DB-Equity Research-Asia-Pac ETF Market Weekly Review:ETP assets near all-time highs in spite of $1.1bn outflows during February -continued

March 6, 2012--Market Review
Asian markets remained in positive territory last week. From north to south, Japan (Nikkei 225) surged by 1.34%, Korea (KOSPI2) increased by 0.85%, China (CSI 300) gained 1.21%, Hong Kong (HSI) advanced by 0.73% and Singapore (FSSTI) rose by 0.52%, while Australia (S&P/ASX 200) fell by 0.78% over the previous week.
New ETP launches

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.

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Source: Deutsche Bank - Equity Research - Asia Pacific

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