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Asia-Pac ETPs see strong cash flows of USD2.3bn amid volatile markets

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Asia-Pacific ETP market continues attracting strong monthly cash inflows and totalled USD2.3bn for the month of September, according to BlackRock.

With this figure, monthly flows completed five straight months of cash inflows of over USD2bn for the Asia-Pac ETP market. From a market perspective, ETPs in Japan led the inflows with USD1.3bn, followed by Korea with USD669m and China with USD433m, while Taiwan experienced outflows of USD246m. Year to date, Asia-Pac ETPs have gathered USD16bn or 19% compared to last year’s closing AUM level.

Total monthly flows were primarily contributed by Equity ETFs with USD2.1bn of inflows. Within Equity products, Asia Pac Developed Country, Strategy (Leveraged and Short) and Emerging Country ETFs recorded USD1.5bn, USD451m and USD218m of inflows, partially offset by outflows of USD199m from Thematic ETFs. In the commodities section, Gold ETPs collected total net inflows of USD201m during the month of September.

In terms of new product launches, last week was relatively active in comparison to the past two months. Fubon Securities Investment Trust Company and SinoPac Securities Investment Trust Company (new entrant) each listed one ETF on the Taiwan Stock Exchange tracking the SSE180 Index and the TSE Capitalization Weighted Stock Index, respectively. Another new entrant in the ETP industry, Harvest Fund Management Company listed the Harvest Shenzhen F120 Index ETF on the Shenzhen Stock Exchange tracking the SZSE Fundamental 120 Index. (See Figure 5 for further details)

Asia-Pacific ETP turnover totalled USD10.2bn for the last week, 10.9% up from previous week’s total and 113.6% up from last year’s weekly average. South Korea continues to be on top of the turnover ranking with USD5.1bn (up 3.2%), followed by China (USD1.8bn, up 47.8%), Hong Kong (USD1.4bn, down 14.4%), Japan (USD1.1bn, up 59.1%), and Taiwan (USD247m, down 6.8%). Among Equity ETFs, Emerging Country, Short Strategy, Asia Pac Developed Country and Leveraged Strategy ETFs had total turnover of USD3bn, USD2.2bn, USD2.1bn and USD2bn respectively. Under the Commodity asset class, turnover in Gold ETPs totalled USD426m, 70.3% up from last week.

Last week, Asia-Pacific ETP AUM ended at USD87.9bn with a small increase of 1% over the previous week. On a year to date basis, Asia-Pacific ETP market is USD3.7bn or 4.5% above last year’s closing.
 

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