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Flow Traders cites FX cause for ETF asset growth

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Monthly ETP market data for June from Flow Traders shows that over the month Global ETP assets under management grew marginally to EUR3,604 billion (USD 4,110 billion), versus May 2017.

Flow Traders writes that this development was fully explained by the change in FX rates, as the assets under management continued to grow in US dollars from USD4,044 billion in May to USD4,110 billion in June. The average VIX for the month of June decreased to 10.51 (versus 10.86 in May), with a low of 9.75 (versus 9.77 as a low in May) and a high of 11.46 (versus 15.59 in May).

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