Asia Pacific ETP AUM down USD1bn amid bearish equity markets
Last week’s market weakness reduced assets under management of Asia Pacific exchange-traded products by about USD1bn to USD114.7bn, according to Deutsche Bank.
Year-to-date however, Asia Pacific ETP AUM is up by USD23.2bn, a 25.4 per cent increase from the end of last year.
Asia-Pacific ETP turnover totalled USD5.4bn last week, down 1.6 per cent from the previous week’s total.
South Korea continued to top the turnover ranking with USD2.6bn, followed by China (USD1.1bn), Hong Kong (USD0.8bn), Japan (USD0.5bn), and Taiwan (USD0.2bn).
Among equity ETFs, the emerging country, leveraged strategy, short strategy, and Asia Pacific developed country ETFs had total turnovers of USD2.3bn, USD1.3bn, USD0.8bn, and USD0.6bn respectively.
Among the commodities asset class, turnover in gold ETPs totalled USD131m.
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