ETF volumes remain weak as equities fall

"Europe/Greece turned into a sell off and pushed indices into the red for the week - final weekly moves were S&P -2.5% versus Eurostoxx -6.9%," reports Cowen. "ETF volumes were again weak; US was down by 10% as per previous week whilst those of Europe again were below the norm by -5%/10% on average as conviction remains on the bearish side." Cowen's primary market volumes were marginally net positive compared to the previous week as orders came in for corporate bond ETFs such as iShares Markit iBoxx $ Corporate Bond ETF, iShares Market iBoxx £ Corporate Bond ETF and iShares Barclays C...