Fixed Income and Thematic Investing Drives AUM for ETFs Benchmarked to ICE Indices to Record Level in Asia-Pacific in 2024

HONG KONG--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced record 2024 growth in assets under management (AUM) for Exchange Traded Funds (ETF) benchmarked to ICE’s indices listed on Asian exchanges. This growth was driven by strong retail interest in fixed income and thematic investing in the region, and occurred as ICE has continued to expand its global index offering to include more fixed income, thematic, equity and international indices that match the strategies of the global investment community.

In 2024, passive AUM benchmarked to ICE’s indices surged in Asia to an all-time-high of approximately $45.15 billion, on December 31, 2024, an increase of over 70% from the end of 2023, and 10x since ICE acquired the BofA Indices in October 2017. Although rising markets and strong global interest in ETFs have provided strong tailwinds, this growth also came as index issuers launched a record number of ETFs benchmarked to ICE’s indices across the region. In 2024, 30 new ETFs were launched in Asia that were benchmarked to ICE’s Indices, compared to the previous record of 13 in 2023. In Taiwan alone, there are now 53 ETFs from 15 issuers tracking ICE’s indices, with combined AUM up 67% at the end of December 2024 compared to the end of 2023. Japan, Australia and South Korea also had record AUM growth over the same period of over 400%, 69% and 65%, respectively.

“The growth we’ve seen in our Asian index business has mirrored the evolution we’ve witnessed the last five years as Asia has continued to grow into a major asset management center,” said Magnus Cattan, ICE’s Vice President and Head of Client Development in Asia. “We look forward to working with ETF issuers as we launch new indices that match the investment needs of investors across the region.”

ICE is a leading provider of indices, offering over 7,000 global equity, fixed income, commodity and foreign exchange indices to support benchmarking and performance measurement by investors. As of December 31, 2024, ICE accounted for approximately $2 trillion in AUM across active and passive strategies combined.

“Building on the strength of our portfolio, fixed income continued to play a strong role in the growth in AUM of ETFs benchmarked to our indices throughout 2024 as investors took advantage of higher interest rates and a broad selection of fixed income ETFs in the market,” said Preston Peacock, Head of ICE Data Indices. “We’re pleased to see that investors in our core markets throughout Asia and the rest of the world are continuing to adopt ETFs as a preferred way to invest, and that our broad offering across equities, fixed income and commodities supports their investment strategies.”

ICE’s indices leverage the ICE Data Services Pricing & Reference Data LLC’s extensive suite of pricing and reference data, which includes evaluated pricing on approximately 3 million securities and reference data on approximately 79 million active and inactive financial instruments.

For more information about ICE Data Indices, LLC, please visit www.ice.com/market-data/indices.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

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Source: Intercontinental Exchange