ETFGI reports ETFs and ETPs listed in Japan gathered net inflows of US$6.82 Bn during October 2018
LONDON — December 10, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Japan gathered net inflows of US$6.82 Bn during October. Following a turbulent month for financial markets, total assets invested in the Japanese ETF and ETP industry fell 6.03% during October, from US$334 Bn at the end of September, to US$314 Bn, according to ETFGI’s October 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 declined 6.03% to $314 Bn during October.
- Net new assets gathered by ETFs/ETPs listed in Japan were $6.82 Bn in October.
- Leveraged ETFs/ETPs attracted the largest net inflows, while Leveraged inverse ETFs/ETPs saw the greatest net outflows.
“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of October 2018, the Japanese ETF/ETP industry had 212 ETFs/ETPs, with 247 listings, assets of US$314 Bn, from 19 providers on 2 exchanges. Following net inflows of $6.82 Bn and market moves during the month, assets invested in ETFs/ETPs listed in Japan decreased by 6.03%, from $334 Bn at the end of September 2018, to $314 Bn.
Growth in Japanese ETF and ETP assets as of the end of October 2018
Equity ETFs/ETPs listed in Japan attracted net inflows of $3.56 Bn in October, bringing net inflows for 2018 to $57.73 Bn, greater than the $45.39 Bn in net inflows at this point last year.
Fixed Income ETFs and ETPs listed in Japan experienced net inflows of $20 Mn in October, bringing net inflows for 2018 to $141 Mn, greater than the $101 Mn in net inflows at this point last year.
September marked the 12th 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 17th consecutive month of net outflows.
The Bank of Japan purchased $7.71 Bn of ETFs/ETPs during October, bringing total assets to approximately $201 Bn.
BOJ ETF Purchases in US$ Bn
Substantial inflows during October can be attributed to the top 20 ETFs by net new assets, which collectively gathered $9.73 Bn. The NEXT FUNDS Nikkei 225 Leveraged Index ETF (1570 JP) gathered $3.57 Bn, the largest net inflow in October.
Top 20 ETFs by net new assets October 2018: Japan
|NEXT FUNDS Nikkei 225 Leveraged Index ETF||1570 JP||5,266||2,074||3,153||3,567|
|iShares Core Nikkei 225 ETF||1329 JP||6,049||7||2,311||1,845|
|TOPIX Exchange Traded Fund||1306 JP||71,524||47||17,890||857|
|MAXIS TOPIX ETF||1348 JP||9,947||3||2,645||816|
|Listed Index Fund TOPIX||1308 JP||31,867||14||7,187||665|
|Daiwa ETF TOPIX||1305 JP||34,305||6||9,070||563|
|Nikkei 225 Exchange Traded Fund||1321 JP||51,744||125||5,997||455|
|Simplex Nikkei225 Bull 2x ETF||1579 JP||318||111||151||212|
|iShares Core TOPIX ETF||1475 JP||1,915||2||1,078||194|
|Listed Index Fund TOPIX Ex-Financials||1586 JP||263||0||232||85|
|Rakuten ETF-Nikkei 225 Leveraged Index||1458 JP||127||32||83||83|
|Simplex TOPIX Bull 2x ETF||1568 JP||196||21||101||77|
|Daiwa ETF Japan Nikkei225 Leveraged Index||1365 JP||114||16||48||72|
|iShares JPX Nikkei 400 ETF||1364 JP||1,290||0||325||48|
|Daiwa ETF TOPIX High Dividend Yield 40 Index||1651 JP||120||0||77||42|
|MAXIS JPX-Nikkei Index 400 ETF||1593 JP||2,698||1||692||40|
|Listed Fund J-REIT (TSE REIT Index) Bi-Mon Div||1345 JP||2,013||1||722||35|
|NZAM ETF J-REIT Index||1595 JP||1,446||0||536||29|
|Listed Index Fund Nikkei Leveraged Index||1358 JP||37||6||21||24|
|iShares Japan REIT ETF||1476 JP||1,396||0||834||22|
Investors have tended to invest in core, market cap and lower cost ETFs in October.
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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 covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.
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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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