Tradeweb has reported that equity ETFs saw net buying activity on its European-listed ETF marketplace during July with ‘buys’ outperforming ‘sells’ by eight percentage points. This was the first month of net positive buying of equity ETFs since March with European equity ETFs proving to be the most actively-traded ETF category at more than €2.8 billion in notional volume.
Total traded volume on the Tradeweb European-listed ETF marketplace exceeded €13.3 billion in July.
Similarly, ‘buys’ in fixed income products beat ‘sells’ by five percentage points as a proportion of the overall traded volume. Government bond ETFs were the most actively traded ETFs across fixed income sectors with €1.2bn of the platform’s total flow.
Commodity-based ETFs were the only asset class to see net selling during the month.
Total traded volume on the Tradeweb European-listed ETF marketplace exceeded €13.3bn in July.
Adriano Pace, managing director for equity derivatives at Tradeweb, commented: “With market volatility falling to lower than average levels across most asset classes, activity on our European ETF platform held up remarkably well in July with volumes increasing nearly 10% on June’s flow. On average, 93% of client enquiries resulted in completed transactions over the course of the month, demonstrating the consistency and quality of the liquidity provision available to them.”
Source: Tradeweb.
Top ten ETFs by traded volume
There were four products offering exposure to fixed income assets among July’s top ten most heavily-traded ETFs with the PIMCO Euro Short Maturity Source UCITS ETF (Xetra: PJS1) featured in the top ten for the seventh consecutive month. The actively managed fund invests primarily in a diversified portfolio of euro-denominated fixed income instruments to generate the maximum income consistent with capital preservation and daily liquidity. It has €2.4bn in assets under management (AUM) and a total expense ratio (TER) of 0.35%.
However, the most heavily traded ETF on Tradeweb’s European-listed ETF marketplace in July was the Amundi Euro Stoxx 50 UCITS ETF (Euronext Paris: C50), highlighting the demand for European equity ETFs during the month. C50 tracks the Euro Stoxx 50 Index, a blue-chip representation of supersector leaders in the eurozone, covering 50 stocks from 11 eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The fund has €2.2bn in AUM and a TER of 0.15%.
Source: Tradeweb.