U.S. exchange-traded products’ (ETPs) assets under management (AUM) dropped $72.5 billion after a recent fall in the market, as per Deutsche Bank’s ETF Market Weekly Review, IFA Online reports. U.S. ETPs saw outflows of $5.5 billion in the first week of August and $1.9 billion the week before. The AUMs of U.S. ETPs are still $1.02 trillion. Long-only equity ETPs witnessed outflows of $7.7 billion, while long-only fixed-income ETPs gained from the market volatility with inflows of $470 million.
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