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Market downturn sweeps 2% away from Asia-Pac ETP AUM


Amid declining markets, Asia-Pacific ETP AUM lost USD1.8bn or 2% last week and ended at USD90.5bn, according to the latest data released by BlackRock. However, on a year to date basis, Asia-Pacific ETF assets are USD6.4bn or 7.5% above last year’s closing.

Asia-Pacific ETP turnover totalled USD7.4bn for the last week, 8.8% above previous week’s total and 54.7% up from last year’s weekly average.

South Korea continues to be on top of the turnover ranking with USD3.8bn (up 12.4%), followed by Hong Kong (USD1.1bn, down 5.7%), China (USD1.1bn, up 4.4%), Japan (USD610m, up 5.6%), and Taiwan (USD210m, down 9.2%).

Among Equity ETFs, Emerging Country, Short Strategy, Leveraged Strategy and Asia Pac Developed Country ETFs had total turnover of USD2.5bn, USD1.7bn, USD1.5bn and USD856m respectively. Under the Commodity asset class, turnover on Gold ETPs totaled USD473m, 139.8% up from last week.

Last week, only one new product was launched in the Asia-Pacific region. Korea Investment Trust Management listed KINDEX Inverse ETF on Korea Stock Exchange replicating inversed daily performance of the KOSPI 200 Future Index.

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