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Asian ETP market sees strong cash flows in July

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Although the Asia-Pacific markets experienced mixed results during July (Nikkei 225: +0.17%; KOSPI2: +0.71%; HSI: +0.19%; TAMSCI: -0.92%, CSI 300: -2.37%, S&P/ASX 200: -3.98%), the ETP market witnessed strong cash flows of USD2.1bn during the month, according to Deutsche Bank. This was the third month in a row when the market experienced cash flows of over USD2bn. From a market perspective, ETPs in Taiwan led the inflows with USD598m, followed by Korea with USD525m and Hong Kong with USD517m.

 

Total monthly flows were primarily contributed by Equity ETPs with USD2bn of inflows. Within Equity products, Emerging Country ETPs and Asia Pac Developed Country ETPs each recorded USD1.1bn inflows. Unlike previous months, Fixed Income ETPs gained some traction in the last two months with USD115m and USD83m of inflows for June and July respectively. With July’s monthly contribution, year-to-date cash flows reached USD9.7bn.
 
Turnover activity totalled USD4.6bn last week after a week-over-week gain of 8.8%. South Korea topped the turnover ranking with USD1.3bn (down 12.5%), followed by Hong Kong (USD1.2bn, up 32.3%), China (USD935m, up 10.3%), Japan (USD665m, up 42.2%) and Taiwan (USD165m, down 21.8%). Among Equity ETPs, Emerging Country and Asia Pac Developed Country ETPs experienced USD263m (14.3%) and USD112m (12.7%) increase in turnover over the previous week.

Asia-Pacific ETP AUM ended at USD95.3bn with a decline of 2% over the previous week. On a year to date basis, Asia-Pacific ETP market is significantly above last year’s closing with USD11.2bn or 13.2% increase.

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