Asian institutions fuel ETF asset growth to $104 billion

Exchange-traded fund (ETF) assets in Asia have grown 20% to $104.1 billion in the first three quarters of 2011, with the market expected to double over the next four to five years, according to State Street Global Advisors (SSgA) data. Korea is the top Asian exchange by trading activity with $66.3 billion in turnover and 19 million trades in the year to 30 September, followed by Hong Kong with $56.3 billion on 1.8 million trades and Shanghai’s $30.6 billion on 3.1 million trades, …