Asia-Pac ETP AUM defends USD100bn milestone
Asia-Pacific ETP AUM edged higher and ended at USD101.1bn last week, according to Deutsche Bank. On a year-to-date basis, Asia-Pacific ETP market is up by USD9.6bn or 10.5% above last year’s closing.
Asia-Pacific ETP turnover fell to USD3.3bn (-43%) last week due to holidays in many parts of the region. South Korea continues to be on top of the turnover ranking with USD1.1bn, followed by China (USD0.9bn), Hong Kong (USD0.7bn), Japan (USD0.3bn), and Australia (USD0.1bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Asia Pac Developed Country, and Short Strategy ETFs had total turnover of USD1.8bn, USD486m, USD467m and USD234m respectively. Under the Commodity asset class, turnover in Gold ETPs totaled USD69m for the last week.
Last week, two new products were launched in the Asia-Pacific ETP market. Samsung Asset Management listed one equity ETF on the Korea Stock Exchange tracking MSCI Korea Index. Vanguard listed one fixed income ETF on the Australian Securities Exchange tracking the UBS Government Bond Index.
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