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Asia-Pac ETF turnover soars in the middle of declining markets

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The Asia-Pacific ETP market collected total weekly turnover of USD14.5bn last week, 81.2% above previous week, and 204% up from last year’s weekly average.

This was primarily aided by the ETPs tracking Kospi 200 Index and its inverse and leveraged versions as the index experienced sharp decline in the last week. South Korea topped the turnover ranking with a record USD6.4bn (up 108%) followed by Hong Kong (USD2.9bn, up 45.2%), Japan (USD1.9bn, up 56.9%), China (USD1.8bn, up 119.7%), and Taiwan (USD721.9m, up 58.7%).
 
Among Equity ETPs, Emerging Country, Leveraged Strategy, Short Strategy and Asia Pac Developed Country ETPs experienced significant week-over-week rise in turnover of USD2.1bn (59.9%), USD1.9bn (144.6%), USD1.2bn (214.4%) and USD989m (49.8%) respectively. On the Commodities section Gold ETPs activity also increased by 97.2% totaling USD453m for the last week.

Amid volatile markets, Asia-Pacific ETP AUM remained technically flat on a week-over week basis and ended at USD89.9bn last week. However, on a year to date basis, Asia-Pacific ETF market is USD5.7bn or 6.8% above last year’s closing.

After one week of silence, another new product was added in the Asia-Pacific market last week. Chinese issuer GF Fund Management Co Ltd entered the ETP market with the listing of its Guangfa SZSE Small and Mid Cap Enterprises 300 Price Index ETF on Shenzhen Stock Exchange tracking SZSE Small and Mid Cap Enterprises 300 Price Index.

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