European ETP AUM hit record level last week

On-exchange commodity ETP turnover was strong, increasing by more than 71% on the previous week. This put commodity ETPs in second place by turnover, with country-specific ETPs leading the volumes. Cowen also reports strong on-screen volumes in commodities, with ETF Securities' Gold experiencing high trading volumes. Its wheat and corn products reached new levels, driven by rising wheat and corn prices. As the European equity markets picked back up there were outflows of €325mn from European ETPs, according to Deutsche Bank's Weekly Review. Equity ETFs had outflows of €135mn, most ...