Japan listed exchange traded funds and exchange traded products gathered net inflows of US$2.48 billion in February 2016, according to data from ETFGI’s February 2016 global ETF and ETP industry insights report.

In the first two months of 2016 ETFs/ETPs listed in Japan have gathered a record level of US$9.24 billion. ETFs/ETPs listed in Japan have gathered net inflows for 3 consecutive months.

The ETF industry in Japan 170 ETFs/ETPs, with 225 listings, assets of US$131 billion, from 21 providers on listed 2 exchanges at the end of February 2016.

Deborah Fuhr, managing partner at ETFGI, said February was another volatile month for equity markets.

“The S&P 500 closed the month down 0.13%,” Fuhr said. “Despite recent uncertainty, emerging markets gain 0.31% in February, while developed markets outside of the U.S. declined 1%.”

Eqquity ETFs/ETPs gathered the largest net inflows with US$2.51 billion in February, followed by commodity ETFs/ETPs with US$108 million, and fixed income ETFs/ETPs with US$5 million.

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Nomura AM gathered the largest net ETF/ETP inflows in February with US$1.47 billion, followed by Nikko AM with US$693 Mn and Daiwa with US$391 million net inflows.

YTD, Nomura AM gathered the largest net ETF/ETP inflows YTD with US$5.68 billion, followed by Nikko AM with US$1.68 billion and Daiwa with US$852 million net inflows.

Nikkei has the largest amount of ETF/ETP assets tracking its benchmarks reflecting 56.4% market share; TSE is second with 40.6% market share, followed by Nomura with 0.8% market share.