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New Chinese ETFs fuelled USD13bn Asia-Pac inflows in May

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The Asia-Pacific ETP market recorded monthly cash inflows of USD13.3bn for the month of May bringing YTD cash flows back to positive territory (+USD14bn). This includes USD8bn inflows of two newly listed ETFs from Huatai-PineBridge Fund Management (+USD5.7bn) and Harvest Fund Management (+USD2.7bn), both tracking the CSI 300 Index and listed on the Shanghai and Shenzhen stock exchanges respectively.

Prior to that, Asia-Pacific region recorded monthly flows of -USD1.1bn, -USD664m and USD1.1bn for February, March and April respectively. Equities had the lion’s share in the monthly cash flows contributing USD13bn, with fixed income and commodities contributing a modest USD247m and -USD18m respectively.

Within Equity products, Emerging Country ETFs emerged as the single largest recipient of monthly cash flows totalling USD8.2bn. ETFs offering exposure to country indices attracted robust inflows, with China, Japan and Taiwan receiving USD7.8bn, USD4bn and USD377m respectively.

Sensible Asset Management also listed three equity ETFs on the Hong Kong Stock Exchange tracking FTSE Value Stocks Taiwan Index, FTSE Value Stocks Japan Index and the FTSE Value Stocks Korea Index.

Asia-Pacific ETP turnover totalled USD6.3bn for last week, 30.8% up from the previous week’s total. China comes to be on top of the turnover ranking with USD2.7bn, followed by South Korea (USD1.9bn), Hong Kong (USD.8bn), Japan (USD0.6bn), and Australia (USD0.2bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Asia Pac Developed Country, and Short Strategy ETFs recorded total turnover of USD3.5bn, USD0.9bn, USD0.9bn and USD0.7bn respectively. Under the Commodity asset class, turnover in Gold ETPs totalled USD81m.

Last week, Asia-Pacific ETP AUM ended at USD106.7bn. On a year to date basis, Asia-Pacific ETP market is up by USD15.2bn or 16.6% above last year’s closing.
 

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