Tradeweb’s European ETF marketplace enjoys record trading in May

Jun 9th, 2017 | By | Category: ETF and Index News

Trading activity on the Tradeweb European-listed ETF marketplace reached a record-breaking €17.74 billion in May, narrowly beating the platform’s previous strongest performance of €17.73bn in March 2017. The results represent more than €2.4bn more in notional value traded compared to the third most heavily traded month, recorded in January 2017.

Tradeweb reports strongest month for European ETF trading during May

Adriano Pace, managing director for equity derivatives at Tradeweb.

Equity ETFs were the only asset class to see net selling during the month, with ‘sells’ outstripping ‘buys’ by two percentage points. Activity in the products increased to 70% of the overall notional volume, outperforming the 12-month rolling average by 11 percentage points.

Adriano Pace, managing director for equity derivatives at Tradeweb, commented: “In May, more than 30% of the platform’s total traded volume was executed in ETFs offering exposure to European equities, as the election result in France and speculation ahead of the UK general election dominated headlines. North America equities were also very active, but were heavily offered.”

Meanwhile, ‘buys’ in fixed income ETFs surpassed ‘sells’ by five percentage points, as a proportion of the entire platform flow. Corporate bonds and government bonds were the most heavily-traded fixed income categories over the course of the month, with €1.18bn and €1.13bn in traded volume respectively.

Source: Tradeweb.

Top ten ETFs by traded volume

Equity-based products dominated May’s top ten ETF list, with the iShares Edge MSCI Europe Value Factor UCITS ETF ranked first. The fund tracks the MSCI Europe Enhanced Value Index and provides access to over 150 large and mid-cap companies across 15 developed countries in Europe. Stocks are selected and weighted according to their exposure to the value factor, discerned by examining a company’s price-to-book, price-to-forward earnings and enterprise value-to-cash flow ratios. The fund has a total expense ratio of 0.25%.

Source: Tradeweb.

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