Asia Pacific ETP assets add USD4.4bn amid market rally
Assets under management of Asia Pacific exchange-traded products increased by USD4.4bn and ended at USD116.1bn last week, according to data released by Deutsche Bank.
On a year-to-date basis, Asia Pacific ETP market is up by USD24.7bn or 26.9 per cent above last year’s closing.
Asia Pacific ETP turnover totalled USD7.2bn for last week, 1.6 per cent down from the previous week’s total.
South Korea continued to be on top of the turnover ranking with USD3.9bn, followed by China (USD1.3bn), Hong Kong (USD1.1bn), Japan (USD0.6bn), and Taiwan (USD0.1bn).
Among equity ETFs, emerging country, leveraged strategy, short strategy and Asia Pacific developed country ETFs had total turnover of USD3.1bn, USD1.7bn, USD1.1bn, and USD0.9bn respectively.
Under the commodity asset class, turnover in gold ETPs totalled USD36m for the last week.
Last week, one new product was launched in the Asia-Pacific ETP market. Mitsubishi UFJ Asset Management listed one equity ETF on Tokyo Stock Exchange tracking S&P Topix Daily Risk Control 10 per cent TR Index.
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