$12bn wiped off ETPs last week but YTD flows are strong

The decline in developed market equity indices over the past couple of months has affected assets; this is not the only time a large amount has been wiped off ETP AUM in recent weeks. But this is not the full picture, according to Deutsche Bank. "The most important thing in terms of assets in ETPs is not just the AUM, it's the flows. The cash flows give you a true indication of investor interest. We have had $114bn of flows globally [year-to-date]," says Christos Costandinides, European head of ETF research and strategy at Deutsche Bank. Given the fact that some equity markets are dow...