- ETP average daily volume jumped 16.73% m/m (+119.93% y/y), to a record 5.75 bn, as the VIX average daily close climbed 17.95% m/m (+12.02% y/y), to 16.20.
- Average daily value traded rose 9.02% m/m (+106.79% y/y) to an all-time high $340.0 bn.
- ETPs were a record 28.76% of total equity ADV (+341 bps m/m) and 30.37% of ADVT (+143 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 11.02% (+26 bps m/m) of total AUM, 22.82% (+246 bps m/m) of total ADV and 7.12% (+14 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 38.77% (+79 bp m/m) of total ETP volume and 11.15% (+152 bps m/m) of all equity volume.
- NYSE Arca (+34 bps m/m) gained the most market share, while IEX (+6 bps m/m) reached a new all-time high of 4.28%; Off-exchange venues lost the most (-36 bps m/m).
- Net ETP inflows were $180.95 bn. US equity funds ($63.75 bn) led the pack, followed by US corporate fixed income ($32.98 bn) and global funds ($27.77 bn). Only currency funds (-$1.65 bn) saw net outflows.
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