BNY sees uplift for ETF appetite in Asia


BNY Mellon Asset Servicing noted a marked uplift in appetite for ETFs in Asia in 2010.  Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing, observed that more managers are creating locally domiciled exchange-traded funds or ETFs to capture regional exposure in markets such as China.

 “The tide of money moving from west to east has gathered pace over the last two years with managers drawn to Asia’s strong growth forecasts and sunny economic outlook compared with that in Europe or the US,” observed Leow.

According to Leow, while ETFs are a relatively new concept in Asia, they are seeing a greater acceptance of ETFs into manager’s core portfolios who are recognising that they are the fastest and easiest way to get exposure in developing and emerging markets.

“In 2011, we expect to see many more locally domiciled ETFs to launch in Asia and as one of the leading ETF administrators in the world, we are well-placed to advise on these complex instruments as they emerge,” Leow said.

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