The ETFs industry in the Asia Pacific region (excluding Japan) reached a new milestone, with assets under management hitting a record $979.28 billion at the end of July 2024, according to ETF research firm ETFGI.
According to the data, this surpassed the previous record of $924.01 billion set just a month earlier in June.
July saw significant growth, with the industry gathering net inflows of $48.96 billion, contributing to year-to-date (YTD) net inflows of $191.13 billion. This marked the highest YTD net inflows on record, dwarfing previous highs of $72.63 billion in 2022 and $70.24 billion in 2023.
This growth represents the 37th consecutive month of net inflows for the Asia Pacific (ex-Japan) ETFs industry. The region’s ETF market now boasts 3,474 products, 3,664 listings, and assets nearing the $1 trillion mark, offered by 254 providers across 21 exchanges in 15 countries.
Equity ETFs were the primary driver of inflows, attracting $35.83 billion in July alone, bringing YTD net inflows to $138.23 billion—significantly higher than the $45.66 billion recorded in the same period last year. Fixed income ETFs also performed strongly, with $7.05 billion in net inflows during July, bringing their YTD total to $37.88 billion, more than double the $16.44 billion recorded in 2023.
Commodities ETFs saw more modest growth, reporting net inflows of $480.63 million in July, leading to YTD net inflows of $3.87 billion. Active ETFs continued to gain traction, with $4.88 billion in net inflows for the month, bringing the YTD total to $10.03 billion, up from $6.67 billion in 2023.
