DB-Equity Research-Asia-Pac ETF Market Weekly Review: ETP assets hold on around $100bn, but still under pressure-continued

March 26, 2012--Market Review
All the major Asia-Pacific markets were down last week. From north to south, Japan (Nikkei 225) fell by 1.17%, Korea (KOSPI2) declined by 0.12%, China (CSI 300) was down by 2.69%, Hong Kong (HSI) decreased by 3.04%, Singapore (FSSTI) slipped by 0.68%, and Australia (S&P/ASX 200) dropped by 0.13% over the previous week.
New Launch Review
Last week, only one new product was launched in the Asia-Pacific ETP market. New entrant Canara Robeco listed one Gold ETF on National Stock Exchange (India) tracking domestic price of physical gold.

Turnover Review
Asia-Pacific ETP turnover totaled $5.2bn for the last week, 14.5% down from the previous week’s total. South Korea continues to be on top of the turnover ranking with $1.6bn, followed by China ($1.4bn), Hong Kong ($1.3bn), Japan ($0.5bn), and Taiwan ($0.1bn). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of $2.6bn, $0.8bn, $0.7bn and $0.5bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $113m for the last week.

Assets Under Management Review
Last week, Asia-Pacific ETP AUM declined by $0.7bn and ended at $99.9bn. On a year to date basis, Asia-Pacific ETP market is up by $8.4bn or 9.2% above last year’s closing.

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Source: Deutsche Bank - Equity Research - Asia Pacific

Asia ETP News
InvestSMART active ETF debuts on ASX
June 18, 2018--InvestSMART's first active exchange-traded fund (ETF) has debuted on the Australian Securities Exchange (ASX).
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SET to launch "SETTHSI Index" and "SETCLMV Index" on July 2
June 15, 2018--The Stock Exchange of Thailand (SET) today announced the upcoming launch of the two new indices named "SET THSI Index (SETTHSI)" consisting of stocks, highly perform on environmental, social and governance (ESG) perspective; and "SET CLMV Exposure Index (SETCLMV)" which comprises of Thai stocks, generating revenues from Cambodia, Laos, Myanmar and Vietnam (CLMV), allows investors to get benefit from these growing economies.
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China's retreating A-shares raise trading suspension fears
June 15, 2018--The recent retreat in Shanghai share prices, coupled with evidence of a slowdown in China's economic growth, are raising a pressing question for fund managers.
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Vietnam's economic prospects improve further, with GDP projected to expand by 6.8 percent in 2018
Recent growth uptick driven by favorable domestic and external conditions may gradually moderate.
June 14, 2018--Vietnam's economic growth momentum remains robust and is accompanied by broad macroeconomic stability.
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World's largest pension fund overhauls fees for asset managers
June 14, 2018--Japan's $1.5tn state pension fund no longer wants to pay 'considerable sums regardless of investment performance'
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China's economy cools in May as Beijing's efforts to reduce debt levels start to bite
June 14, 2018--Fixed-asset investment in first five months grows at slowest rate since records began in 1998; monthly retail sales growth slowest in 15 years
China's US$12 trillion economy suffered a downturn in May as retail sales expanded by their slowest rate in 15 years and fixed-asset investment growth in the first five months was the slowest on record, according to official figures released on Thursday.
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BetaShares Australian ETF Review-May 2018
June 13, 2018--Industry crosses $38B mark
The Australian ETF industry continued to grow last month, reaching a record high of $38.4B. The Industry grew 1.4% in the month ($534m), the vast majority (˜90%) of which came from new inflows, rather than asset appreciation.
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CRED: How to have your diversification and income too!
June 13, 2018--Investors fearful of major equity market declines often decide to include in their portfolios relatively "safe" assets such as cash and bonds so as to limit their downside. The problem with this approach is that seeking safety can be costly in terms of forgone returns, especially given today's generally low level of interest rates.
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IMF Working Papers-Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates
June 13, 2018--Summary:
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior. The BoJ's announcement was an unexpected surprise to the market and was followed by a sharp drop in equity prices of Japanese financial firms.
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18-171MR ASIC implements financial benchmark regulatory regime
June 12, 2018--ASIC has today finalised and published benchmarks rules, a significant benchmarks declaration, and a regulatory guide in a further series of measures towards establishing a comprehensive regulatory regime for financial benchmarks.
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Copper Basin Capital Launches MSCI All Country Asia Index Fund
June 12, 2018--Singapore-based investment fund manager, Copper Basin Capital Pte. Ltd., has launched an investment platform that allows investors to invest in one, some or all the 11 GICS(R) sectors comprising the MSCI All Country Asia Index (MSCI AC Asia Index).
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China eases restrictions on institutional investor programs
June 12, 2018--China said Tuesday that it would ease restrictions on foreign institutional investors in a step to open its financial market wider.
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IMF-Chart of the Week: Japan's Robots
June 12, 2018--As Japan's population ages and the birth rate is too low to sustain growth, the country is no stranger to coping with a limited number of working age people.
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Bitcoin crashed after hacker attack in South Korea
June 11, 2018--A cryptocurrency exchange hack in South Korea jolted holders of digital assets, fuelling a $46 billion sell-off and extending this year's Bitcoin slump to more than 50 per cent.
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The World's Biggest Pension Fund Struggles With Sustainability
June 10, 2018--Making environmental issues a priority has proved elusive to its active managers.
Japan's Government Pension Investment Fund has nearly $1.5 trillion in assets and a legion of external asset managers running its portfolio.
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Thailand's Economic Outlook in Six Charts
June 8, 2018--Thailand's economic outlook is improving. Growth is estimated at 3.9 percent in 2017-the fastest pace on an annual basis since 2013-but it has yet to become broad-based.
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SGX reports market statistics for May 2018
June 7, 2018--Securities daily average value (SDAV) on 31 May 2018 was the highest single day SDAV at S$3.53 billion since 31 May 2013, ahead of changes from MSCI's May 2018 semi-annual review of its equity indexes
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Solactive releases Australian Investment Grade Corporate Bond Select TR Index underlying BetaShares Australian Investment Grade Corporate Bond ETF
June 7, 2018--Solactive is pleased to announce the launch of the Solactive Australian Investment Grade Corporate Bond Select TR Index used as the basis for BetaShares Australian Investment Grade Corporate Bond ETF ("CRED"). The index seeks to replicate the performance of a portfolio of investment grade, senior corporate bonds denominated in Australian dollars (AUD).
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World Gold Council-Market Update: China's jewellery market-quietly improving
June 7, 2018--Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s. Despite this, it has endured some challenging years: jewellery market research shows demand shrank by one-third between 2013 and 2016. But 2017 saw modest growth, following a period of reinvention.
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ASX Investment Products Monthly Update-May 2018
June 7, 2018--May 2018 saw continued growth in Assets under Management in LICs (up 1.2%), Infrastructure Funds (up 1.4%) and ETPs (up 1.4%) on a month on month basis.
Total Assets under Management of all Investment Products decreased by 0.9% over the month of May 2018 due to decreases in AREITs (down 3.4%).
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Cryptocurrency Exchange Huobi Wants to Become Decentralized
June 6, 2018--Huobi, one of the biggest cryptocurrency exchanges, wants to walk the talk.
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India raises key rate for first time since 2014, retains 'neutral' stance
June 6, 2018--Growing inflation concerns prompted the Reserve Bank of India (RBI) to raise its policy rate for the first time in over four years on Wednesday, but it surprised some economists by keeping its stance "neutral" instead of changing to "tighten".
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June 2018 Indonesia Economic Quarterly: Learning more, growing faster
June 5, 2018--The Indonesian economy continued to expand at a robust pace in Q1 of 2018, lifted by strong investment. Real GDP growth edged down to 5.1 percent in Q1 2018, slightly less than the 5.2 percent in Q4 2017.
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ETFGI reports assets invested in ETFs/ETPs listed in Japan reached 311 billion US dollars at the end of April 2018
June 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Japan reached US$311.06 Bn at the end of April 2018. (All dollar values in USD unless otherwise noted.)
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IMF Working Papers-Inequality in China-Trends, Drivers and Policy Remedies
June 5, 2018--Summary:
China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008.
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China Revives Its Push to Make the Yuan Go Global
June 5, 2018--Yuan strength, rising foreign reserves give officials room
China's currency accounts for just 1.7% of global payments
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ETFGI reports ETFs and ETPs listed in Asia Pacific ex-Japan gathered net inflows of 5.29 billion US dollars during April 2018, the highest amount in two years
June 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Asia Pacific (ex-Japan) gathered US$5.29 Bn in net inflows during April 2018, the highest monthly amount in two years. Year-to-date net inflows for 2018 reached US$13.91 Bn at the end of April, compared to US$6.23 Bn in net outflows at this point last year. (All dollar values in USD unless otherwise noted.)
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BetaShares launches Australian Investment Grade Corporate Bond ETF (ASX: CRED)
June 4, 2018--BetaShares is pleased to announce the launch of the BetaShares Australian Investment Grade Corporate Bond ETF (ASX: CRED), a low cost, intelligent core portfolio building block for Fixed Income.
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Cryptocurrencies decided as future trading commodity
June 4, 2018--The Trade Ministry's Futures Exchange Supervisory Board (Bappebti) has decided cryptocurrencies would be future trading subjects or commodities at the bourse, even though Bank Indonesia (BI) does not recognize such currencies as payment instruments.
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IMF Staff Country Reports-Thailand: Selected Issues
A semi-structural model is used to simulate the impact of fiscal structural reforms on economic growth, inflation, current account balance, and public finances. Simulation results indicate that structural reforms enabling higher infrastructure investment, stronger labor participation, and more efficient taxation can raise growth significantly and contribute to addressing domestic and external imbalances.
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GDP grows 7.7% in Q4; India retains world's fastest growing economy tag At 7.7%, it is a seven-quarter high; full-year growth falls to 6.7%
June 1, 2018--Backed by government spending and investment, the economy grew at a seven-quarter high of 7.7 per cent in January-March. But this did not prevent GDP growth, at 6.7 per cent in 2017-18, from falling to its lowest rate in four years of the Narendra Modi government.
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MSCI nod gives foreign investors chance to share China's market dividends
June 1, 2018--With the inclusion of China A-shares on a key global index, a step has been made for more foreign investors to increase exposure to China's capital market and share its growth dividends.
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Dramatic surge in China carbon emissions signals climate danger
May 31, 2018--With China's CO2 pollution on the rise, is it time to panic?
China's carbon emissions growth has accelerated since the beginning of the year, leading to warnings that the country could be headed for its largest annual increase in climate pollution since 2011.
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World Bank-China Economic Update -May 2018
May 31, 2018--Key messages
Economic activity in China remains resilient, with GDP growing by 6.9 percent in 2017 and 6.8 percent in the first quarter of 2018.
While consumption continues to drive growth, investment growth has rebounded from the lows in 2017, particularly in the private sector.
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IMF Staff Completes 2018 Article IV Mission to China
May 29, 2018--China's economic growth accelerated in 2017 and is expected to weaken only slightly in 2018 to 6.6 percent and moderate gradually to about 5½ percent by 2023.
Staff welcome the authorities' strategy to more decisively shift the policy focus from high-speed to high-quality growth. This will increase the benefits of growth for the Chinese people, as well make growth more sustainable.
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IMF Working Papers-Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition
May 22, 2018--China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition to a services-driven, consumer-led economy.
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Hang Seng Indexes launches Big Bay Area Composite index
May 21, 2018--Hang Seng Indexes Company Limited ('Hang Seng Indexes') will launch the Hang Seng Stock Connect Big Bay Area Composite Index on 21 May 2018 (Monday).
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