US ETPs back above $1trn as market rallies

The S&P 500 rose by 6%, allowing ETPs to recoup some of the losses made during the falls over the past few weeks. Other developed and emerging markets also moved up. Total ETP assets at the end of the week were $1.02trn, an increase of 2.6% year-to-date and there were $2bn of inflows into US ETPs. Deutsche says that although it is too early to tell if there is a reversal of risk-off sentiment, ETP flows suggest increased risk appetite. Equity ETPs had inflows of $5.5bn and fixed income had $1.3bn, while commodity ETPs had outflows of $0.3bn. Asian ETP assets also recovered some o...