Asia Pacific ETF Playbook

11.15.2019

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*Landscape data is represented by Country ETFs with a broad-based designation that do not utilize leverage

Asia Pacific Landscape

-$5,000

-$4,000

-$3,000

-$2,000

-$1,000

$0

$1,000

$2,000

Nov

embe

r-18

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Febr

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Mar

ch-1

9

Apr

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TTM Flows by Country (millions of $)

Australia Hong Kong Japan New Zealand Singapore China India Indonesia Malaysia Philippines South Korea Taiwan Thailand Vietnam

# of ETFsAUM(MM)

1 Wk Flows(MM)

3 Mo Flows(MM)

6 Mo Flows(MM)

1 Yr Flows(MM)

Australia 4 $1,726 $180 $251 $272 $414Hong Kong 4 $1,655 $0 $280 -$707 -$824Japan 21 $22,914 $216 $197 -$1,008 -$6,795New Zealand 1 $183 $18 -$13 $23 $20Singapore 1 $538 $0 -$49 -$59 -$26China 24 $12,775 $113 -$31 -$2,269 -$68India 9 $7,619 $30 -$105 $166 -$31Indonesia 2 $520 $19 $98 $38 $58Malaysia 1 $509 $9 $102 $62 -$10Philippines 1 $244 $5 $25 $29 $87South Korea 5 $4,391 $0 $13 -$340 $636Taiwan 2 $3,233 $20 $186 -$260 -$735Thailand 1 $506 $4 $41 $116 $35Vietnam 1 $461 $0 -$16 $38 $105

$1,726$1,655

$22,914

$183$538

$12,775

$7,619

$520$509

$244

$4,391

$3,233

$506 $461

Asia Pacific AUM

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-5%

-3%

-1%

1%

3%

5%

7%

9%

0% 5% 10% 15% 20%

One Month Dispersion Performance

Correlation to Developed Asia (IPAC)

*30 day volatility annualized

Beta

Tracker1 Wk 1 Mo 3 Mo 6 Mo YTD 1 Yr

Developed Asia IPAC -0.60% 3.07% 10.72% 9.37% 17.84% 11.66%

Australia EWA 0.18% 2.56% 8.57% 8.72% 20.91% 15.39%

Hong Kong EWH -5.11% 1.87% 3.13% -6.27% 5.57% 5.79%

Japan EWJ -0.23% 3.53% 13.11% 12.41% 19.02% 11.23%

New Zealand ENZL 1.46% 0.80% 1.70% 4.33% 17.64% 14.98%

Singapore EWS -0.36% 4.80% 8.45% 5.18% 13.70% 13.46%

Emerging Asia EEMA -1.45% 3.04% 11.71% 5.10% 11.50% 8.29%

China MCHI -3.21% 1.16% 8.91% 0.33% 13.16% 6.61%

India INDA -0.73% 3.33% 7.89% 3.86% 3.43% 8.15%

Indonesia EIDO -1.07% 1.10% 1.39% 8.76% 1.88% 4.30%

Malaysia EWM -1.35% 2.34% 2.78% 1.01% -2.79% -3.21%

Philippines EPHE -1.35% 2.77% 7.06% 7.77% 11.15% 19.42%

South Korea EWY 0.72% 5.83% 19.59% 8.42% 4.55% 2.89%

Taiwan EWT -1.00% 4.94% 17.95% 16.84% 25.74% 21.66%

Thailand THD -2.01% -1.16% 2.96% 1.36% 8.44% 4.35%

Vietnam VNM -0.96% 1.23% 6.61% -1.08% 11.53% 8.89%

D

E

0.0 0

0.2 5

0.5 0

0.7 5

1.0 0

1 Mo 3 Mo 1 Yr

0.0 0

0.2 5

0.5 0

0.7 5

1.0 0

1 Mo 3 Mo 1 Yr

Correlation to Emerging Asia (EEMA)

Asia Pacific Dynamics

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-15%-10%-5%0%5%10%15%

$47 $49 $51 $53 $55 $57 $59 $61

Nov

-18

Dec

-18

Jan-

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Mar

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May

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Jun-

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Aug

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Developed Asia

-15%-10%-5%0%5%10%15%

$18 $19 $20 $21 $22 $23 $24

Nov

-18

Dec

-18

Jan-

19Fe

b-19

Mar

-19

Apr

-19

May

-19

Jun-

19Ju

l-19

Aug

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9

Australia

-5%0%5%10%15%20%25%

$21 $22 $23 $24 $25 $26 $27 $28

Nov

-18

Dec

-18

Jan-

19Fe

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Mar

-19

Apr

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May

-19

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Hong Kong

-15%-10%-5%0%5%10%15%

$47

$52

$57

$62

Nov

-18

Dec

-18

Jan-

19Fe

b-19

Mar

-19

Apr

-19

May

-19

Jun-

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l-19

Aug

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ct-1

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Japan

-10%-5%0%5%10%15%20%

$44 $46 $48 $50 $52 $54 $56 $58

Nov

-18

Dec

-18

Jan-

19Fe

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Mar

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Apr

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May

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Jun-

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Aug

-19

Sep-

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ct-1

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9

New Zealand

-10%-5%0%5%10%15%

$55

$60

$65

$70

$75

Nov

-18

Dec

-18

Jan-

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Mar

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Apr

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May

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Aug

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Emerging Asia

-15%-10%-5%0%5%10%15%20%

$50

$55

$60

$65

$70

Nov

-18

Dec

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Jan-

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Mar

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Apr

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May

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China

-15%-10%-5%0%5%10%15%20%

$20

$22

$24

$26

$28

Nov

-18

Dec

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Jan-

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Mar

-19

Apr

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May

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Indonesia

-15%

-10%

-5%

0%

5%

$26

$28

$30

$32

$34

Nov

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Malaysia

0%5%10%15%20%25%30%

$25 $27 $29 $31 $33 $35 $37

Nov

-18

Dec

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Jan-

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Mar

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Apr

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May

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Philippines

-20%-15%-10%-5%0%5%10%

$54 $57 $60 $63 $66 $69 $72 $75

Nov

-18

Dec

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Jan-

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Mar

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Apr

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May

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South Korea

-15%-10%-5%0%5%10%15%20%25%

$30 $32 $34 $36 $38 $40 $42

Nov

-18

Dec

-18

Jan-

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Mar

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Apr

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Taiwan

-10%-5%0%5%10%15%

$80

$85

$90

$95

$100

Nov

-18

Dec

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Jan-

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Apr

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Thailand

-10%-5%0%5%10%15%20%

$14 $15 $15 $16 $16 $17 $17 $18

Nov

-18

Dec

-18

Jan-

19Fe

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Mar

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Apr

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May

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Vietnam

-5%

0%

5%

10%

15%

$20 $21 $22 $23 $24 $25 $26 $27

Nov

-18

Dec

-18

Jan-

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Mar

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Apr

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May

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Jun-

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Aug

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Singapore

-10%-5%0%5%10%15%

$28 $30 $32 $34 $36 $38

Nov

-18

Dec

-18

Jan-

19Fe

b-19

Mar

-19

Apr

-19

May

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Jun-

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India

Asia Pacific 12 Month Price Charting

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Asia Pacific TTM Price to Earnings Charts

Developed Asia Australia Hong Kong Japan

New Zealand Singapore Emerging Asia China

India Indonesia Malaysia Philippines

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Asia Pacific TTM Price to Earnings Charts

South Korea Taiwan Thailand Vietnam

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Asia Pacific 2019E Earnings Trends

Developed Asia Australia Hong Kong Japan

New Zealand Singapore Emerging Asia China

India Indonesia Malaysia Philippines

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Asia Pacific 2019E Earnings Trends

South Korea Taiwan Thailand Vietnam

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Asia Pacific Technicals & Internals

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Asia Pacific Technicals & Internals

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Asia Pacific Technicals & Internals

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Asia Pacific Technicals & Internals

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Asia Pacific Technicals & Internals

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Asia Pacific Technicals & Internals

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Macroeconomics

*Data is the most recently available and may be omitted due to lack of availability.

Debt

Rating (Moody's

CPI PPI

Q/Q Y/Y Current Y/Y Y/Y Current Y/Y Current

M/M Y/Y Current

M/M Y/Y Current

M/M Y/Y Current

M/M Y/Y

Australia 0.50% 1.40% Aaa 1.70% 1.60% 5.30% -0.10% 0.95% ##### ##### 1.17% 0.15% ##### 97.00 -1.24 -2.68 51.60 -3.10 -5.40

Hong Kong -3.20% -2.90% Aa2 3.20% 0.80% 3.10% 0.10% 2.40% 0.17% 1.13% 1.70% 1.70% ##### 39.30 -2.20 #####

Japan 0.10% 1.30% A1 0.20% -0.40% 2.40% -0.30% ##### 0.17% ##### ##### 0.14% ##### 36.20 0.70 -7.10 48.40 -0.50 -5.20

New Zealand 0.50% 2.10% Aaa 1.50% 2.40% 4.20% -0.50% 1.45% ##### ##### 1.40% 0.32% ##### ##### ##### -9.30 52.60 3.80 -4.70

Singapore 0.60% 0.10% Aaa 0.50% 2.30% 0.20% 1.45% ##### 0.30% 1.78% 0.04% ##### 49.60 0.10 -3.30

China 1.50% 6.00% A1 3.80% -1.60% 3.61% -0.34% 2.50% 0.22% ##### 3.19% 0.05% ##### ##### 0.00 2.80 51.70 0.30 0.90

India 5.00% Baa2 4.62% 0.16% 2.55% 5.04% ##### ##### 6.48% ##### ##### 50.60 -0.80 -2.00

Indonesia 3.06% 5.02% Baa2 3.13% 0.91% 5.28% -0.22% 5.48% ##### 0.13% 7.02% ##### 0.70% ##### -3.40 -3.70 47.70 -1.40 -2.70

Malaysia 3.30% 4.40% A3 1.10% 3.30% 0.00% 3.24% ##### ##### 3.43% 0.08% ##### 84.00 84.00 6.90

Philippines 1.60% 6.20% Baa2 0.80% -0.20% 5.40% 0.40% 3.12% ##### 0.24% 4.74% 0.09% #####

South Korea 0.40% 2.00% Aa2 0.00% -0.70% 3.50% -0.20% 1.49% ##### ##### 1.78% 0.32% ##### 98.60 1.70 ##### 48.40 0.40 -2.80

Taiwan 1.11% 2.91% Aa3 0.39% -6.21% 3.74% 0.04% 0.64% 0.04% ##### 49.80 -0.20 -6.50

Thailand 0.10% 2.40% Baa1 0.11% -2.51% 1.02% -0.12% 1.32% ##### ##### 1.70% 0.23% ##### 70.70 -1.50 -7.30

Vietnam 7.31% Ba3 *- 2.24% 9.18% 2.00% -0.02% 3.90% ##### ##### 3.70% ##### ##### 50.00 -0.50 -1.40

PMI ManufacturingConsumer Confidence

Real GDP 3 Month Rate 10 Yearr RateUnemployment Rate

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Source Data & ETF Issuer Information

FactSet Research Systems | Quandl | Bloomberg |iShares (IPAC, EWA, EWH, EWJ, ENZL, EWS, EEMA, MCHI, INDA, EIDO, EWM, EPHE, EWY, EWT, THD, VNM)

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