Tradeweb Exchange-Traded Funds Update - April 2024

Core Insights - Tradeweb's European ETF marketplace saw a total traded volume of EUR 54.7 billion in April, with a record 24.8% of this volume executed via the Automated Intelligent Execution (AiEX) tool [2][3] - In the U.S., total consolidated ETF notional value traded reached USD 57.4 billion in April, reflecting a year-over-year increase of 34.5% [8][10] European-Listed ETFs - The trading activity in equity-based ETFs accounted for 63% of the overall platform flow, while fixed income and commodities represented 27% and 10%, respectively [3] - Fixed income was the only asset class where 'buys' exceeded 'sells', contrasting with net selling in equity and commodity products [4] - North American Equities was the most heavily traded category, with a total notional volume of EUR 12.6 billion [4][5] U.S.-Listed ETFs - Equities made up 56% of the total notional value traded, while fixed income accounted for 37% [8][9] - Seven of the top ten ETFs by traded notional volume were fixed income-based, with the iShares iBoxx $ Investment Grade Corporate Bond ETF ranking first [10][11]