Good markets globally and positive local economic data underpinned a USD2.2bn or 2.6% WOW growth in the Asia-Pacific ETP AUM, according to Deutsche Bank’s weekly ETP market review for the region.
Assets reached USD86.4bn vs USD84.2bn in the previous week and are up by 2.7% YTD, USD2.2bn above last year’s close.
In the last week, total turnover reached USD 6.2bn, which is USD1.8bn or 40% above previous week’s total of USD 4.4bn, and 29% above from last year’s weekly average. The on exchange activity surge was mainly due to increased activity in Hong Kong and China. Last week, Chinese exchanges were open for all the days as compared to the previous week when there were two holidays. Equity ETPs activity rose by 42%, totalling USD6.0bn.
The Hong Kong market took the first place with a weekly turnover total of USD2.0bn, with the Chinese markets piggybacking just USD6 million behind.
There was one new listing in the Asia-Pac ETP markets. Midas AM launched an Equity ETF following an option strategy known as “Covered Call” on the KOSPI 200 index, which can now be accessed at a TER of 0.45%. Total ETPs available in the region stand at 295, with 85% represented by equity products, and the remaining 15% distributed, mainly between Commodity and Fixed Income products.
