+1 862 207 3288 ETFs to Watch: Emerging Asia
• Economies of China, Korea, Taiwan and India are all in growth, especially Taiwan just released stronger than expected Q4 2017 GDP growth
at 3.28% y/y, higher than the expected level of 2.5%.
• It is expected that the growth of the Indian economy will be among the fastest in Asia for the coming year, with the latest economic
survey projecting growth of 7 – 7.5% for fiscal year 2018 – 2019.
Source: Bloomberg, Commerzbank
MSCI Emerging Markets Asia Index
Source: MSCI, as of Dec 2017
Source: MSCI, as of Dec 2017
Related ETFs
Ticker Fund Name TER
(bps) AUM
(m USD) ETF
Currency %YTD
AASU FP Amundi ETF MSCI EM Asia UCITS ETF 20 2,376 USD 7.85
CEMA LN iShares MSCI EM Asia UCITS ETF USD Acc 65 595 USD 7.52
EMAD LN SPDR MSCI EM Asia UCITS ETF 55 419 USD 8.01
XMAD LN db x-trackers MSCI EM ASIA INDEX UCITS ETF 65 1,018 USD 7.32
DEMP LN WisdomTree Emerging Asia Equity Income UCITS ETF 54 14 GBp 3.60
GMF US SPDR S&P Emerging Asia Pacific ETF 49 519 USD 8.49
Source: Bloomberg, Commerzbank, as of 30 Jan 2018. % returns are calculated by Bloomberg in ETF currency.
Market Update
• US equities closed slightly higher: DJIA touched the negative ground but eventually closed with a rise of 0.28%, S&P 500 narrowly went
up by 0.05%, andNASDAQ also increased by 0.12%.
• European stock markets forked off in two directions: FTSE 100 and DAX slightly dropped again by 0.72% and 0.06%, while CAC 40 closed
modestly at 0.15%increase.
• Fed left rates unchanged at 1.25 – 1.5% but the tone was slightly more hawkish. More information on yesterday’s FOMC meeting can be
found in the attached Economic Briefing.
Market Backdrop
Prevclose %Δ 1d %Δ MTD %Δ YTD
DJIA 26,149 0.3 5.8 5.8
DAX 13,189 -0.1 2.1 2.1
NKY 23,098 -0.8 1.5 1.5
SHCOMP 3,481 -0.2 5.3 5.3
EUR-USD 1.241 0.1 3.4 3.4
USD-JPY 109.19 0.4 -3.1 -3.1
USD-CNY 6.292 -0.8 -3.4 -3.4
CFETS Index 96.05 -0.1 0.5 0.5
WTI 64.73 0.4 7.1 7.1
Brent 68.89 0.0 3.3 3.3
Gold 1,345 0.5 3.2 3.2
US 2Y* 2.141 1.6 25.8 27.0
US 10Y* 2.705 -1.5 30.0 32.2
