- ETP average daily volume rose 7.57% m/m (+64.69% y/y), to 4.26 bn, as the VIX average daily close climbed 10.05% m/m (+23.47% y/y), to 19.90.
- Average daily value traded increased 7.61% m/m (+84.93% y/y) to $282.7 bn.
- ETPs accounted for 22.68% of total equity ADV (+381 bps m/m) and 29.00% of ADVT (+146 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 10.52% (+13 bps m/m) of total AUM, 27.10% (-224 bps m/m) of total ADV and 7.93% (-99 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 36.30% (+93 bp m/m) of total ETP volume and 8.23% (+156 bps m/m) of all equity volume.
- Nasdaq (+118 bps m/m) and IEX (+54 bps m/m) gained the most market share, while off-exchange venues (-303 bps m/m) lost the most.
- Net ETP flows were positive once again at $153.80 bn. US equity funds ($92.63 bn) led the pack, with US government fixed income ($19.01 bn) and US corporate fixed income funds ($17.33 bn) a distant second and third. Only currency (-$3.95 bn) and specialty and alternative funds (-$241 mn) saw net outflows.
View the report
