ETP activity falls as equity markets rise

On-exchange ETP turnover fell to €14.8bn, a decline of almost 12% compared to the previous week, according to Lyxor. Regional and strategy ETFs experienced the largest declines; 20% and 32.7%, respectively. Commodity flows show resilience, with a decline of less than 10%; while sector, style, currency and alternative ETPs were the only categories to see increased activity. Alternatives saw the largest increase - almost 35%. Trading firm Cowen reports declining primary ETF market volumes; it attributes this to a fall in iShares S&P 500 ETF creations. There were continued sell-offs ...