cent), USD6.4bn (-38.0 per cent) and USD4.3bn (-35.0 per cent), respectively.

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