European ETF turnover reaches record high

Lipper's latest Pan-European ETF report shows the average monthly ETF turnover for Q2 was up 31.40% at €51.40bn, compared with €39.11bn in Q1. This significant increase was largely driven by the new all-time high in on-exchange turnover that was reached in May. The report says trading activity tends to highly correlate with market volatility. Rising volatility combined with an "unusually high" demand for ETFs from a range of investors therefore led to higher turnover numbers on the pan-European exchanges in Q2. In June, the exchanges in Germany had the highest market share in terms...