European ETP turnover falls

According to Societe Generale-owned Lyxor ETFs, on-exchange turnover fell 16.3% to €10.3bn for the week ending 18 November. However, underlying equity market activity (measured by the STOXX Europe 600 Index turnover) declined by a sharper 17% compared to the previous week. Fixed income turnover, meanwhile, jumped nearly 37% during the week as the asset class saw its market share increase from 7.5% to 12%. Commodities, especially gold, were also slightly higher. Lyxor ETFs achieved the second highest trading volume on a 20-day basis with a 23.8% market share.