Exchange-Traded Funds Market Development in Asia-Pacific Region
This chapter comprises results of the empirical analysis of ETFs markets in the Asia-Pacific region. It provides an overview of the current state of development of ETFs markets in 12 countries. First, it presents and compares their level of development an
- PDF / 4,843,443 Bytes
- 231 Pages / 439.43 x 683.15 pts Page_size
- 47 Downloads / 159 Views
The Emergence of ETFs in Asia-Pacific
The Emergence of ETFs in Asia-Pacific
Adam Marszk • Ewa Lechman • Yasuyuki Kato
The Emergence of ETFs in Asia-Pacific
Adam Marszk Gdańsk University of Technology Gdańsk, Poland
Ewa Lechman Gdańsk University of Technology Gdańsk, Poland
Yasuyuki Kato Kyoto University Kyoto, Japan
ISBN 978-3-030-12751-0 ISBN 978-3-030-12752-7 (eBook) https://doi.org/10.1007/978-3-030-12752-7 Library of Congress Control Number: 2019933563 © Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Foreword
Ever since the first exchange-traded fund (ETF) was launched in the early 1990s, the product has set off an irrepressible wave of change across the global investment landscape. The phenomenon has of course also reached Asia—Japan welcomed its first ETF in 1995, and the market really began to soar after the emergence of ETFs on TOPIX and Nikkei 225 in 2001. Today, Japan is Asia’s leading ETF market. As of September 2018, the Tokyo Stock Exchange (TSE) hosts 223 ETFs that c ommand approximately USD 330 billion in assets under management. Over the years, we have engaged our stakeholders, from regulators to asset managers, brokerages, and investors, to build a market that today serves up a highly diverse offering. Our ETF lineup tracks not only composite equity benchmarks but also specific industries, market tiers, and even distinctive themes. We also have products on foreign equities, bonds, real estate investment trust (REITs), and commodity price indices such as gold to allow exposure to a variety of asset classes. The diversity in our ETF market is apparent, and we can now safely say that Japan has caught up in terms of asset cla
Data Loading...
