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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Japan reached US$311.06 Bn at the end of April 2018. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in ETFs/ETPs listed in Japan reached US$311.06 Bn at the end of April 2018
- In April 2018, ETFs and ETPs listed in Japan gathered net inflows of $968 Mn, the lowest inflows since October 2017
- April 2018 also marked the 6th consecutive month of net inflows into ETFs/ETPs listed in Japan
According to ETFGI’s April 2018 Japan ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in Japan grew by $2.61 Bn or 0.8% in April, compared to a 3.7% increase in March.
Japan ETF and ETP asset growth as at end of April 2018
At the end of April 2018, the Japanese ETF industry had 177 ETFs, with 191 listings, assets of $308.22 Bn, from 17 providers on 2 exchanges. At the end of April 2018, the Japanese ETF/ETP industry had 209 ETFs/ETPs, with 243 listings, assets of $311.06 Bn, from 19 providers on 2 exchanges.
April 2018 marked the 6th consecutive month of net inflows into ETFs/ETPs listed in Japan, with net inflows of $968 Mn that resulted in the lowest inflows gathered since October 2017.
The majority of net new inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $31.63 Bn during 2018. The TOPIX Exchange Traded Fund (1306 JP) on its own accounted for net inflows of $9.26 Bn.
Top 20 ETFs by net new assets: Japan
| Name | Ticker | Assets (US$ Mn) Apr-18 |
ADV (US$ Mn) Apr-18 |
NNA (US$ Mn) YTD 2018 |
| TOPIX Exchange Traded Fund | 1306 JP | 70,150 | 35.6 | 9,263 |
| Daiwa ETF TOPIX | 1305 JP | 33,534 | 2.0 | 4,420 |
| Nikkei 225 Exchange Traded Fund | 1321 JP | 53,345 | 44.9 | 4,140 |
| Listed Index Fund TOPIX | 1308 JP | 31,306 | 2.8 | 2,799 |
| NEXT FUNDS Nikkei 225 Leveraged Index ETF | 1570 JP | 5,848 | 1,214.3 | 2,070 |
| iShares Core Nikkei 225 ETF | 1329 JP | 4,406 | 1.1 | 1,671 |
| Daiwa ETF NIKKEI 225 | 1320 JP | 23,620 | 9.9 | 1,377 |
| Listed Index Fund 225 | 1330 JP | 27,192 | 12.7 | 1,124 |
| MAXIS TOPIX ETF | 1348 JP | 8,842 | 1.0 | 958 |
| NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund | 1591 JP | 5,643 | 1.2 | 619 |
| iShares Core TOPIX ETF | 1475 JP | 1,490 | 0.6 | 589 |
| Listed Index Fund J-REIT (TSE REIT Index) Bi-Monthly Dividend Payment | 1345 JP | 1,679 | 0.3 | 496 |
| NZAM ETF J-REIT Index | 1595 JP | 1,394 | 0.0 | 454 |
| iShares Japan REIT ETF | 1476 JP | 849 | 0.1 | 449 |
| MAXIS NIKKEI225 ETF | 1346 JP | 11,725 | 4.8 | 283 |
| MAXIS JPX-Nikkei Index 400 ETF | 1593 JP | 2,481 | 0.3 | 268 |
| TOPIX Banks Exchange Traded Fund | 1615 JP | 580 | 2.6 | 184 |
| Daiwa ETF JPX-Nikkei 400 | 1599 JP | 1,568 | 0.1 | 174 |
| Listed Index Fund JPX-Nikkei Index 400 | 1592 JP | 1,437 | 0.1 | 161 |
| NEXT FUNDS Tokyo Stock Exchange REIT Index ETF | 1343 JP | 2,740 | 1.0 | 134 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Equity ETFs/ETPs listed in Japan gathered net inflows of $2.98 Bn during April, bringing net inflows for 2018 to $30.06 Bn, which is more than the $26.51 Bn in net inflows at this point last year. Leveraged ETFs and ETPs experienced outflows of $1.69 Bn during April, decreasing net inflows for 2018 to $2.12 Bn, which is more than the $212 Mn in net inflows at this point last year.
Investors have tended to invest in core and market cap ETFs in April 2018, with the TOPIX Exchange Traded Fund (1306 JP) and Nikkei 225 Exchange Traded Fund (1321 JP) capturing most of the flows YTD.
