Exchange-traded funds and products (ETFs/ETPs) in the Asia-Pacific region excluding Japan gained a net $7 billion in the first quarter of the year.
According to ETFGI, a consultancy which provided the data, the net gain is a record and means there is now $121 billion invested in ETFs and ETPs in the region.
The total is spread across 824 funds and products listed on 18 exchanges in 14 countries. Among the 114 providers of the products, CSOP/China Southern gained the biggest net inflow in the first quarter, with $1.2 billion.
Yuanta came second with a net quarterly inflow of $906 million followed by HSBC/Hang Seng with $848 million.
Although the ETF/ETP market in the Asia-Pacific region is growing steadily, it is smaller than the market for such products in Europe and the US.
However, a number of international companies are launching products in the region in the hope of gaining from future growth. Amundi recently launched its first Asia-listed ETF and Bank of Montreal Global Asset Management recently added to its Hong Kong-listed ETF range.
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