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.)
- 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
|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.
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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.
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