The Asian exchange-traded fund market has seen its assets under management boom in the first seven months of this year driven by new cash flows and new product launches. The growth underlines a broader macro-trend which is seeing inflows move away from Europe and into the Asia-Pacific region.

The Asian ETF market has seen its assets under management grow 23.8% this year to $112.4bn with fresh cash and two new Chinese product launches driving the growth in Asia region, according to data from Deutsche Bank's db X-trackers.