Exchange-traded product volumes up 13% in 2010

Fixed-income exchange-traded products made money, investors turned to gold and a decline in assets followed falls in the equity markets in the first half of this year

Fixed income making money again

Assets under management in exchange-traded products (ETPs) have increased by 13.4% during the first half of 2010, according to figures from Deutsche Bank. "Global ETP market growth of 15% is still in reach, however it is less likely as it necessitates both a very strong equity market rally (upwards of 20%) as well as cashflow patterns at, or above, historical highs (US$80-90 billion) for the rest of the year, says Christos Constandinides, exchange-traded fund strategist, global markets research