Commodities lead ETP fall

ETPs downWeekly turnover of exchange-traded products (ETPs) in Europe dropped by nearly 20% to €7.6 billion in the course of last week, according to Lyxor. Overall ETP turnover stood at 5.2% of assets under management. A 45% drop in activity within the commodity area from recent high levels was the main contributor to the overall drop. Fixed income turnover fell by 35% while country and regional related turnover decreased by 4.6% and 5.4%, respectively. There was, however, an increase in turnover for dividend-related products. Although week-on-week figures were down, monthly exchange turnover actually increased by 9.8% to €42.8 billion between August and September. ©2012 funds europe

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