ETFGI reports assets invested in ETFs and ETPs listed in Japan reached a new high of US$334 Bn at the end of September 2018

LONDON — November 2, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the Global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Japan reached a new high of US$334 billion, following net inflows of US$6.11 billion and market moves during September. Inflows during the month were primarily gathered by ETFs providing exposure to domestic equities, according to ETFGI’s September 2018 Japanese ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Highlights

  • Total Assets in ETFs and ETPs listed in Japan reached a record $334 Bn in September.
  • Net new assets gathered by ETFs/ETPs listed in Japan were $6.11 Bn in September.
  • Equity-based ETFs/ETPs gathered the largest net inflows, while leveraged ETFs/ETPs continued to see net outflows.

“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI. 

 At the end of September 2018, the Japanese ETF/ETP industry had 212 ETFs/ETPs, with 247 listings, assets of $334 Bn, from 19 providers listed on 2 exchanges. Following net inflows of $6.11 and market moves during the month, assets invested in ETFs/ETPs listed in Japan increased by 4.14%, from $321 Bn in August 2018 to $334 Bn.

 
Growth in Japanese ETF and ETP assets as of the end of September 2018



Equity ETFs/ETPs listed in Japan gathered net inflows of $6.97 Bn in September, bringing net inflows for 2018 to $54.17 Bn, greater than the $49.15 Bn in net inflows at this point last year. 

Fixed Income ETFs and ETPs listed in Japan gathered net inflows of $47 Mn in September, growing net inflows for 2018 to $121 Mn, greater than the $76 Mn in net outflows at this point last year.  

Commodity ETFs and ETPs listed in Japan saw net outflows of $19 Mn, bringing net outflows for 2018 to $245 Mn, greater than the $28 Mn in net outflows at this point last year.

September marked the 11th consecutive month of net inflows into ETFs/ETPs listed in Japan. Equity-based products maintained net inflows for the year, while Commodity-based products saw the 16th consecutive month of net outflows.
 
The top 20 ETFs by net new assets collectively gathered $8.20 Bn during September. The TOPIX Exchange Traded Fund (1306 JP) gathered $2.47 Bn, the largest net inflow in September. 

Top 20 ETFs by new assets September 2018: Japan
 

Name Ticker Assets
(US$ Mn)
 Sep-18
ADV
(US$ Mn)
Sep-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Sep-18
TOPIX Exchange Traded Fund 1306 JP 77,349 32 17,033 2,472
Listed Index Fund TOPIX 1308 JP 34,144 6 6,521 1,201
Nikkei 225 Exchange Traded Fund 1321 JP 55,934 70 5,543 1,194
Daiwa ETF TOPIX 1305 JP 36,915 4 8,507 1,072
Listed Index Fund 225 1330 JP 28,266 21 1,811 628
Daiwa ETF NIKKEI 225 1320 JP 25,094 16 2,200 542
MAXIS TOPIX ETF 1348 JP 9,992 2 1,829 242
NEXT FUNDS Nikkei 225 Double Inv Index ETF 1357 JP 1,113 185 (141) 165
MAXIS JPX-Nikkei Index 400 ETF 1593 JP 2,908 1 652 102
Daiwa ETF TOPIX Ex-Financials 1585 JP 337 0 320 101
NZAM ETF TOPIX Ex-Financials 1596 JP 274 0 32 100
Daiwa ETF JPX-Nikkei 400 1599 JP 1,844 0 358 63
NEXT FUNDS Tokyo Stock Exchange REIT Index ETF 1343 JP 2,737 1 157 56
Listed Index Fund JPX-Nikkei Index 400 1592 JP 1,742 0 462 45
Simplex - Nikkei Average Bear Double ETF 1360 JP 260 22 12 45
NEXT FUNDS Nikkei 225 Inverse Index ETF 1571 JP 188 4 (101) 44
Listed Index Fund J-REIT (TSX REIT) Bi-Monthly Div 1345 JP 1,994 0 688 40
MAXIS J-REIT ETF 1597 JP 1,092 0 261 32
iShares Core TOPIX ETF 1475 JP 1,886 1 884 28
NZAM ETF J-REIT Index 1595 JP 1,442 0 506 26




The Bank of Japan purchased ¥723.4 Bn in ETFs over September, bringing total holdings to ¥22.44 Tn.

BOJ ETF Purchases in ¥ Tn
 


Investors have tended to invest in core, market cap ETFs in September.
 
Please contact [email protected] if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services. 


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Attribution Policy 
The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com
 
About ETFGI 
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About Deborah Fuhr 
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. 
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. 

ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry. 
 
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016. 
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,100 members in chapters around the world. 

Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
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Email: [email protected] 
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