Data tracking trading activity on the Tradeweb European-listed ETF platform over April shows that the ETF total traded notional volume amounted to a record breaking EUR11.591 billion.
Data tracking trading activity on the Tradeweb European-listed ETF platform over April shows that the ETF total traded notional volume amounted to a record breaking EUR11.591 billion.
The firm reports that the month also proved to be particularly strong for fixed income ETFs, which represented an above average 37 per cent of the total platform activity. By asset class, the firm reports that all ETF asset classes saw net buying during the month, with ‘buys’ outstripping ‘sells by 12 percentage points. Overall activity in equity-based products underperformed the 12-month rolling average by five percentage points.
Conversely, Tradeweb says that demand for commodity and fixed income ETFs beat the 12-month rolling average by one and four percentage points respectively. Corporate bond ETFs saw their traded volume surpass EUR800 million, of which 71 per cent was attributed to ‘buys’.
By traded volume, the top ten ETFs on Tradeweb over April were dominated by fixed income with April’s five most-heavily traded ETFs tracking fixed income indices, with the iShares $ Treasury Bond 1-3yr UCITS ETF ranked first. The fund offers investors exposure to the performance of the short-dated maturity segment of the US government bond market.