- ETP average daily volume dipped 2.51% m/m (+21.79% y/y), to 2.50 bn, as the VIX average daily close climbed 33.39% m/m (21.81% y/y), to 19.31.
- Average daily value traded fell 3.39% m/m (+23.22% y/y), to $169.9 bn.
- ETPs accounted for 21.77% of total equity ADV (-107 bps m/m) and 29.62% of ADVT (-32 bps m/m).
- The 20-most-active ETPs comprised 39.68% (+1,295 bps m/m) of total ETP volume and 8.64% (+254 bps m/m) of all equity volume.
- IEX (+82 bps m/m) and NYSE Arca (+78 bps m/m) gained the most market share, while off-exchange venues (-93 bps m/m) and Cboe EDGA (-66 bps m/m) lost the most.
- Net ETP flows were positive for a 17th consecutive month at $51.90 bn, with US equity funds ($28.89 bn) leading the way and US government fixed income funds (+$12.84 bn) in second. Emerging markets (-$3.31 bn) and foreign developed market funds (-$2.3 bn) suffered the largest net outflows.
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