ETFGI reports that ETFs and ETPs listed in Japan gathered net inflows of US$9.00 billion during December 2018

Press release

 

LONDON — January 30, 2019 — ETFGI, a leading independent research and consultancy firm on trends in the Japanese ETF/ETP ecosystem, reported today that that ETFs and ETPs listed in Japan gathered net new assets of US$9.00 billion during December 2018, marking 14 consecutive months of net inflows. Year-to-date, for the whole of 2018, ETFs/ETPs listed in Japan have seen record net inflows of US$72.4 billion, surpassing the previous record for annual net inflows set in 2017 with US$52.6 billion. (All dollar values in USD unless otherwise noted.)

 

Highlights

 

  • ETFs and ETPs listed in Japan gathered net new assets of $9.00 Bn during December 2018, marking 14 consecutive months of net inflows.
  • Yearto-date, for the whole of 2018, ETFs/ETPs listed in Japan have seen record net inflows of $72.4 Bn.
  • Assets invested in ETFs/ETPs listed in Japan decreased by 4.0% over the month, from $321 Bn at the end of November to $308 Bn at the end of December 2018.

 

According to ETFGI’s December 2018 Japan ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in Japan have decreased by 4.0% over the month, from $321 Bn at the end of November to $308 Bn at the end of December 2018. Year-to-date, assets have increased by 11.6% from $276 Bn at the end of 2017. At the end of December 2018, the Japanese ETF/ETP industry had 212 ETFs/ETPs, with 247 listings, from 19 providers on 2 exchanges.

 

“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018. Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.

 

Japan ETF and ETP asset growth as at end of December 2018

 

 

Equity ETFs/ETPs gathered the largest net inflows in December 2018 with $8.29 Bn, followed by leveraged ETFs/ETPs with $1.17 Bn, while leveraged inverse ETFs/ETPs experienced the largest net outflows with $399 Mn. Similarly, for the whole of 2018, equity ETFs/ETPs gathered the largest net inflows with $70.0 Bn, followed by leveraged ETFs/ETPs with $3.91 Bn, while leveraged inverse ETFs/ETPs experienced the largest net outflows with $1.14 Bn.

 

The bank of Japan purchased $7.05 Bn of ETF assets during December, bringing total ETF purchases to approximately $212 bn.

 

Growth in BOJ ETF and ETP assets

 

A high proportion of net inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $100 Bn. The TOPIX Exchange Traded Fund (1306 JP) on its own accounted for net inflows of $2.17 Bn.

 

Top 20 ETFs/ETPs by net inflows during December 2018: Japan

 

Name

Ticker

Assets
(US$ Mn)
 Dec-18

NNA
(US$ Mn)
2018

NNA
(US$ Mn)
Dec-18

TOPIX Exchange Traded Fund

1306 JP

71,167

22,288

2,166

Daiwa ETF TOPIX

1305 JP

34,176

11,166

1,355

Listed Index Fund TOPIX

1308 JP

31,765

9,198

1,264

Nikkei 225 Exchange Traded Fund

1321 JP

50,018

7,319

1,210

NEXT FUNDS Nikkei 225 Leveraged Index ETF

1570 JP

5,317

3,902

1,002

Daiwa ETF NIKKEI 225

1320 JP

22,371

2,899

674

MAXIS TOPIX ETF

1348 JP

9,331

2,648

452

MAXIS NIKKEI225 ETF

1346 JP

11,758

1,275

368

Listed Index Fund 225

1330 JP

23,835

1,105

258

One ETF Nikkei 225

1369 JP

3,162

570

202

NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund

1591 JP

5,783

1,639

122

One ETF TOPIX

1473 JP

1,294

469

78

Simplex Nikkei225 Bull 2x ETF

1579 JP

334

214

70

MAXIS JPX-Nikkei Index 400 ETF

1593 JP

2,640

807

63

Listed Index Fund JPX-Nikkei Index 400

1592 JP

1,527

489

57

MAXIS J-REIT ETF

1597 JP

1,208

332

57

iShares Core TOPIX ETF

1475 JP

1,863

1,149

55

Daiwa ETF JPX-Nikkei 400

1599 JP

1,581

358

44

iShares Japan REIT ETF

1476 JP

1,449

824

42

Rakuten ETF-Nikkei 225 Leveraged Index

1458 JP

129

103

33

 

 

Investors tended to invest in core fixed income and equity, emerging markets, market cap and lower cost ETFs in December.

 

Please contact [email protected] if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.

 

###

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 covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com
 
About ETFGI 
ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI.  Our services are unique in their breadth and depth of coverage in  monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more. 

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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” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 4,500 members, including women and men, in chapters in major financial centres around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com


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