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Asia-Pac ETP market sees record ETP inflows of USD4bn in August

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The Asia-Pacific ETP market witnessed strong cash inflows of USD4bn in the month of August which is the highest monthly flows since the start of 2011, according to BlackRock.

 

With this latter figure, it has been fourth month in a row with cash inflows of over USD2bn for the Asia-Pac ETP market. From a market perspective, ETPs in Japan led the inflows with USD3.6bn, followed by Korea with USD729m and China with USD259m, while Taiwan experienced outflows of USD804m. Year to date, Asia-Pac ETPs have gathered USD13.7bn or 16.3% compared to last year’s closing AUM level.

Total monthly flows were primarily contributed by Equity ETFs with USD3.8bn of inflows. Within Equity products, Asia Pac Developed Country ETFs and Strategy ETFs (Leveraged and Short) recorded USD3.9bn and USD519m of inflows, partially offset by outflows of USD591m from Emerging Country ETFs. Amid declining markets Gold ETPs gained traction and collected total net inflows of USD167m during the month of August.

Asia-Pacific ETP turnover totalled USD6.8bn for the last week, 14.4% down from previous week’s total and 42.2% up from last year’s weekly average. South Korea continues to be on top of the turnover ranking with USD3.4bn (down 5.6%), followed by Hong Kong (USD1.2bn, up 2.5%), China (USD1bn, up 0.7%), Japan (USD578m, down 49%), and Taiwan (USD231m, down 13%). Among Equity ETFs, Emerging Country, Short Strategy, Leveraged Strategy and Asia Pac Developed Country ETFs had total turnover of USD2.6bn, USD1.4bn, USD1.3bn and USD967m respectively. Under the Commodity asset class, turnover in Gold ETPs totaled USD197m, 70.6% down from last week.

Asia-Pacific ETP AUM ended at USD92.3bn with an increase of 1.4% over the previous week. On a year to date basis, Asia-Pacific ETP market is USD8.2bn or 9.7% above last year’s closing.

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