The following data is derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms has reported on the ETF trading activity for August.
European-listed ETFs saw a total traded volume of EUR39.5 billion in August, while the proportion of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool was 82 per cent.
The firm reports that all ETF asset classes saw net buying for the second consecutive month, particularly fixed income products, where ‘buys’ surpassed ‘sells’ by 12 percentage points.
North America Equities continued to be the most actively-traded ETF category, with over EUR9.5 billion in total traded volume.
Adam Gould, head of equities at Tradeweb, says: “Our European-listed ETF platform had a solid August despite the traditional summer lull. Government bond-focused products were strongly bought and the category was the third most heavily-traded during the month.”
Fixed income products occupied half of August’s top 10 spots, with the iShares J.P. Morgan $ EM Bond UCITS ETF moving up three places from July to be ranked first.
In the US, total consolidated ETF notional value traded in August amounted to USD46.2 billion.
Tradeweb reports that as a percentage of total notional value, equities accounted for 50 per cent and fixed income for 40 per cent, with the remainder comprising commodity and specialty ETFs.
Fixed income ETFs dominated August’s top 10 by notional volume. However, the stocks-based SPDR S&P 500 ETF featured in first place after last appearing in the list in June 2023.
Adam Gould, head of equities at Tradeweb, says: “August was a strong month for both fixed income and commodities products on our U.S. ETF platform. We even saw a commodity ETF [iShares Gold Trust] hold a spot in the month’s top 10 list for the first time since May 2021.”
