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Asia-Pac ETPs see strong inflows despite volatile equity markets

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The Asia-Pacific ETP market continued attracting strong monthly cash inflows last week and totalled USD2.0bn for the month of October with year to date net inflows reaching USD18bn, according to Deutsche Bank’s weekly review of the sector.

From a market perspective, ETPs in Japan led the inflows with USD1.6bn, followed by China with USD432m, while Hong Kong experienced outflows of USD394m.

Total monthly flows were primarily contributed by Equity ETFs with USD1.8bn of inflows. Within Equity products, Asia Pac Developed Country, Short Strategy and Emerging Country ETFs recorded USD1.4bn, USD286m and USD141m of inflows, partially offset by outflows of USD285m from Leveraged Strategy ETFs. In the commodities section, Gold ETPs collected total net inflows of USD154m during the month of October.

Asia-Pacific ETP turnover totalled USD9bn for the last week, 2.2% down from previous week’s total and 88.1% up from last year’s weekly average. South Korea continues to be on top of the turnover ranking with USD3.6bn (up 3.4%), followed by China (USD1.8bn, down 0.3%), Hong Kong (USD1.6bn, up 1.8%), Japan (USD1.3bn, down 4.5%), and Taiwan (USD224m, down 20.8%). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Short Strategy, and Leveraged Strategy ETFs had total turnover of USD3.5bn, USD1.7bn, USD1.7bn and USD1.4bn respectively. Under the Commodity asset class, turnover in Gold ETPs totalled USD200m, 32.1% down from last week.

Last week, Asia-Pacific ETP AUM ended at USD95.7bn with a decline of 1.9% over the previous week. On a year to date basis, the

Seven new products were launched in the Asia-Pacific ETP market and three new providers entered the ETP market during last week. Among the new entrants, CMS Asset Management HK Company Ltd listed one equity ETF on Hong Kong Exchange tracking CSI Overseas Mainland Enterprises Index, BBL Asset Management Company listed one gold ETF on Thailand Stock Exchange and Sumitomo Mitsui Asset Management listed one equity ETF on Tokyo Stock Exchange tracking Topix Active in Asia Index. In addition, Deutsche Bank AG listed four Luxembourg domiciled ETFs on the Singapore Exchange tracking the MSCI Singapore IM TRN Index, the MSCI AC Asia Pacific Ex Japan TRN Index, the MSCI Bangladesh IM TRN Index and the MSCI Pakistan IM TRN Index; the last two ETFs are the first in the whole world on such indices.

 

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