Exchange traded funds (ETF) have recently been in high demand. According to Anthony Rochte, senior managing director at State Street Global Advisors, ETF volumes are “up at almost 38 percent of all U.S. traded equities through the first quarter.”
In 2008, ETFs accounted for over 25 percent of all equity trading volume, Rochte told CNBC. “But given the market as of late, we’ve seen more demand—over 30 to 35 percent.”
In particular, Rochte said that the SPDR Gold Trust is driving the commodities trade. In terms of volume, it has grown from “21 billion a year into over 33 billion as of last night.”
Aside from gold, Rochte said there is also a high demand for fixed income ETFs.