New launches of exchange traded funds in Asia decreased sharply in the fourth quarter of 2008 but have just started to recover, according to Deutsche Bank researchers Shan Lan and Aram
New launches of exchange traded funds in Asia decreased sharply in the fourth quarter of 2008 but have just started to recover, according to Deutsche Bank researchers Shan Lan and Aram Flores.
There are 176 equity based ETFs listed in the Asian Pacific market with 194 different listings across 12 countries and 15 exchanges.
Japan has the largest market share by assets under management accounting for 53 per cent of the whole market, while China has the largest market share by turnover with 31 per cent.
Monthly average daily turnover decreased in the last quarter of 2008 and now is beginning to rise again. Turnover for the previous week was USD662m.
The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD143m accounting for 21.6 per cent of total turnover.
Assets under management have decreased since the second half of 2007, and they have kept the downward trend in the first weeks of 2009.
Assets under management as of 18 February stood at USD45.2bn. The largest ETF by assets is the Topix ETF, managed by Nomura Asset Management, with assets of USD6.3bn.
