Tradeweb reports that July proved to be another record-breaking month for the European-listed ETF marketplace, with activity that surpassed EUR10 billion for the seventh consecutive month.
Total traded volume reached EUR12.6 billion, up 9 per cent from April’s previous record. There was a clear buying trend across all ETF asset classes during July. ‘Buys’ in equity-based products outstripped ‘sells’ by six percentage points. However, overall activity in equity ETFs lagged the previous 12-month rolling average by eight percentage points.
In contrast, the proportion of volume executed in their fixed income counterparts increased to 37 per cent, beating the previous 12-month rolling average by five percentage points. “Fixed income ETFs were particularly active in July,” says Adriano Pace, managing director for equity derivatives at Tradeweb. “The asset class saw steady buying throughout the month in instruments covering emerging markets, corporates, high yield and government debt.”
