ETF volumes drop despite equity rebound

Investors kept their hands off ETFs last week, with low daily trading volumes persisting despite a rebound in the equity market. Weekly volumes were down 10% on the Eurostoxx and 15% on the S&P against their six month average, even as the indices rose 4.3% and 2.7% respectively. Across the market, flows moved out of ETFs targeting lower growth and into gold and silver ETPs, longer-term duration bonds, and funds aimed at higher inflation. Gold ETPs attracted inflows of around $800m globally, while iShares' EuroStoxx Sustainability 40 and Stoxx Europe 600 ETFs saw redemptions worth $50m...