iShares ETF flow data following US election results on 9 November

Trading volumes of iShares European ETFs stood at $3.15bn at market close, shy of the $5bn volume traded on June 24 2016 after the Brexit vote……..

Trading on the European primary and secondary markets was orderly as investors adjusted portfolio allocations quickly and cost-effectively using ETFs, allowing additional liquidity and price discovery.

Key observations from the iShares European product range :

Equity markets initially sold-off in the immediate reaction to the election result. However, within the European trading session risk sentiment improved and this was evidenced by inflows into equity exposures.

European investors appear to have learned from the Brexit vote experience, with speculative buying to search for relative value occurring earlier in the day – there were inflows into iShares EURO STOXX 50 [$223m], iShares Core S&P 500 [$141m], and iShares S&P 500 Financials [$73m].

ETFs with exposure to ‘safe haven’ assets such as gold – which gathered assets in the run up to the election – continued to see elevated trading volumes.

Top 10 most traded iShares ETFs on the major European exchanges

TickerNameToday $ Volume (m)$ 30-day Average Daily Volume (m)% ADV
DAXEXiShares Core DAX®$261.3$61.6424%
EUEiShares EURO STOXX 50® $211.5$26.4801%
CSPXiShares Core S&P 500$204.4$95.2215%
IDUSiShares S&P 500$169.1$27.0627%
IGLNiShares Physical Gold ETC$140.3$25.0561%
LTAMiShares MSCI EM Latin America$94.2$6.81376%
IUSEiShares S&P 500 EUR Hedged$83.6$12.7661%
EXW1iShares EURO STOXX 50$75.9$21.3356%
ISFiShares Core FTSE 100$72.6$39.5184%
IWRDiShares MSCI World$71.6$18.9378%



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