Monthly average daily turnover of Asia Pacific exchange-traded funds declined 7.1 per cent to USD807m in the week ending 1 March, according to Deutsche Bank.

The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD202m accounting for 25.1 per cent of total turnover.

There are 205 equity based ETFs in the Asia Pacific region with 280 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.16 per cent of the whole market, whilst China has the largest market share by turnover with 42.33 per cent.

There were eight new listings during the week. Deutsche Bank listed six new ETFs on the Hong Kong Stock Exchange. Samsung Investment Trust Management and Nikko Asset Management listed one new ETF each on the Korea Stock Exchange and Tokyo Stock Exchange respectively. All the new listings were primary listings except those issued by Deutsche Bank.

Assets under management declined by 2.8 per cent to USD58.9bn. The largest ETF by AUM is the Topix ETF managed by Nomura Asset Management with AUM of USD6.1bn.