$72.5 billion wiped off US ETP assets as market fell

Outflows from US ETPs totalled $5.5 billion in the first week of August and $1.9 billion the week before; weekly turnover increased by 93.5% last week. US ETP AUM is still up year-to-date, however, ending the week at $1.02 trillion, a 2.4% increase. Long-only equity ETPs had the largest outflows ($7.7 billion), with US-focused products experiencing the worst hit. Long-only fixed Income ETPs were the beneficiaries of the volatile markets with inflows of $470 million last week. Asia-Pacific ETPs also lost assets, although on a much modest scale at $5 billion. Deutsche reports that t...