Laurent Kssis at LaBranche Structured Products Europe (LSPE) discusses weekly European ETF trades.
Market makers were busier in the last week of July than they were earlier in the whole month, as global equities and their indices retreated from the previous week's levels. Our primary market activity was about on a par with the week before last. Creation orders outweighed redemptions by 4:1, with 50% in bond-related ETFs. Our secondary market activity was weighted a solid 9:4 in favour of buyers, again indicating strong inflows in ETFs. European and US investors continued to buy riskier fixed income and high yield/investment grade products from the US, including the iShares iBoxx $ ...
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