ETF trading, turnover up in Europe and Asia, says Deutsche Bank.

Even before the U.S. government's plan to rescue the financial system failed to find support in Congress, exchange-traded funds in Europe were showing signs of heavier trading by investors during the rocky markets.

ETF turnover in European stock ETFs rose by 29.3% last week on average daily turnover  of $1.24 billion, according to the latest figures from Deutsche Bank.

Turnover in an Asian equity ETF also reached a record last week. On the Shanghai Stock Exchange, turnover in the SSE 50 ETF reached a new high of 57.55% through the first four days of last week. There were 577 million orders for the SSE 50 ETF last week, including 400 million redemption orders and net 177 million orders for new subscriptions, the ninth  consecutive week during which the ETF saw net new subscriptions.

In the much smaller European fixed income ETF market, turnover rose by 37.5% to $168 million.

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