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New Technologies for Exchange-Traded Funds

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The Emergence of ETFs in Asia-Pacific

Abstract

This chapter studies the role of information and communication technologies in the diffusion of exchange-traded funds in the countries of the Asia-Pacific region. It investigates two processes with the potentially profound impact on the local economies: development of the ETFs markets and deployment of ICT. The chapter begins with the brief discussion of the basic evidence on the turnover of ETFs in the annual perspective. The next part of the chapter presents the evidence on the relationship between ETFs and ICT on the regional level. Analysis starts with the discussion of the graphical evidence, and, subsequently, estimates of the panel models are examined. It focuses on the relationships between the value of the turnover of ETFs in USD millions (indicator of the absolute development of the ETFs market) and three indicators of ICT adoption: fixed-broadband subscriptions per 100 inhabitants, active mobile-broadband subscriptions per 100 inhabitants, and Internet users per 100 inhabitants. The final part of the chapter covers the country-level linkages between ETFs and ICT, starting with the brief overview of the graphical evidence, followed by the estimates of the country-specific models. In case of each country analysis includes the attributes of the diffusion of ETFs and any other issues that may be identified as being significant for the analyzed relationships (in particular the local fintech industries). The results are presented on the country-by-country basis, and most attention is devoted to the largest ETFs markets in the region. Time period of the analysis in the chapter is 2004–2016.

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Authors and Affiliations

  1. Gdańsk University of Technology, Gdańsk, Poland

    Adam Marszk & Ewa Lechman

  2. Kyoto University, Kyoto, Japan

    Yasuyuki Kato

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Marszk, A., Lechman, E., Kato, Y. (2019). New Technologies for Exchange-Traded Funds. In: The Emergence of ETFs in Asia-Pacific. Springer, Cham. https://doi.org/10.1007/978-3-030-12752-7_6

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