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Deutsche Bank - European ETF Turnover Rises, Assets Fall
By IndexUniverse.eu Staff | March 05, 2009 9:13 pm

According to Deutsche Bank, exchange-based equity ETF turnover rose 4% in the week ending 2 March, by comparison with the previous week. European fixed income ETF turnover rose 2% over the same period. 

Short and leveraged ETFs had turnover of E325m, accounting for 35% of total ETF trading volume, followed by European regional ETFs, with total turnover of E259m (28% of the Europe-wide total). DAX ETFs remain the dominant country products, with total average daily volume of E93m across the five listed products, accounting for 9.9% of all equity ETF volume.  

The Deutsche Boerse XTF platform has the largest market share, with 29.9% of total turnover. The NYSE Euronext NextTrack platform has 25% market share. The LSE's combined Italian Exchange and London market share is now 23.5%.

Total European equity-related ETF assets under management (AUM) declined 5% to E62.6bn during last week. AUM for DJ Euro STOXX 50 ETFs were E12.2bn, accounting for 19% of total European equity ETF assets. Fixed income ETF AUM remained almost stable at E32.8bn. 

The ETFs with an increase in shares of over E50 million during the week were the db x-trackers II EONIA TR index ETF (+E359million), the db x-trackers II iBoxx E Sovereigns Eurozone 3-5 Year TR Index ETF (+E104million) and the db x-trackers ShortDAX ETF (+E56million).

The ETFs with a decrease in shares of more than E50 million during the week were the Lyxor ETF EuroMTS 7-10 year (-E113 million), iShares DJ Euro Stoxx 50 (DE) ETF (-E92 million), iShares S&P500 Index ETF (-E69million) and the iShares DJ Euro Stoxx 50 ETF (-E54million).
 

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