ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Japan saw net outflows of US$949 million in November, bringing year-to-date net inflows to US$35.74 billion. Assets invested in the Japanese ETF/ETP industry have increased slightly, from US$391.87 billion at the end of October to a record US$391.89 billion, according to ETFGI's November 2019 Japanese ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
At the end of November 2019, the Japan ETFs/ETPs industry had 224 ETFs/ETPs, with 259 listings, from 19 providers on 2 exchanges.
Highlights
- Assets invested in the Japanese ETF/ETP industry hit a new record of $391.89 billion.
- YTD the Bank of Japan has purchased $38 Bn in ETFs/ETPs and reports holding $255 Bn in ETFs/ETPs.
- Year-to-date net inflows of $35.74 billion are the 4thhighest behind November 2015 with $39.52 billion
- Assets invested in the Japanese ETF/ETP industry increased for 6 consecutive months.
“During November the S&P 500 gained 3.6% as global markets were resistant to fears of inflation and showed optimism on the trade talks. Global equities as measured by the S&P Global BMI were up 2.5% and the
S&P Emerging BMI gained 0.1%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Japan ETF and ETP asset growth as at the end of November 2019
Leveraged/Inverse ETFs/ETPs listed in Japan had net inflows of $306 million in November, bringing inflows for the year to November 2019 to $2.84 billion, greater than the $741 million in net outflows leveraged/Inverse products had in the year to November 2018. Alternative ETFs/ETPs listed in Japan had net inflows of $78 million in November, bringing inflows for the year to November 2019 to $335 million, higher than the $71 million in net outflows Alternative products had in the year to November 2018. Equity ETFs/ETPs listed in Japan saw net outflows of $1.14 billion in November 2019, bringing net inflows for the year to November 2019 to $36.37 billion, substantially less than the $61.73 billion in net inflows equity products had attracted in the year to November 2018.
At the end of November 2019, the Bank of Japan held ETF/ETP assets of $255 Bn. During November 2019, the Bank of Japan purchased ETF/ETP assets to the value of $1 Bn and YTD $38 Bn.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $1.74 billion in November, the MAXIS NIKKEI225 ETF (1346 JP) gathered $436.84 million alone.
Top 20 ETFs by net new assets November 2019: Japan
Name |
Ticker |
Assets |
NNA |
NNA |
MAXIS NIKKEI225 ETF |
1346 JP |
13,613.86 |
(71.93) |
436.84 |
NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund |
1357 JP |
2,428.47 |
2,209.10 |
234.38 |
NEXT FUNDS Tokyo Stock Exchange REIT Index ETF |
1343 JP |
3,514.02 |
139.35 |
119.71 |
SMDAM REIT Index ETF |
1398 JP |
931.31 |
294.88 |
98.70 |
Daiwa ETF Tokyo Stock Exchange REIT Index |
1488 JP |
1,116.76 |
323.16 |
98.60 |
Nikkei 225 Exchange Traded Fund |
1321 JP |
57,542.82 |
(675.75) |
94.49 |
Listed Index Fund J-REIT (Tokyo Stock Exchange REIT Index) Bi-Monthly Dividend Payment Type |
1345 JP |
2,484.30 |
(51.84) |
89.81 |
Kokusai S&P500 VIX Short-Term Futures Index ETF |
1552 JP |
291.37 |
335.92 |
78.13 |
MAXIS J-REIT ETF |
1597 JP |
1,503.10 |
(18.90) |
71.71 |
One ETF Tokyo Stock Exchange REIT Index |
2556 JP |
238.75 |
235.99 |
64.44 |
iShares Japan REIT ETF |
1476 JP |
2,433.26 |
584.45 |
62.64 |
NZAM ETF Nikkei 225 |
2525 JP |
592.90 |
537.96 |
59.31 |
MAXIS JPX-Nikkei Index 400 ETF |
1593 JP |
3,827.15 |
735.14 |
43.26 |
Listed Index Fund JPX-Nikkei Index 400 |
1592 JP |
2,020.94 |
247.04 |
41.41 |
One ETF JPX-Nikkei 400 |
1474 JP |
1,342.55 |
244.26 |
29.48 |
Rakuten ETF-Nikkei 225 Double Inverse Index |
1459 JP |
221.29 |
187.47 |
29.04 |
Simplex - Nikkei Average Bear Double Exchange Trade Fund |
1360 JP |
381.23 |
292.81 |
28.63 |
NZAM ETF J-REIT Core Index |
2527 JP |
319.34 |
278.92 |
23.83 |
iShares USD Investment Grade Corporate Bond JPY Hedged ETF |
1496 JP |
154.20 |
58.29 |
20.74 |
NZAM ETF J-REIT Index |
1595 JP |
2,058.08 |
155.93 |
18.29 |
Investors have tended to invest in Leveraged/Inverse and Alternative ETFs/ETPs in November.