LISTED PRODUCT NEWS
ETF SECS ROLLS OUT ETCS TO GERMANY
ETF Securities has extended its euro-based exchange-traded currencies (ETCs) offering to the German stock exchange this week, giving further flexibility to European investors – they were first listed on the LSE in November 2009. They now include eight euro-based ETCs with long or short exposure to the US dollar, Australian dollar, Canadian dollar and New Zealand dollar. ETF Securities is also providing access to four emerging market currency ETCs with long or short exposure to both the Chinese renminbi and the Indian rupee.
LEVERAGED AND SHORT ETPS IN FAVOUR
Exchange-traded products (ETPs) offering leveraged or short exposure saw turnover surge 40 per cent between 24 June and 1 July on the previous week, according to iShares’ new weekly European ETP trading report. These non delta 1 products saw turnover of €2.46m, ranking just behind regional ETPs, which had turnover of nearly €2.7m. But commodity ETPs suffered lower trading activity, with turnover down 7.7 per cent. Reported weekly turnover of ETPs rose 16 per cent but underlying equity market activity fell 6.4 per cent to €130bn.
NET INFLOWS INTO ETFS LAST WEEK
ETFs based on STOXX Europe 600 sectors have seen $539.9m of net outflows year-to-date, the BlackRock weekly net flows report for the week ending 2 July showed. But last week they saw $103m of net inflows, with the most inflows ($46.9m) into the Industrial Goods & Services sector. So far this year, the media sector ETFs have experienced the largest net inflows of $283.3m while the banks ETFs saw the largest outflows at $210.4m. The biggest inflows month-to-date have been into the basic resources sector ETF at $62.5m.