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Leveraged ETFs see outflows

ETF screenAssets invested in leveraged and inverse exchange-traded products (ETPs), including ETFs, increased 14.1% in the first nine months of the year, reports ETFGI.

The increase in the year-to-date at the end of September meant that assets under management (AUM) in these kinds of products stood at US$77 billion.

ETFGI, an ETF data provider and consultancy, said there were 834 ETFs/ETPs globally. Most of them – 419 – were leveraged products, which saw outflows of $1.01 billion in the year-to-date and their AUM came to $43.56 billion.

Leveraged inverse products saw inflows of $4.69 billion and AUM of $43.56 billion.

ProShares is the largest leveraged/inverse ETF/ETP provider in terms of assets with $23.82 billion, and Direxion is second with $11.01 billion, followed by Lyxor with $4.81 billion.

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