Europe and Asia are trading exchange traded funds (ETFs) now more than ever, but signs of this were emerging even before the recent financial crisis.
ETF turnover in European stock ETFs rose by 29.3% last week on average daily turnover of $1.2 billion, according to the latest figures from Deutsche Bank, reports Index Universe staff.
Asian equity markets also saw new highs: at the Shanghai Stock Exchange, turnover was at 50; turnover in the SSE 50 ETF reached a new high of 57.6% through the first four days of last week.
The European fixed income ETF market saw at turnover rise by 37.5% to $168 million. Money market ETFs saw the bulk of the activity last week, and helped to raise total European ETF turnover to an average of $1.54 billion last week.
The spike in turnover hasn’t slowed the introduction of new funds in Europe, though. Last week, and into this week, two dozen new funds hit the market.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.