Investors remain cautious with an eye on what is going on with the US debt ceiling discussions in Washington and the Greek Sovereign crisis developments in Europe, according to Deutsche Bank Securities North America equity research report.
As a result, equity markets in the US (S&P 500) plummeted by 2.06% over the last week. Total US Exchange Traded Product (ETP) flows from all products registered $1.4bn of outflows vs $10.6bn of inflows the previous week, setting the YTD weekly flows average at +$2.4bn. US ETP AUM lost almost $15bn, closing at $1.1 trillion or 10.2% up YTD. However, the beginning of Q3 suggests that investors’ sentiment towards risky assets is mixed, according to the report. On a QTD basis, long-only Equity, Fixed Income, and Commodity ETPs have received inflows for $6.7bn, $2.2bn, and $1.6bn, respectivel...
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