- ETP average daily volume increased 2.75% m/m (+67.02% y/y), to 2.93 bn, as the VIX average daily close declined 10.96% m/m (+43.58% y/y), to 18.22.
- Average daily value traded rose 6.90% m/m (+59.11% y/y) to $198.5 bn.
- ETPs accounted for 16.53% of total equity ADV (-16 bps m/m) and 24.88% of ADVT (+4 bps m/m).
- The 20-most-active ETPs comprised 39.71% (-105 bp m/m) of total ETP volume and 6.56% (-24 bps m/m) of all equity volume.
- NYSE Arca (+78 bps m/m) and NYSE (+57 bps m/m) gained the most market share, while off-exchange venues (-161 bps m/m) lost the most.
- Net ETP flows were positive for an 18th consecutive month, at $66.66 bn. US equity ($17.88 bn) and US corporate fixed income funds ($15.05 bn) led the way; Only US government fixed income (-$2.47 bn) and specialty funds (-$344 mn) suffered net outflows.
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