The Asia-Pacific ETP market recorded monthly cash outflows of USD664m for the month of March bringing YTD cash flows to -USD385m, according to figures released by Deutsche Bank. Prior to that, Asia-Pacific region recorded monthly flows of USD1.4bn and -USD1.1bn for January and February respectively.
From a market perspective, ETPs in South Korea led the outflows with USD611m, followed by Taiwan with USD239m and Japan with USD152m, while Hong Kong and Australia witnessed inflows of USD157m and USD109m respectively. Total monthly outflows were primarily contributed by Equity ETFs with USD1bn of outflows, partially offset by USD271m of inflows in Fixed Income ETFs. Within Equity products, Emerging Country and Asia Pac Developed Country ETFs recorded outflows of USD637m and USD380m respectively, while sector ETFs had inflows of USD151m.
Asia-Pacific ETP turnover totalled USD4.8bn for last week, 6.7% down from the previous week’s total. South Korea continues to be on top of the turnover ranking with USD1.6bn, followed by China (USD1.2bn), Hong Kong (USD0.9bn), Japan (USD0.7bn), and Taiwan (USD0.1bn). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of USD2.3bn, USD1bn, USD0.8bn and USD0.3bn respectively. Under the Commodity asset class, turnover in Gold ETPs totalled USD101m.
Last week, Asia-Pacific ETP AUM ended at USD99.5bn. On a year to date basis, Asia-Pacific ETP market is up by USD8bn or 8.8% above last year’s closing.
Last week, two new products were launched in the Asia-Pacific ETP market. Nikko Asset Management listed one Fixed Income ETF on Tokyo Stock Exchange tracking Barclays Capital Advanced Emerging Markets Risk Controlled 10% USD ER Index in JPY equivalent. Motilal Oswal Mutual Fund listed one gold ETF on National Stock Exchange (India).
