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Japan-Listed ETFs/ETPs Gathered Record Net Inflows In Q3 - Data
Tom Burroughes
22 October 2015
Japan-listed exchange traded funds and similar vehicles gathered a record $36.4 billion net new assets at the end of the third quarter of this year, taking in $7.5 billion during September despite the roller-coaster month for equities, according to new figures. In the first three quarters of 2015 record levels of net new assets were gathered by ETFs/ETPs listed globally, with net inflows of $250.5 billion marking a 26 per cent increase over the prior record set at this time last year. In the US net inflows reached $145.4 billion, which is 7.8 per cent higher than the prior record set in 2012, while in Europe year-to-date net inflows climbed to $61.6 billion, representing a 30 per cent increase on the record set YTD through end of September 2014. In Japan, YTD net inflows were up 143 per cent on the record set last year, standing at $36.4 billion at the end of September 2015. The Japanese ETF and ETP industry had 165 ETFs/ETPs, with 220 listings, assets of $123 billion, from 21 providers listed on two exchanges at the end of September.
The data, provided by ETFGI, is for ETFs and exchange traded products. ETFs are typically open-ended, index-based funds. ETPs are similar to ETFs in some ways, such as how they trade and settle, but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
Nomura AM gathered the largest net ETF/ETP inflows in September with $5.1 billion, followed by Mitsubishi UFJ with $837 million, and Daiwa with $760 million.