Last week, Kiwoom Asset Management made its debut with one Equity ETF listed on Korea Stock Exchange offering exposure to Kospi 100 Index. (See Figure 5 for further details.)

ETP Monthly Flows
Asia-Pacific ETP market recorded monthly cash outflows of $1.1bn for the month of February for the first time since November 2010. From a market perspective, ETPs in Taiwan led the outflows with $626m, followed by Japan with $581m, while India witnessed $115mn of inflows. Total monthly outflows were primarily contributed by Equity ETFs with $1.3bn of outflows, partially offset by $117m of inflows in Fixed Income ETFs with Sovereign exposure. Within Equity products, Asia Pac Developed Country, Emerging Country and Sector ETFs recorded $789m, $433m and $138m of outflows.

Turnover Review
Asia-Pacific ETP turnover totaled $5.7bn for last week, 2.6% down from the previous week’s total. China climbed to the top of the turnover ranking with $1.6bn, followed by South Korea ($1.5bn), Hong Kong ($1.2bn), Japan ($1bn), and Singapore ($0.2bn). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of $2.7bn, $1.3bn, $0.7bn and $0.4bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $262m.

Asset Under Management Review
Last week, Asia-Pacific ETP AUM ended at $102.1bn. On a year to date basis, Asia-Pacific ETP market is up by $10.6bn or 11.6% above last year's closing.