Press Release

LONDON — August 18, 2025 — ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the ETFs industry in Asia Pacific (ex-Japan) hit a new record of US$1.41 Tn at the end of July. During July the ETFs industry in Asia Pacific (ex-Japan) gathered net inflows of US$28.54 billion, bringing YTD net inflows to US$142.83 Bn, according to ETFGI’s July 2025 Asia Pacific (ex-Japan) ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

 

Asia Pacific (ex-Japan) ETF Industry – July 2025 Highlights

• Record AUM: Assets invested in ETFs in the Asia Pacific (ex-Japan) region reached a new high of $1.41 trillion at the end of July 2025, surpassing the previous record of $1.37 trillion set in June 2025.
• Strong YTD Growth: Assets have grown 22.7% year-to-date, rising from $1.15 trillion at the end of 2024 to $1.41 trillion.
• July Net Inflows: The industry recorded $28.54 billion in net inflows during July 2025.
• YTD Net Inflows: Year-to-date net inflows stand at $142.83 billion, marking the second-highest on record.
  • The highest YTD net inflows were $191.13 billion in 2024.
  • The third highest were $72.63 billion in 2022.
• 12-Month Net Inflows: A total of $298.52 billion in net inflows has been gathered over the past 12 months.
• Consistent Momentum: July marks the fifth consecutive month of net inflows.
• Equity Focus: Equity ETFs and ETPs listed in the region attracted $5.09 billion in net inflows during July.

 

The S&P 500 Index rose by 2.24% in July, bringing its year-to-date gain to 8.59%. In contrast, developed markets excluding the US declined by 0.71% during the month, though they remain up 19.44% for the year. Denmark and the Netherlands experienced the largest monthly drops among developed markets, falling by 13.90% and 5.78%, respectively. Emerging markets posted a 1.63% increase in July and are up 13.22% year-to-date, with Thailand and the United Arab Emirates leading the gains, rising by 14.13% and 8.41%, respectively, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Growth in assets in the ETFs industry in Asia Pacific (ex-Japan) as of the end of July

 

 

 

 

The ETFs industry in Asia Pacific (ex-Japan) had 4,028 ETFs, with 4,244 listings, assets of US$1.41 Tn, from 284 providers on 21 exchanges in 15 countries at the end of July.

ETF Net flows – July 2025 Breakdown

Total Net Inflows: ETFs in Asia Pacific (ex-Japan) recorded $28.54 billion in net inflows during July.

 

Equity ETFs:

July net inflows: $5.09 billion

YTD net inflows: $61.75 billion, down from $137.86 billion at the same point in 2024.

 

Fixed Income ETFs:

July net inflows: $22.12 billion

YTD net inflows: $52.17 billion, up from $37.90 billion by end-July 2024.

 

Commodities ETFs:

July net inflows: $62.97 million

YTD net inflows: $12.13 billion, significantly higher than $3.87 billion YTD in 2024.

 

Active ETFs:

July net inflows: $2.98 billion

YTD net inflows: $15.79 billion, up from $10.30 billion YTD in 2024.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $25.14 Bn during July. ChinaAMC CSI AAA Sci-Tech Innovation Corporate Bond ETF (551550 CH) gathered $2.13 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets in July 2025: Asia Pacific (ex-Japan)

Name	Ticker	Assets ($ Mn) Jul-25	NNA ($ Mn)  YTD-25	NNA ($ Mn) Jul-25
ChinaAMC CSI AAA Sci-Tech Innovation Corporate Bond ETF	551550 CH	2,124.92	2,134.14	2,134.14
Harvest CSI AAA Sci-Tech Innovation Corporate Bond ETF	159600 CH	2,055.29	2,055.29	2,055.29
Fullgoal CSI AAA Sci-Tech Innovation Corporate Bond ETF	159200 CH	2,047.36	2,047.36	2,047.36
Penghua SSE AAA Sci-Tech Innovation Corporate Bond ETF	551030 CH	1,875.95	1,884.28	1,884.28
E FundSI Hong Kong Securities Investment Theme ETF	513090 CH	3,177.00	1,471.04	1,547.73
E Fund CSI AAA Sci-Tech Innovation Corporate Bond ETF	551500 CH	1,504.26	1,508.92	1,508.92
Fullgoal CSI Hong Kong Connect Internet ETF	159792 CH	8,465.85	4,053.50	1,494.19
China Merchants CSI AAA Sci-Tech Innovation Corporate Bond ETF	551900 CH	1,469.10	1,476.70	1,476.70
China Southern CSI AAA Sci-Tech Innovation Corporate Bond ETF	159700 CH	1,455.54	1,455.54	1,455.54
Bosera SSE AAA Sci Tech Innovation Corporate Bond ETF	551000 CH	1,328.09	1,335.06	1,335.06
Bosera SSE 30-Year China Treasury Bond ETF	511130 CH	2,142.27	1,728.97	1,146.24
GF CSI HK Connect Financials ex Banks Thematic ETF	513750 CH	1,764.69	1,501.42	1,036.13
Pengyang ChinaBond 30-year Treasury Bond ETF	511090 CH	3,233.66	2,388.14	1,032.67
Bosera CSI Convertible Bond and Exchangeable Bond ETF	511380 CH	6,274.96	453.16	1,018.52
GF SSE AAA Sci-Tech Innovation Corporate Bond ETF	511120 CH	776.46	779.42	779.42
Hwabao CSI Fintech Theme ETF	159851 CH	1,158.47	842.68	760.10
iShares Core MSCI Asia ex Japan ETF	3010 HK	3,680.18	1,203.04	747.36
iShares Hang Seng TECH ETF	3067 HK	2,738.08	1,365.48	733.28
China Southern S and P China A-share Large Cap Dividend Low Volatility 50 ETF	515450 CH	1,837.75	1,121.95	481.30
Yuanta/P-shares Taiwan Dividend Plus ETF	0056 TT	16,187.41	4,196.94	468.90

 

 

The top 10 ETPs by net new assets collectively gathered $230.35 Mn during July. MiraeAsset Securities MiraeAsset CAPE Shiller US Core Sector ETN 104 (520089 KS) gathered $36.44 Mn, the largest individual net inflow.

 

Top 10 ETPs by net inflows in July 2025: Asia Pacific (ex-Japan)

Name	Ticker	Assets ($ Mn)  Jul-25	NNA ($ Mn)  YTD-25	NNA ($ Mn) Jul-25
MiraeAsset Securities MiraeAsset CAPE Shiller US Core Sector ETN 104	520089 KS	36.44	36.44	36.44
MiraeAsset Securities MiraeAsset Inverse Natural Gas Futures ETN 106 B	520091 KS	32.77	32.77	32.77
Global X Physical Silver Structured	ETPMAG AU	415.60	116.42	26.01
MiraeAsset Securities MiraeAsset Natural Gas Futures ETN 105 B	520090 KS	25.96	25.96	25.96
Samsung Securities Samsung S&P500 VIX S/T Futures ETN B 130	530130 KS	38.19	39.92	25.46
Samsung Securities Samsung iSelect Leverage Shipbuilding TOP10 TR ETN 140	530140 KS	22.11	22.11	22.11
Global X Physical Gold Structured	GOLD AU	2,944.43	236.38	17.20
KB Securities KB Leverage Secondary Battery TOP 10 TR ETN 70	580070 KS	15.61	15.61	15.61
Samsung Securities Samsung KRX Leverage Secondary Battery TOP10 TR ETN 138	530138 KS	15.61	15.61	15.61
Kiwoom Securities Kiwoom Leverage Shipbuilding TOP10 ETN 17	760016 KS	46.14	13.18	13.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investors have tended to invest in Fixed Income ETFs/ETPs during July.

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

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Register now to attend our 6th Annual ETFGI Global ETFs Insights Summit – Asia Pacific on September 3rd in Hong Kong, and virtually on September 4th.

Don’t miss the opportunity to hear from and network with industry leaders from ETF issuers, regulators, investors, exchanges, trading firms across the ETFs markets in the Asia Pacific region as they share key insights and explore the trends driving the future of the ETF landscape.
 

AGENDA – Day 1 
📍Sept 3rd – Centricity – Concentric 2/F, Landmark Chater House, 8 Connaught Rd Central, Hong Kong 
 

Registration and Networking Coffee and Tea 

Welcome Remarks by Deborah Fuhr, Managing Partner, Founder, ETFGI

Trends in the Global ETF Industry – ETFGI Research  
Speaker: Deborah Fuhr, Managing Partner, Founder, ETFGI

Fireside Chat – Regulatory Update 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Trevor Lee, Senior Director, Investment Products Division, Securities and Futures Commission

Global Macro Outlook
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI     
Marcella Chow, Executive Director, Global Market Strategist, J.P. Morgan Asset Management

Innovation, Growth and Changing Demographics: The ETF Story in APAC 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Melody He, Deputy CEO & Chief Business Officer, CSOP Asset Management Limited
Ahmed Ibrahim, Head of ETF Product, APAC, State Street
Ms. Rosita Lee, Director and CEO, Hang Seng Investment Management
Nicholas Peach, Head of APAC iShares, BlackRock Asset Management

How Investors Are Using ETFs in Hong Kong, Taiwan and China
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI     
Angela Lan, Senior Strategist, Investment Strategy & Research, State Street Investment Management
Andy Liao, CFA, CFP, Regional Manager, Asia, ViewTrade Securities Inc
Archit Parakh, Group Head of Risk & Head of Investments HK, Syfe
Gregory Van, Co-Founder and Chief Executive Officer, Endowus
Aaron Yang, Executive Director, Business Strategy, CSOP Asset Management Limited

The Rise of Active ETFs in Asia Pacific
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Philippe El-Asmar, Managing Director, APAC Head of ETF, Direct & Digital, J.P. Morgan Asset Management 
Robinson Rouchié, Chief Investment Officer – Systematic & Quantitative Investments, BNP Paribas Asset Management

Accessing India
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Rohit Kumar, Head of Business Development, Indices and Market Data, NSE Indices Ltd., NSE Data & Analytics Ltd.

Networking Lunch

Opportunities for Covered Call, Defined Outcome & Alternative ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI     
Rebecca Sin, Head of Asia-Pacific Funds, Bloomberg Intelligence, Bloomberg
Pinky Siu, Partner, Financial Services, Deacons
David Tsoi, CFA, CAIA, FRM, CESGA, CAMS, Head of Index Research, APAC, Index Research & Development, Nasdaq

Understanding the Evolving Landscape of ETFs in China
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI     
Bing Fan, CIO (Global Index), E Fund Management (Hong Kong)
Zhongyi Jin, Representative, Shanghai Stock Exchange
Sandra Lu, Partner, Llinks Law Offices

Understanding the Changing Fundamentals in Vietnam
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI   
Wanming Du, Director, Index Policy, APAC, FTSE Russell
Will Ross, Chief Marketing Distribution Officer (CMDO), Dragon Capital Vietfund Management

Outlook for Asset Management and ETFs Industry in Asia Pacific – What’s Next?  
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI     
Justin Christopher, Managing Director, Head of Asia, Calastone
Ashutosh Singh, MD & CEO, BSE Index Services Pvt. Ltd.

Closing Remarks by Deborah Fuhr, Managing Partner, Founder, ETFGI

Networking Drinks hosted by State Street 

AGENDA – Day 2 
📍Sept 4th – Virtual Sessions 

Welcome Remarks by Margareta Hricova, Managing Director, ETFGI

The Evolution and Outlook for ETFs in Australia  
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Rory Cunningham, Senior Manager, Investment Products, Listings., ASX Limited
Adam DeSanctis, CFA, Head of ETF Capital Markets, Vanguard Australia 
Blair Hannon, Head of ETF ANZ, Macquarie Asset Management 
Morgan Potter, Managing Director, Nine Mile

Regulatory Update for India 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Manswini Mahapatra, Chief General Manager, Investment Management Department, SEBI, Securities And Exchange Board Of India (SEBI)

The Evolution and Outlook for ETFs in India
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI    
Anil Ghelani, CFA, Head of Passive Investments & Products, DSP Asset Managers – India 
Koel Ghosh, Executive Director, MSCI 
Divaspati Singh, Partner, Khaitan and Co

The Evolution and Outlook for ETFs in Singapore  
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI    
Wei Chin Kang, Director, Securities Trading, ETFs, SGX  
Paul Lin Zikai, Head of Asia ETF Business Development, Nikko AM
Ivan Wong, Head of Institutional iShares Distribution, Southeast Asia, BlackRock

The Evolution and Outlook for ETFs in Korea 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI    
Jason JW Jung, Head of Synthetic Service, Meritz Securities co,.ltd 
Nathan (Namki) Kim, Chief Officer, Head of ETF Management Business Unit, Mirae Asset Global Investments Co., Ltd 
Chansik Park, Head of Institutional Sales, Korea, Optiver Trading Hong Kong
John Donghoon Shin, Head of Index Business, Korea Exchange

The Evolution and Outlook for ETFs in Pakistan 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI    
Farrukh H. Sabzwari, CEO, Pakistan Stock Exchange

The Evolution and Outlook for ETFs in Malaysia 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Lim Hui Mei, Assistant Vice President, Wholesale Product Coverage, Bursa Malaysia
Wong Wai Ken, Country Manager, Malaysia, StashAway

The Evolution and Outlook for ETFs in Thailand
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Tim Niranvichaiya, CFA, Managing Director, Thailand, StashAway

The Evolution and Outlook for ETFs in Japan 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Kei Okazaki, Head of ETF Secondary Trading, Tokyo Stock Exchange
Sho Shibamoto, ETF Business Development, Amova Asset Management

Closing Remarks by Margareta Hricova, Managing Director, ETFGI 

 

The summit is designed as an educational event to foster deep, insightful discussions on the evolving role of ETFs including Active and virtual assets for financial advisors and institutional investors in the ETF markets in the Asia-Pacific region. Explore how market structure, regulations, due diligence, trading practices, and technological advancements are shaping ETF product development, usage, and innovation across jurisdictions.

Secure your spot today and be part of the conversation shaping the future of ETFs in Asia-Pacific! Register now!

📅 Event Dates: September 3rd in Hong Kong and September 4th virtually
📍 Location: Centricity – Concentric, 2/F, Landmark Chater House, 8 Connaught Rd Central, Central, Hong Kong
🆓 Free Registration: For CFA members, Hong Kong Securities and Investment Institute, buy-side institutional investors, and financial advisors.
 CPD Credits: Earn educational credits
📋Check out the agenda, speakers, and topics from last year’s successful ETFGI Global ETFs Insights Summits – Asia Pacific: https://bit.ly/47GyfE1

Upcoming 2025 ETFGI Global ETFs Insights Summits schedule: 6th Annual – Middle East/GCC at ADGM in Abu Dhabi on October 7. Register now. 6th Annual – United States in New York on November 5 at The Yale Club. Register now. 7th Annual – Canada – Join us to Celebrate 35 Years of ETFs in Canada at 7th Annual – Canada 2025 at Borden Ladner Gervais LLP (BLG)’s office on Dec 9th in Toronto! Register now.

ETFGI (www.ETFGI.com) is a leading independent firm which has for over 13 years provided subscription research services providing monthly reports covering trends in the global ETFs ecosystem, factsheets on all ETFs and ETPs listed globally, consulting services, ETF TV (www.ETFtv.net) and our Annual ETFGI Global ETFs Insights Summit educational events.

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Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

Connect on:
Deborah Fuhr Twitter | LinkedIn 
ETFGI Twitter | LinkedIn | Website
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Women in ETFs Twitter | LinkedIn | Website

 

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