ETFs: “Consistent tradability despite volatile markets and high turnover”

World and US ETFs dominate in terms of volume

ETFs on the major equity indices are well ahead in the turnover rankings. Both traders report an almost balanced relationship between supply and demand. Depending on the price trend, there were mainly pro-cyclical purchases and sales. Overall, the HSBC MSCI World (IE00B4X9L533) was mostly bought, while the iShares Core MSCI World (IE00B4L5Y983) was predominantly sold. The picture is similar for the S&P 500, where the Amundi index fund (IE000KXCEXR3) is more often on the sell side, while the iShares counterpart (IE00B5BMR087) is on the buy list, according to Mohr.

Out of tech and into the banks

In the tech sector, the sell-off that has been observed for several weeks is continuing. Mohr sees significant losses for the iShares S&P 500 Information Technology Sector (IE00B3WJKG14) and the Xtrackers Artificial Intelligence & Big Data (IE00BGV5VN51), which has long been very popular. Financial stocks are in demand, perhaps also thanks to good figures from US banks at the start of the reporting season on Friday. There is interest in the Xtrackers MSCI USA Financials and the iShares EURO STOXX Banks. Puschmann reports further purchases of the WisdomTree Europe Defense (IE0002Y8CX98). “However, interest in the sector is no longer as great as it was a few weeks ago”.

The “safe havens” are still in high demand

Business with gold ETCs continues to be good. The new record levels of the precious metal are attracting buyers. The iShares Physical Gold (IE00B4ND3602), for example, is benefiting from this. Puschmann is observing sales for the WisdomTree Silver 3x Daily Short (IE00B8JG1787), which briefly made significant gains at the beginning of the month. However, the search for safe havens is not only evident in gold, but also in the bond segment. “Overnight trackers continue to be heavily traded, with a lot of capital flowing into the products,” says Mohr, referring to the Xtrackers II EUR Overnight Rate Swap (LU0290358497) as an example.

Die „sicheren Häfen“ sind weiter heiß begehrt

Unverändert gut läuft das Geschäft mit Gold-ETCs. Die neuen Rekordstände des Edelmetalls ziehen Käufer an. Davon profitiert zum Beispiel der iShares Physical Gold (IE00B4ND3602). Verkäufe beobachtet Puschmann für den WisdomTree Silver 3x Daily Short (IE00B8JG1787), der zu Monatsbeginn kurzzeitig deutlich zulegen konnte. Die Suche nach sicheren Häfen zeigt sich aber nicht nur bei Gold, sondern auch im Anleihe-Segment. „Die Overnight-Tracker werden weiter fleißig gehandelt, es ist unter dem Strich sehr viel Kapital in die Produkte geflossen“, verweist Mohr beispielhaft auf den Xtrackers II EUR Overnight Rate Swap (LU0290358497).

At the end of last week, Deutsche Börse celebrated the 25th anniversary of exchange-traded funds (ETFs) in Europe. The first two index funds on European equity indices from the STOXX index family have been followed by many more ETFs over the past 2.5 decades, of which over 2,400 can now be traded on Xetra. As of May 1, 2025, trading participants will benefit from significant cost advantages in the settlement of their exchange-traded ETF transactions. Back in March, Deutsche Börse launched a new offering for private investors on Xetra and activated a free real-time offering with order book depth of the ten best bid/ask limits at boerse-frankfurt.de.

• Investors can find all the information they need in the article 

by Thomas Koch 15 April 2025, Deutsche Börse AG ©