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Asia-Pac ETP AUM declines while turnover increases

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All the markets in Asia-Pacific region were down last week due to the concerns over faltering US economic growth and Greece’s worsening sovereign debt crisis.

From north to south, Japan (Nikkei 225) slid 1.71%, Korea (KOSPI2) declined by 1.05%, China (CSI 300) retreated by 2.36%, Hong Kong (HSI) dropped by 3.23%, Singapore (FSSTI) sank by 2.37% and Australia (S&P/ASX 200) slipped by 1.69%.

Last week, Indian ETP provider Religare Mutual Fund launched an ETF on National Stock Exchange (India) tracking S&P CNX Nifty Index. In the Asia-Pacific region, gradually more and more number of asset management companies are entering into the ETP market as well as increasing their product range.

As of the end of last Friday, Asia-Pacific ETP turnover was again back to the USD5bn mark after the shorter trading week when total turnover only reached USD3.9bn. Korea Stock Exchange witnessed a sharp increase in trading activity with record USD1.4bn turnover, followed by Hong Kong (USD1.3bn), China (USD871m) and Japan (USD864m). Significant week-over-week turnover rise were experienced among Emerging Country ETPs (USD474m or 30.8%), Leveraged Strategy ETPs (USD312m or 74.7%), Asia Pac Developed ETPs (USD198m or 16.3%) and Short Strategy ETPs (USD160m or 78.6%).

Asia-Pacific ETP AUM finally moved last week after almost two months of stickiness. ETP assets could not sustain the USD87bn level anymore due to the continuous declining markets in the region and slipped to USD85.6bn at the end of last week. However, it was USD1.4bn or 1.7% above last year’s closing.

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