Weekly as of 21 July 2017 Weekly as of 27 October 2017

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Equity (278)

(7,075)

38,364

15,876

Fixed Income 61

(125)

970

639

Commodity (16)

(88)

(441)

(201)

Mixed Alloca on (0)

3

24

13

Alterna ve (0)

(1)

(3)

(3)

Money Market (424)

2,732

1,055

1,496

Specialty 42

82

359

309

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Australia (89)

254

1,449

1,115

Hong Kong (100)

(349)

(2,007)

(1,393)

China (835)

(1,087)

(4,812)

(3,236)

Japan 1,269

(4,832)

43,042

17,009

Korea (401)

(835)

(232)

1,493

Singapore 10

37

57

46

Other Region (131)

(263)

868

842

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Telecom (1)

(2)

(2)

(0)

Consumer Discre onary

8

12

(104)

(62)

Consumer Staples 1

(2)

(36)

(30)

Energy 1

2

63

56

Financials 19

122

247

335

Health Care 1

(41)

11

(39)

Industrials 1

(0)

(3)

8

Materials 0

(1)

26

9

Real Estate 36

(236)

1,790

1,144

Technology 33

109

250

221

Thema c (75)

(281)

(782)

(736)

U es (0)

(0)

(1)

(0)

Source: Bloomberg Finance L.P., State Street Global Advisors as of 27 October 2017. Flows include all APAC listed ETFs, including but not limited to SPDR ETFs. Asset, Region, Sector, Credit and Maturity categories are determined by Bloomberg Finance L.P. Key The green boxes signify the highest flow figure in their respec ve column and the red boxes signify the lowest flow figure.

Asset Category o APAC ETF outflows totaled

US$615mn last week driven by outflows of US$424mn and US$278mn from money market and equity, respectively.

o Investors have pulled US$7.1bn out of equity ETF in the past month.

Equity Region o Japan-focused equity ETFs saw

the strongest inflows last week, gathering US$1.27bn.

o China and Korea focused- equity ETFs had the biggest outflows last week, registering outflows of US$835mn and US$401mn respectively.

Equity Sector Flows o Real estate sector saw the

largest inflows last week, gathering US$36mn.

o Thematic sector continued to see outflows, down US$75mn last week.

Weekly as of 21 July 2017

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Aggregate 37

(244)

(326)

(231)

Corporate 23

84

356

331

Government 1

36

897

492

Inflation Protected

0

0

2

7

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Investment Grade

4

33

713

416

High Yield 0

14

74

48

Other 57

(172)

183

175

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Short Term 3

(196)

51

116

Intermediate (6)

1

54

118

Long Term 8

11

617

225

Other 57

58

247

180

Fixed Income Sectors o Investors favored aggregate

over government and corporate bonds last week, attracting US$37mn.

Fixed Income Credit Rating o Investors favored other types of

fixed income ETFs other than investment grade and high yield last week, gathering US$57mn.

Government ETF Maturity Focus o Long-dated bonds saw

US$8mn inflows, while intermediated-term bonds saw US$6mn outflows last week.

o Long-dated bonds have registered US$617mn inflows YTD.

Prior Week (US$ M)

Trailing 1Mth (US$ M)

YTD (US$ M)

Trailing 6Mth (US$ M)

Agriculture 0

(2)

(1)

(8)

Energy (19)

(106)

15

41

Industrial Metals 0

(1)

(1)

(4)

Precious Metals 3

20

(455)

(231)

Commodity o Energy was the biggest loser

last week, registering 0utflows of US$19mn.

o Precious metals saw US$3mn inflows last week and is up US$20mn in the past month as Asian investors continued to buy on dips.

State Street Global Advisors 2

Source: Source: Bloomberg Finance L.P., State Street Global Advisors as of 27 October 2017. Flows include all APAC listed ETFs, including but not limited to SPDR ETFs. Asset, Region, Sector, Credit and Maturity categories are determined by Bloomberg Finance L.P. Key The green boxes signify the highest flow figure in their respective column and the red boxes signify the lowest flow figure.

State Street Global Advisors

For Public Use. State Street Global Advisors Asia Limited, 68/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. Telephone: +852 2103-0288. Facsimile: +852 2103-0200. Web: www.ssga.com* State Street Global Advisors Singapore Limited, 168 Robinson Road, #33-01 Capital Tower, Singapore 068912 (Company Reg. No: 200002719D, regulated by the Monetary Authority of Singapore). Telephone: +65 6826-7555. Facsimile: +65 6826-7501. Web: www.ssga.com* Important Risk Information This document is issued by State Street Global Advisors Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong (the "SFC"). All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor’s or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.

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