Microsoft Word K_01_02.docx

Asia Pacific ETFs (2016 년 2 월 I) 변동성확대와자산감소 단기 Panic 상태 : 2016 년 1 분기글로벌금융시장은중국발외환불안정과유가급락 (1 월 ), 유럽은행권신용위험우려와선진국외환변동성급등 (2 월 ) 으로인해 Panic 상태에진입하였음. MSCI Asia 주가지수는전년말대비 2 월현재 -10.9% 의하락세를기록하였으며, 같은기간 MSCI DM(-9.4%) 보다약세를보였음. 역내개별국가에서도주가약세가큰폭으로나타났음. 지난연말대비 2 월 15 일까지중국상해종합은 - 22%, 일본 NIKKEI225 는 -16%, 홍콩항셍지수는 -13% 의하락세를기록하였음. 상대적으로한국 KOSPI 는 -5% 의하락에그쳤으며, 태국 SET 는보합권을유지하였음. 전균 Analyst gyun.jun@samsung.com 02 2020 7044 김수명 Research Associate soomyung.kim@samsung.com 02 2020 7754 자산규모감소 : 주식시장의급락으로아시아태평양지역 ETF 의자산가치가전반적으로감소하였음. 역내 ETF 자산규모는 1 월말 2,485 억달러에서 2 월현재 2,339 억달러로 146 억달러의감소를기록하였음. 가장큰규모의자산감소를기록한시장은일본으로 133 억달러가감소하였음. 주로시장대표지수 ETF 에서자산가치하락이크게발생하였으며, 주가하락에따른현상으로추정됨. 홍콩시장에서는 10 억달러의감소가관찰되었음. 한편자산별로는주식형 ETF 가 1 월말대비 2 월현재 -147 억달러의감소를기록한반면채권형 ETF 는같은기간 +1 억달러의소폭증가를하였음. 주요국의마이너스정책금리시행으로채권시장의강세가시현되었기때문으로해석됨. 레버리지 ETF 의거래폭발 : 주식시장의약세로인한변동성국면에도불구하고레버리지 ETF 의거래량이폭발적으로증가하였음. 아시아태평양지역에서거래대금기준 1 위는일본의 NEXT NKY225 Leveraged ETF(1570 JP) 으로 3 개월일평균거래대금이 179 억달러에달함. 일본자산규모상위 30 개종목의거래대금을모두합하더라도해당레버리지 ETF 거래대금의 30% 에불과함. 한국역시 KODEX Leverage ETF(122630 KS) 가가장많은거래대금을기록하였음. 변동성확대와급등락상황이연출되는과정에서투기적인거래수요가레버리지 ETF 에집중되었기때문임. 변동성 ETF 수익률강세 : 아시아태평양지역 ETF 중연초이후수익률최고 3 종목이모두일본에상장된변동성 ETF 임. 일본변동성지수 VNKY ETN 은연초대비 70% 가넘는상승률을기록하였음. 기타수익률상위종목은대부분 Inverse ETF 와 Gold ETF 임. 반대로수익률하위종목은레버리지 ETF 와은행섹터 ETF 가차지하였음. 포연이가라앉은이후에는 : 연초이후글로벌금융시장의변동성이폭등하는등불안정한상황이지속되었음. 2 월이후주요국중앙은행의정책대응에대한기대감과단기 Panic 상태에서벗어난투자자들의위험자산선호가맞물려글로벌금융시장은안정을되찾을것임. 다만구조적인문제 ( 중국경기둔화및미국금리인상, 유가약세등 ) 가해소되지않는상황에서반등세는제한적일것임. 이에따라반등과정에서기존포트폴리오를고배당 / 가치주 / 안전자산위주로재조정하는과정이필요할것임.

아시아태평양지역 ETF 개괄 ETF 신규상장종목추이 (No. of products) 120 100 98 80 60 40 20 7 6 19 37 45 20 30 46 50 72 55 69 39 57 45 48 62 73 10 0 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 1H13 2H13 1H14 2H14 1H15 2H15 1H16 참고 : 2016 년 2 월 15 일기준, 현존 ETF 대상자료 : Bloomberg, 삼성증권 거래소별 ETF 상장현황 Exchange 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Australia 1 4 15 12 20 10 11 16 Bangkok 1 1 1 1 5 3 5 4 Hong Kong 3 6 12 20 8 29 11 12 11 1 Indonesia 1 1 2 3 1 Korea 5 15 18 16 44 29 16 36 108 6 Bursa Malaysia 1 1 2 1 Ho Chi Min 1 Mumbai 1 1 1 Nagoya 1 N.S. India 6 3 2 8 7 2 4 4 7 New Zealand 2 Osaka 2 2 2 6 1 2 Philippine 1 Shanghai 1 2 7 11 6 18 11 2 Shenzhen 6 11 4 14 2 3 Singapore 1 5 2 2 4 2 Taiwan 4 4 1 5 3 4 4 3 Tokyo 43 6 13 18 7 20 18 29 Total 25 82 50 96 127 108 102 110 181 10 참고 : 2016 년 2 월 15 일기준, 현존 ETF 대상 ( 상장폐지종목은반영되지않음 ) 자료 : Bloomberg, 삼성증권 삼성증권 2

ETF 대상자산별상장현황 (2016 년현재 ) Asset Class Focus 자산규모 (mil USD) 종목수 Equity 212,661 766 Fixed Income 11,054 81 Commodity 5,109 81 Money Market 3,140 6 Specialty 1,391 67 N.A. 412 4 Mixed Allocation 150 8 Total 233,919 1,013 참고 : 2016 년 2 월 15 일기준, Specialty- 변동성 & 통화, Mixed Allocation- 다중자산상품자료 : Bloomberg, 삼성증권 거래소별자산별 ETF 자산규모현황 (mil USD) Commodity Equity Fixed Income Specialty Mixed Allocation Money Market Total ASE 428 6,868 1,418 357 9,071 Bangkok 38 99 137 BSE India 186 186 Hanoi 4 4 Ho Chi Minh 15 15 Hong Kong 121 27,781 3,560 52 31,514 Indonesia 139 139 Korea 315 13,191 3,760 766 95 18,127 Malaysia 86 329 415 N.S. India 896 1,529 141 2,565 Nagoya 30 30 New Zealand 621 - - 621 Philippines 26 26 Shanghai 116 21,372 1,151 2,510 25,151 Shenzhen 235 7,520 65 630 8,450 Singapore 1,001 11,468 567 13,036 Taiwan 221 6,221 55 6,497 Tokyo 1,740 115,504 62 217 412 117,936 총합계 5,109 212,661 11,054 1,391 562 3,140 233,919 삼성증권 3

거래소별 ETF 자산규모 Primary Exchange 합계 (mil USD) 평균 (mil USD) 직전월말 (mil USD) Tokyo 117,936 666 131,303 Hong Kong 31,514 281 32,611 Shanghai 25,151 349 24,836 Korea 18,127 89 18,512 Singapore 13,036 383 13,415 Australia 9,071 94 9,265 Shenzhen 8,450 188 8,355 Taiwan 6,497 171 6,250 N.S. India 2,565 48 2,439 New Zealand 621 33 614 Bursa Malaysia 415 52 414 BSE India 186 46 154 Indonesia 139 17 150 Bangkok 137 7 130 Nagoya 30 30 34 Philippines 26 26 27 Ho Chi Minh 15 15 15 Hanoi 4 4 4 Total 233,919 261 248,527 거래소별 ETF 거래대금현황 (3 개월평균거래대금기준 ) Primary Exchange 전체합계 ( 천달러 ) 종목당평균 ( 천달러 ) Tokyo 2,605,085 14,718 Shanghai 701,887 9,485 Taiwan 234,853 6,022 Shenzhen 243,887 5,420 Hong Kong 474,170 4,234 Korea 741,750 2,630 Australia 54,573 430 N.S. India 18,865 363 Singapore 5,081 149 New Zealand 2,056 89 Philippines 64 64 Ho Chi Minh 32 32 Bangkok 217 10 Bursa Malaysia 37 9 Nagoya 56 7 BSE India 5 5 Indonesia 1 0 참고 : 2016 년 2 월 15 일기준, 종목당평균은전체거래대금 / 상장 ETFs 로산출함자료 : Bloomberg, 삼성증권 삼성증권 4

개별 ETF 자산규모 자산규모상위 30 종목 (sort by AUM) ETF Exchange Benchmark Total Asset Value (mil USD) 직전월말 (mil USD) NOMURA ETF - NIKKEI 225 Tokyo NKY 23,514 25,715 NOMURA ETF - TOPIX Tokyo TPX 20,132 22,827 NIKKO ETF - NKY 225 Tokyo NKY 11,435 12,340 DAIWA ETF - NIKKEI 225 Tokyo NKY 10,705 11,809 DAIWA ETF - TOPIX Tokyo TPX 9,651 10,883 NIKKO ETF - TOPIX Tokyo TPX 9,477 10,616 TRACKER FUND OF HONG KONG Hong Kong HSI 8,237 8,744 NEXT FUNDS NKY225 LVRGED ETF Tokyo NKYLEV 5,672 7,538 MAXIS NIKKEI 225 ETF Tokyo NKY 5,513 6,038 HANG SENG H-SHARE IND ETF-HK Hong Kong HSI21N 5,147 5,395 CHINA 50 ETF Shanghai SSE50 4,789 4,729 HANG SENG INDEX ETF-HKD Hong Kong HSI1N 4,516 4,846 ISHARES FTSE A50 CHINA INDEX Hong Kong TX9HKNRH 4,103 4,254 SAMSUNG KODEX 200 ETF Korea KOSPI2 3,737 3,755 HUATAI-PB CSI 300 ETF Shanghai SHSZ300 3,387 3,344 CHINA CSI 500 ETF Shanghai N.A. 3,173 3,133 HARVEST CSI 300 INDEX ETF Shenzhen SHSZ300 3,167 3,127 ABF PAN ASIA BOND INDEX FUND Hong Kong ABTRPAUH 3,006 2,958 SHANGHAI SSE180 ETF Shanghai SSE180 2,963 2,926 MAXIS TOPIX ETF Tokyo TPX 2,918 3,282 CHINA AMC CSI 300 INDEX ETF Shanghai SHSZ300 2,768 2,733 YUANTA/P-SHRS TW TOP 50 ETF Taiwan TW50 2,477 2,408 CSOP FTSE CHINA A50 ETF-RMB Hong Kong XINA50NC 2,295 2,222 SAMSUNG KODEX LEVERAGE ETF Korea KOSPI2LG 2,125 2,395 ISHARES NIKKEI 225 ETF Tokyo NKY 2,101 2,498 CN-SOUTHERN CASH MGT MMF ETF Shanghai N.A. 1,957 1,932 SPDR S&P/ASX 200 FUND ASE ASA51 1,905 2,042 DB X-TRACKERS MSCI WORLD TRN Singapore NDDUWI 1,897 1,959 NOMURA NEXT F JPX NIKKEI 400 Tokyo JPNK400 1,890 2,111 LYXOR ETF MSCI EUROPE-B Singapore M7EU 1,857 1,878 참고 : 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 거래소별 ETF 자산규모 ( 상위 30 위대상 ) 거래소별 ETF 자산규모증감 ( 상위 30 위대상 ) Hong Kong 16% Korea 4% Taiwan 2% Tokyo 62% (USDm) 2,000 0 (2,000) (4,000) (6,000) (8,000) (10,000) (12,000) (14,000) (12,649) Tokyo (288) (137) (83) (1,117) Hong Kong Korea ASE Singapore 40 69 238 Shenzhen Taiwan Shanghai 참고 : 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 참고 : 직전월말대비 2 월 15 일증감자료 : Bloomberg, 삼성증권 삼성증권 5

거래소별자산규모증가 / 감소상위 5 개 ETF 현황 ( 직전월말대비 ) Ticker Name Asset (USD mil) Ticker Name Asset (USD mil) Korea Stock Exchange 114800 KS SAMSUNG KODEX INVERSE ETF 26.0 1357 JP NEXT FUNDS NK22 D-INVRS ETF 145.2 214980 KS SAMSUNG KODEX KRW CASH ETF 22.0 1571 JP NEXT FUNDS NKY225 INVERS ETF 73.5 069660 KS KIWOOM KOSEF 200 ETF 18.3 1540 JP JAPAN PHYSICAL GOLD ETF/MUFG 38.6 105190 KS KITM KINDEX200 ETF 18.2 1360 JP SMPLX-NIKKEI AVR BR DBL ETF 34.4 204480 KS TIGER SYNTH-CHINA A LVG ETF 16.1 2039 JP NOMURA NN NK TCM INV OIL ETN 30.1 152100 KS HANWHA-ARIRANG KOSPI200 ETF (37.2) 1308 JP NIKKO ETF - TOPIX (1,139.5) 148020 KS KB KSTAR 200 ETF (49.0) 1305 JP DAIWA ETF - TOPIX (1,232.3) 102110 KS MIRAE TIGER 200 ETF (49.2) 1570 JP NEXT FUNDS NKY225 LVRGED ETF (1,866.1) 222170 KS HANWHA ARIRANG S&P K DVD ETF (57.1) 1321 JP NOMURA ETF - NIKKEI 225 (2,200.3) 122630 KS SAMSUNG KODEX LEVERAGE ETF (270.4) 1306 JP NOMURA ETF - TOPIX (2,695.1) Hong Kong Taiwan Stock Exchange 82822 HK CSOP FTSE CHINA A50 ETF-RMB 73.5 00637L TT YUANTA/P-SHRS CSI 300 2X ETF 73.1 2821 HK ABF PAN ASIA BOND INDEX FUND 47.7 0050 TT YUANTA/P-SHRS TW TOP 50 ETF 68.9 83188 HK CHINAAMC CSI 300 IDX ETF-CNY 33.0 00633L TT FUBON SSE180 LEV 2X IN ETF 38.0 3049 HK DBX CSI 300 11.5 006205 TT FUBON SSE 180 INDEX ETF 31.7 3081 HK VALUEGOLD ETF 9.9 0061 TT W.I.S.E. YUANTA/P SHS C300 E 21.4 2801 HK ISHARES MSCI CHINA INDEX ETF (12.0) 00649 TT FUH HWA HANG SENG ETF (1.7) 2823 HK ISHARES FTSE A50 CHINA INDEX (151.6) 00638R TT YUANTA/P-SHRS CSI 300 1X ETF (3.7) 2828 HK HANG SENG H-SHARE IND ETF-HK (248.9) 00631L TT YUANTA/P-SHRS TW T50 2X ETF (5.7) 2833 HK HANG SENG INDEX ETF-HKD (330.2) 00642U TT YUANTA S&P GSCI OIL ER ETF (5.8) 2800 HK TRACKER FUND OF HONG KONG (507.3) 00634R TT FUBON SSE180 INV INDEX ETF (5.9) Shanghai Shenzhen 510050 CH CHINA 50 ETF 59.9 159919 CH HARVEST CSI 300 INDEX ETF 39.6 510300 CH HUATAI-PB CSI 300 ETF 42.4 159901 CH E FUND SZSE100 INDEX FUND 11.4 510500 CH CHINA CSI 500 ETF 39.7 159915 CH E FUND CHINEXT PRICE INDEX 8.0 510180 CH SHANGHAI SSE180 ETF 37.1 159003 CH CHINA MERCHANTS SEC DEP MM-A 6.2 510330 CH CHINA AMC CSI 300 INDEX ETF 34.6 159902 CH CHINA SME ETF 5.7 510270 CH BANK OF CHINA SSE EN 100 ETF 0.1 159927 CH PENGHUA CSI 300 INDEX ETF 0.1 512600 CH HARVEST CSI PRI CONSU ETF FD 0.0 159921 CH LION SZSE SME EQUAL WEIGHT 0.1 510580 CH E FUND CSI 500 ETF 0.0 159941 CH GF NASDAQ-100 ETF 0.1 510450 CH CIFM SSE 180 HIGH BETA ETF 0.0 159930 CH CHINA UNIVERS CSI ENERGY ETF 0.0 512110 CH HUAAN CSI REAL ESTA INX ETF 0.0 159922 CH HARVEST CSI 500 ETF 0.0 ASE Tokyo Singapore GOLD AU ETFS PHYSICAL GOLD 36.3 DJI SP LYXOR ETF DOW JONES IND AV-B 13.1 UBA AU UBS IQ MSCI AUSTRALIA ETF 23.9 XCSI SP DBX CSI 300 11.5 VAF AU VANGUARD AUST FI INTERST ETF 11.6 SBIF SP ABF SINGAPORE BOND INDX FUND 6.9 VAP AU VANGUARD AU PROP SEC IDX ETF 9.6 LTM SP LYXOR ETF MSCI EM LAT AMER-E 4.7 QAU AU BETASHARES GOLD BULLION ETF 8.6 INDO SP LYXOR ETF MSCI INDONESIA 1.8 IOZ AU ISHARES S&P/ASX 200 ETF (10.8) XMEM SP DB X-TRACKERS EMERG MARKET (30.4) SFY AU SPDR S&P/ASX 50 FUND (11.7) JPN SP LYXOR ETF JAPAN TOPIX (46.4) VHY AU VANGUARD AUS HIGH YIELD (25.5) ASI SP LYXOR UCITS ETF CHINA ENTER (52.6) ETF AU UBS IQ MORNINGSTAR AUSTRALIA (30.1) XMWO SP DB X-TRACKERS MSCI WORLD TRN (62.1) STW AU SPDR S&P/ASX 200 FUND (137.5) WLD SP LYXOR ETF MSCI WORLD-E (71.2) 참고 : 직전월말대비 2 월 15 일자산규모증감표시, 중국 ETF 시장의데이타가일부누락되었을가능성이존재함자료 : Bloomberg, 삼성증권 삼성증권 6

거래소별거래대금상위 ETF 현황 ( 최근 3 개월평균기준 ) Ticker Name ( 천달러 ) Ticker Name ( 천달러 ) Korea Stock Exchange 122630 KS SAMSUNG KODEX LEVERAGE ETF 200,651 1570 JP NEXT FUNDS NKY225 LVRGED ETF 1,797,294 069500 KS SAMSUNG KODEX 200 ETF 160,791 1357 JP NEXT FUNDS NK22 D-INVRS ETF 135,107 114800 KS SAMSUNG KODEX INVERSE ETF 113,625 1579 JP SIMPLEX NKY225 BULL 2X ETF 133,441 102110 KS MIRAE TIGER 200 ETF 28,166 1321 JP NOMURA ETF - NIKKEI 225 117,086 130730 KS KIWOOM KOSEF ENHANCED CASH E 20,653 1306 JP NOMURA ETF - TOPIX 58,896 233740 KS KODEX KOSDAQ150 LEVERAGE ETF 18,768 1360 JP SMPLX-NIKKEI AVR BR DBL ETF 56,952 233160 KS TIGER KOSDAQ150 LEVERAGE ETF 17,320 1568 JP SIMPLEX TOPIX BULL 2X ETF 45,184 148020 KS KB KSTAR 200 ETF 16,434 1365 JP DAIWA ETF-NK225 LVRGD INDX 25,017 204480 KS TIGER SYNTH-CHINA A LVG ETF 12,097 2038 JP NOMURA NEXT TCM LEVE OIL ETN 24,484 105190 KS KITM KINDEX200 ETF 11,133 1330 JP NIKKO ETF - NKY 225 22,412 Hong Kong Taiwan Stock Exchange 2828 HK HANG SENG H-SHARE IND ETF-HK 157,006 00633L TT FUBON SSE180 LEV 2X IN ETF 88,389 2823 HK ISHARES FTSE A50 CHINA INDEX 149,690 00637L TT YUANTA/P-SHRS CSI 300 2X ETF 42,611 2800 HK TRACKER FUND OF HONG KONG 145,501 0050 TT YUANTA/P-SHRS TW TOP 50 ETF 20,885 82822 HK CSOP FTSE CHINA A50 ETF-RMB 7,506 00632R TT YUANTA/P-SHRS TW T50 1X ETF 19,599 2827 HK WISE - CSI 300 CHINA TRACKER 4,669 00631L TT YUANTA/P-SHRS TW T50 2X ETF 7,030 83188 HK CHINAAMC CSI 300 IDX ETF-CNY 3,674 006205 TT FUBON SSE 180 INDEX ETF 6,530 2801 HK ISHARES MSCI CHINA INDEX ETF 806 00642U TT YUANTA S&P GSCI OIL ER ETF 6,416 3161 HK XIE SHARES FTSE CHIM ETF 608 0061 TT W.I.S.E. YUANTA/P SHS C300 E 5,618 2833 HK HANG SENG INDEX ETF-HKD 560 00634R TT FUBON SSE180 INV INDEX ETF 3,918 83122 HK CSOP CHINA ULTRA ST BON F-RM 342 00640L TT FUBON TOPIX LEV 2X INDEX ETF 3,456 Shanghai Shenzhen 511810 CH CN-SOUTHERN CASH MGT MMF ETF 269,507 159915 CH E FUND CHINEXT PRICE INDEX 105,974 510050 CH CHINA 50 ETF 128,881 159003 CH CHINA MERCHANTS SEC DEP MM-A 66,847 510300 CH HUATAI-PB CSI 300 ETF 112,086 159902 CH CHINA SME ETF 24,220 510900 CH E FUND CHINA ENTERPRISES ETF 45,380 159001 CH E FUND SWIFT CASH MONEY MK-A 19,600 511890 CH INVESCO GREAT WALL TRAD MM 33,250 159919 CH HARVEST CSI 300 INDEX ETF 10,293 511830 CH HUATAI-PB TRADED MONEY MKT F 31,810 159901 CH E FUND SZSE100 INDEX FUND 6,912 510500 CH CHINA CSI 500 ETF 28,036 159920 CH CHINA AMC HANG SENG ETF 3,578 511010 CH GUOTAI SSE 5-YR CHINA TREAS 21,430 159934 CH E FUND GOLD TRADE OP END ETF 1,096 518880 CH HUAAN YIFU GOLD ETF 10,214 159939 CH GF CSI ALL SH INFOR TECH ETF 1,047 510180 CH SHANGHAI SSE180 ETF 5,902 159903 CH SZSE COMPONENT INDEX FUND ET 824 ASE Tokyo Singapore STW AU SPDR S&P/ASX 200 FUND 12,616 INDIA SP ISHARES MSCI INDIA INDEX ETF 1,505 VAS AU VANGUARD AUST SHARES IDX ETF 4,893 STTF SP SPDR STRAITS TIMES INDEX ETF 1,274 AAA AU BETASHARES AUS HIGH INTEREST 3,046 AJAC SP ISHARES JPM USD ASIA BOND 532 USD AU BETASHARES US DOLLAR ETF 2,267 AHYG SP ISHARES ASIA HIGH YIELD BD 333 BBOZ AU BETASHARES AUS EQ STR BR HDG 2,165 XCSI SP DBX CSI 300 178 RARI AU RUSSELL AUS RESPONSIBLE INVS 1,612 DBSSTI SP NIKKO AM SINGAPORE STI ETF 175 GEAR AU BETASHARES GEARED AUS EQTY F 1,595 ASI SP LYXOR UCITS ETF CHINA ENTER 160 MGE AU MAGELLAN GLOBAL EQUITIES FND 1,325 XMRC SP DBX MSCI RUSSIA CAPPED 149 IAF AU ISHARES COMPOSITE BOND ETF 1,245 INDO SP LYXOR ETF MSCI INDONESIA 103 VHY AU VANGUARD AUS HIGH YIELD 1,202 AEJ SP LYXOR UCITS ETF ASIA EX JP 82 N.S. India Bangkok LBEES IN GOLDMAN LIQUID ETF BEES 14,871 TDEX TB THAIDEX SET50 ETF 78 BBEES IN GS BANKING EXCH-GS BANK BEES 1,093 CHINA TB WISE KTAM CSI 300 CHINA 50 NBEES IN GS NIFTY EXCH-GS NIFTY BEES 953 GLD TB KTAM GOLD ETF TRACKER 21 GBEES IN GOLDMAN GOLD ETF-GOLD BEES 675 MUS TB MAYBANK US ETF 14 SGETS IN SBI-ETF GOLD 164 TGOLDETF TB THANACHART GOLD ETF 11 KOTBANK IN KOTAK BANKING ETF 155 MJP TB MAYBANK JAPAN ETF 7 UTIGOL IN UTI GOLD EXCHANGE TRADED FND 109 MEU TB MAYBANK EURO ETF 5 RBETF IN R*SHARES BANKING ETF 98 1DIV TB THAIDEX SET HIGH DVD ETF 4 CPSEBE IN GS CPSE ID EXCH-GS CPSE BEES 86 MEM TB MAYBANK EMERGING ETF 4 KONIFTY IN KOTAK NIFTY 50 84 EICT TB KTAM SET ICT ETF TRACKER 4 자료 : Bloomberg, 삼성증권 삼성증권 7

신규상장 ETF Asia-Pacific 신규상장 ETF (2016 년 2 월 ) Ticker Name Asset Class Exchange Inception date Management Company 570009 KS KIS TRUE KOREA PREMIER ETN 9 Equity South Korea 2/5/2016 Korea Investment & Securities 234310 KS KSTAR V&S SELECT VALUE ETF Equity South Korea 2/2/2016 KB Asset Management 참고 : Ticker 는 Bloomberg 용자료 : Bloomberg, 삼성증권 USA 신규상장 ETF (2016 년 2 월 ) Ticker Name Asset Class Inceptiondate Management Company MLPZ US ETRACS 2XMTHLY LEV S&P MLP B Equity 2/8/2016 ETRACS ETNs OIIL US X-LINKS WTI CRUDE OIL ETN Commodity 2/8/2016 Credit Suisse AG MLPQ US ETRACS 2X LEV LG ALER MLP-B Equity 2/8/2016 ETRACS ETNs GTO US GUGGENHEIM TOTAL RETURN BOND Fixed Income 2/10/2016 Guggenheim ETFs 참고 : Ticker 는 Bloomberg 용자료 : Bloomberg, 삼성증권 삼성증권 8

수익률상 / 하위 ETF 수익률상위 30 ETF 현황 Code ETF Exchange 자산 YTD (%) 2035 JP NOMURA NEXT NOTES NKY VI ETN Tokyo Specialty 71.44 1552 JP KOKUSAI S&P500 VIX SHORT ETF Tokyo Specialty 35.50 2030 JP IPATH S&P 500 VIX S/T FU JDR Tokyo Specialty 35.48 1368 JP DAIWA ETF-TOPIX DB INVR2X IN Tokyo Equity 31.36 1356 JP SIMPLEX TOPIX BEAR -2X ETF Tokyo Equity 31.09 1469 JP SIMPLEX JPX 400 BEAR -2X DI Tokyo Equity 30.42 1360 JP SMPLX-NIKKEI AVR BR DBL ETF Tokyo Equity 29.91 1472 JP NEXT FUNDS JPX400 DBL INVRS Tokyo Equity 29.85 1466 JP DAIWA ETF JPX 400 DUL INVRS Tokyo Equity 29.59 1366 JP DAIWA ETF-NK225 DBL INVRS ID Tokyo Equity 28.73 1459 JP RAKUTEN NIKKEI DBL INVRS IDX Tokyo Equity 28.52 1357 JP NEXT FUNDS NK22 D-INVRS ETF Tokyo Equity 28.51 225130 KS KINDEX SYN-GOLD FT LV H ETF Korea Specialty 27.98 BBUS AU BETASHARES US EQ STR BEAR-CH ASE Equity 22.18 500003 KS SHINHAN INVERSE WTI F ETN H3 Korea Specialty 21.81 BBOZ AU BETASHARES AUS EQ STR BR HDG ASE Equity 21.80 217780 KS TIGER SYNTH-CHINA A INVERSE Korea Mixed Allocation 20.58 570006 KS KI TRUE INVS CHINA H ETN H 6 Korea Equity 20.38 217770 KS MIRAE TIGER WTI INVERSE ETFH Korea Specialty 19.66 AXGOLD IN AXIS GOLD ETF N.S. India Commodity 18.41 GOLD AU ETFS PHYSICAL GOLD ASE Commodity 17.43 ZGOL AU ANZ ETFS PHYSICAL GOLD ETF ASE Commodity 17.09 570004 KS KIS TRUE IV EUROSTOXX50 ETN4 Korea Equity 16.73 1569 JP SIMPLEX TOPIX BEAR -1X ETF Tokyo Equity 16.31 00638R TT YUANTA/P-SHRS CSI 300 1X ETF Taiwan Equity 16.26 00634R TT FUBON SSE180 INV INDEX ETF Taiwan Mixed Allocation 16.16 205720 KS KIM KINDEX SYNTH ETF EQ DERV Korea Equity 16.05 REGGOLD IN RELIGARE INVESCO GOLD ETF N.S. India Commodity 16.02 1457 JP DAIWA ETF-JPN TOPIX INVERSE Tokyo Equity 15.95 1465 JP DAIWA ETF JPX 400 INVRS -1X Tokyo Equity 15.73 참고 : 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 YTD 수익률상위 30 개 ETF 거래소별분포 YTD 수익률상위 30 개 ETF 자산별분포 ( 개수 ) ( 개수 ) 16 14 12 10 8 6 4 2 0 15 Tokyo 7 Korea 4 ASE 2 2 N.S. India Taiwan Equity 18 Mixed Allocation 2 Specialty 6 Commodity 4 자료 : Bloomberg, 삼성증권 자료 : Bloomberg, 삼성증권 삼성증권 9

수익률하위 30 ETF 현황 Code ETF Exchange 자산 YTD (%) ETPNRG AU ETFS ENERGY ASE Commodity (53.74) 1572 JP SIMPLEX CHINA H-SH BULX2 ETF Tokyo Equity (40.30) 2049 JP NEXT NOTES SP500 VIX STF INV Tokyo N.A. (40.00) 219900 KS KINDEX CHINA LEV ETF SYNTH Korea Equity (37.65) 204480 KS TIGER SYNTH-CHINA A LVG ETF Korea Equity (37.14) 204420 KS ARIRANG SYNTH-CHINA H LV ETF Korea Equity (37.11) 204450 KS KODEX CHINA H LEVERAGE ETF Korea Equity (36.40) 196030 KS KIM KINDEX JP LEVERAGE ETF H Korea Equity (34.60) 196220 KS KB KSTAR JAPAN LVRG ETF H Korea Equity (34.56) 00640L TT FUBON TOPIX LEV 2X INDEX ETF Taiwan Equity (33.75) 159932 CH DACHENG CSI 500 SZE STK IDX Shenzhen Equity (33.60) 1367 JP DAIWA ETF-TOPIX LVRG 2X IND Tokyo Equity (33.17) 1568 JP SIMPLEX TOPIX BULL 2X ETF Tokyo Equity (32.55) 1648 JP DAIWA ETF TOPIX-17 BANKS Tokyo Equity (32.12) 1470 JP NEXT FUNDS JPX 400 LVRG Tokyo Equity (32.01) 1467 JP SIMPLEX JPX 400 2X LVRG ETF Tokyo Equity (32.00) 1464 JP DAIWA ETF JPX 400 LVRG 2X Tokyo Equity (31.90) 1615 JP NOMURA BANKS INDEX ETF Tokyo Equity (31.78) 1365 JP DAIWA ETF-NK225 LVRGD INDX Tokyo Equity (31.37) 185680 KS KODEX SYNTH-US BIOTECH ETF Korea Equity (31.28) 1631 JP NOMURA NF TOPIX-17 BANKS ETF Tokyo Equity (31.18) 1570 JP NEXT FUNDS NKY225 LVRGED ETF Tokyo Equity (31.13) 2038 JP NOMURA NEXT TCM LEVE OIL ETN Tokyo Commodity (31.11) 1579 JP SIMPLEX NKY225 BULL 2X ETF Tokyo Equity (31.08) 2031 JP NOMURA NEXT NOTES HSI LE ETN Tokyo Equity (30.97) 1458 JP RAKUTEN NIKKEI LEVERAGED IDX Tokyo Equity (30.93) 1358 JP NIKKO-ETF NIKKEI LEVERAGED Tokyo Equity (30.86) 83150 HK HARVEST CSI S CAP 500 ETF-RM Hong Kong Equity (30.82) 225050 KS TIGER SYNTH-EU STOXX50 ETF H Korea Mixed Allocation (30.49) 1612 JP DAIWA ETF-TOPIX BANKS Tokyo Equity (30.30) 참고 : 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 수익률하위 30 개 ETF 거래소별분포수익률하위 30 개 ETF 자산별분포 ( 개수 ) ( 개수 ) 20 18 16 14 12 10 8 6 4 2 0 18 Tokyo 8 Korea 1 1 1 1 Shenzhen Taiwan Hong Kong ASE Commodity 2 N.A., 1 Mixed Allocation, 1 Equity, 26 자료 : Bloomberg, 삼성증권 자료 : Bloomberg, 삼성증권 삼성증권 10

거래소별수익률상위 ETF (sort by YTD) Ticker Name YTD (%) Ticker Name YTD (%) Korea Stock Exchange 225130 KS KINDEX SYN-GOLD FT LV H ETF 27.98 2035 JP NOMURA NEXT NOTES NKY VI ETN 71.44 500003 KS SHINHAN INVERSE WTI F ETN H3 21.81 1552 JP KOKUSAI S&P500 VIX SHORT ETF 35.50 217780 KS TIGER SYNTH-CHINA A INVERSE 20.58 2030 JP IPATH S&P 500 VIX S/T FU JDR 35.48 570006 KS KI TRUE INVS CHINA H ETN H 6 20.38 1368 JP DAIWA ETF-TOPIX DB INVR2X IN 31.36 217770 KS MIRAE TIGER WTI INVERSE ETFH 19.66 1356 JP SIMPLEX TOPIX BEAR -2X ETF 31.09 570004 KS KIS TRUE IV EUROSTOXX50 ETN4 16.73 1469 JP SIMPLEX JPX 400 BEAR -2X DI 30.42 205720 KS KIM KINDEX SYNTH ETF EQ DERV 16.05 1360 JP SMPLX-NIKKEI AVR BR DBL ETF 29.91 530002 KS SAMS SAMS INV CH A50 ETN H 2 14.63 1472 JP NEXT FUNDS JPX400 DBL INVRS 29.85 132030 KS SAMSUNG KODEX GOLD FUTURES 14.18 1466 JP DAIWA ETF JPX 400 DUL INVRS 29.59 500016 KS SHINHAN GOLD FUTURES ETN H16 13.84 1366 JP DAIWA ETF-NK225 DBL INVRS ID 28.73 Hong Kong Taiwan Stock Exchange 2830 HK ETFS PHYSICAL GOLD ETF 15.69 00638R TT YUANTA/P-SHRS CSI 300 1X ETF 16.26 83168 HK HANG SENG RMB GOLD ETF 15.37 00634R TT FUBON SSE180 INV INDEX ETF 16.16 3081 HK VALUEGOLD ETF 13.71 00641R TT FUBON TOPIX INV 1X INDEX ETF 14.73 3117 HK ETFS PHYSICAL SILVER ETF 10.80 00635U TT YUANTA S&P GSCI GOLD ER ETF 13.96 3099 HK DBX MSCI INDONESIA 9.11 00648R TT YUANTA DAILY S&P 500 BEAR 1X 9.96 3031 HK XIE SHARES INDONESIA ETF 8.78 00632R TT YUANTA/P-SHRS TW T50 1X ETF 1.91 3119 HK ETFS PHYSICAL PLATINUM ETF 8.45 0052 TT FUBON TAIWAN TECHNOLOGY ETF (0.26) 3029 HK XIE SHARES MALAYSIA ETF 2.45 0056 TT YUANTA/P-SHRS TW DVD PLUS ET (1.14) 3082 HK DBX MSCI MALAYSIA 2.04 0053 TT YUANTA/P-SHRS TW EL TECH ETF (1.31) 2821 HK ABF PAN ASIA BOND INDEX FUND 1.65 0057 TT FUBON MSCI TAIWAN ETF (2.22) Shanghai Shenzhen 518800 CH GUOTAI GOLD ETF 15.71 159937 CH BOSERA GOLD OPEN-END ETF 14.49 518880 CH HUAAN YIFU GOLD ETF 14.11 159934 CH E FUND GOLD TRADE OP END ETF 14.16 511220 CH SSE PLEDGE URBAN INVE BD ETF 0.52 159003 CH CHINA MERCHANTS SEC DEP MM-A (0.00) 511010 CH GUOTAI SSE 5-YR CHINA TREAS 0.24 159001 CH E FUND SWIFT CASH MONEY MK-A (0.01) 511810 CH CN-SOUTHERN CASH MGT MMF ETF (0.02) 159926 CH HARVEST CSI G-E MED TREA BD (0.43) 511830 CH HUATAI-PB TRADED MONEY MKT F (0.02) 159910 CH HARVEST SHENZHEN F120 ETF (3.07) 511890 CH INVESCO GREAT WALL TRAD MM (0.09) 159941 CH GF NASDAQ-100 ETF (11.43) 511210 CH BOSERA SSE CORP BOND 30 ETF (0.17) 159933 CH UBS SDIC CSI 300 FINL & PROP (13.42) 510110 CH SSE PERIODICAL INDUST 50 ETF (1.50) 159920 CH CHINA AMC HANG SENG ETF (14.65) 513500 CH BOSERA S&P 500 ETF (4.30) 159923 CH DACHENG CSI 100 ETF (15.07) ASE Tokyo Singapore BBUS AU BETASHARES US EQ STR BEAR-CH 22.18 INDO SP LYXOR ETF MSCI INDONESIA 7.31 BBOZ AU BETASHARES AUS EQ STR BR HDG 21.80 KV4 SP DBX II IBX ABF SINGAPORE GOV 2.77 GOLD AU ETFS PHYSICAL GOLD 17.43 SBIF SP ABF SINGAPORE BOND INDX FUND 2.59 ZGOL AU ANZ ETFS PHYSICAL GOLD ETF 17.09 AJAC SP ISHARES JPM USD ASIA BOND 1.17 QAU AU BETASHARES GOLD BULLION ETF 15.36 ASEAN SP CIMB FTSE ASEAN 40 (0.75) ETPMAG AU ETFS PHYSICAL SILVER 12.28 AHYG SP ISHARES ASIA HIGH YIELD BD (0.98) ETPMPT AU ETFS PHYSICAL PLATINUM 11.66 L5F SP DBX CMDTY BOOSTER (2.62) ETPMPM AU ETFS PHYSICAL PM BASKET 11.19 TWN SP LYXOR ETF MSCI TAIWAN (3.48) BEAR AU BETASHARES AUS EQ BEAR HF 10.33 L5G SP DBX CMDTY BOOSTER LIGHT ENGY (4.10) EEU AU BETASHARES EURO ETF 4.49 LTM SP LYXOR ETF MSCI EM LAT AMER-E (4.43) 참고 : 2016 년연간수익률상위 ETF 자료 : Bloomberg, 삼성증권 삼성증권 11

Commodity ETF 현황 Commodity ETF (1) Code Name Exchange Benchmark 수익률거래대금 AUM (YTD,%) (3M 평균, 천달러 ) (mil USD) CRB SP LYXOR ETF COMMODITIES THOMSO Singapore CRYTR (9.94) 6.0 720.33 2038 JP NOMURA NEXT TCM LEVE OIL ETN Tokyo NTCS11LV (31.11) 24,484.4 406.00 1540 JP JAPAN PHYSICAL GOLD ETF/MUFG Tokyo MUTFGOLD 7.49 2,506.1 394.64 1671 JP SIMPLEX WTI CRUDE OIL ID ETF Tokyo N.A. (24.45) 10,499.4 345.39 GOLD AU ETFS PHYSICAL GOLD ASE GOLDLNPM 17.43 831.3 331.97 1699 JP NEXT FUNDS NOMURA CRUDE OIL Tokyo NMLSCOIL (26.63) 8,667.6 298.61 GBEES IN GOLDMAN GOLD ETF-GOLD BEES N.S. India N.A. 13.52 675.1 242.02 159937 CH BOSERA GOLD OPEN-END ETF Shenzhen N.A. 14.49 110.4 218.04 CRN SP LYXOR ETF COMMODITIES THOMSO Singapore CRYNETR (4.69) 3.8 212.20 130680 KS MIRAE TIGER WTI FUT ETF Korea SPGSCLP (10.07) 4,774.8 199.11 00642U TT YUANTA S&P GSCI OIL ER ETF Taiwan N.A. (7.73) 6,415.7 196.38 REGOLD IN R* SHARES GOLD ETF N.S. India N.A. 12.12 72.6 193.42 SGETS IN SBI-ETF GOLD N.S. India N.A. 13.03 163.8 136.49 518880 CH HUAAN YIFU GOLD ETF Shanghai SHGF9999 14.11 10,214.0 110.30 3081 HK VALUEGOLD ETF Hong Kong GOLDLNAM 13.71 74.4 97.03 1541 JP JAPAN PHYSICAL PLAT ETF/MUFG Tokyo MUTFPLAT (0.90) 1,251.4 85.29 HDFGOLD IN HDFC GOLD ETF N.S. India N.A. 12.15 58.1 83.83 KOGOLD IN KOTAK GOLD ETF N.S. India N.A. 12.93 75.1 69.32 UTIGOL IN UTI GOLD EXCHANGE TRADED FND N.S. India N.A. 13.15 109.5 66.31 L5F SP DBX CMDTY BOOSTER Singapore DBCMDCTU (2.62) 8.5 57.80 2039 JP NOMURA NN NK TCM INV OIL ETN Tokyo NTCS11IV 4.46 3,204.3 55.10 1328 JP GOLD-PRICE-LINKED ETF Tokyo GOLDLNPM 4.86 184.8 53.97 132030 KS SAMSUNG KODEX GOLD FUTURES Korea SPGSGCTR 14.18 610.9 47.92 1542 JP JAPAN PHYSICAL SILV ETF/MUFG Tokyo MUTFSILV 3.61 250.2 39.28 137610 KS MIRAE TIGER AGRI FUTURES ETF Korea SGECASP (2.30) 142.5 35.44 ETPMAG AU ETFS PHYSICAL SILVER ASE SLVRLN 12.28 68.6 34.44 AXGOLD IN AXIS GOLD ETF N.S. India N.A. 18.41 11.6 34.30 00635U TT YUANTA S&P GSCI GOLD ER ETF Taiwan SPGSGCP 13.96 331.1 24.24 OOO AU BETASHARES CRUDE OIL ASE SPGCCLP (23.18) 401.8 23.28 QAU AU BETASHARES GOLD BULLION ETF ASE GOLDLNAM 15.36 175.4 21.11 2036 JP NOMURA NEXT GOLD DBL BUL ETN Tokyo NTCCS4LV 15.32 387.5 20.87 144600 KS KODEX SILVER FUTURES ETF Korea SPGSSITR 10.39 151.2 19.71 ICPGOLD IN ICICI PRUDENTIAL GOLD ETF N.S. India N.A. 9.16 10.9 16.95 159934 CH E FUND GOLD TRADE OP END ETF Shenzhen SHGF9999 14.16 1,096.0 16.60 IDBIGLD IN IDBI GOLD ETF N.S. India N.A. 13.69 11.4 14.36 CRGETF IN CANARA ROBECO GOLD ETF N.S. India N.A. 14.58 38.6 12.33 BSLGOLD IN BIRLA SUN LIFE GOLD ETF N.S. India N.A. 13.76 4.4 10.99 GLD TB KTAM GOLD ETF TRACKER Bangkok GOLDLNAM 11.18 20.5 10.35 L5G SP DBX CMDTY BOOSTER LIGHT ENGY Singapore DBCMBUTN (4.10) 15.4 10.26 BCHAY TB BUALUANG CHAY GOLD ETF Bangkok THGOBRBY (1.25) 0.6 10.21 3117 HK ETFS PHYSICAL SILVER ETF Hong Kong SLVRLN 10.80 39.7 10.00 QTGOLD IN QUANTUM GOLD FUND N.S. India N.A. 12.32 9.0 9.60 83168 HK HANG SENG RMB GOLD ETF Hong Kong GOLDLNAM 15.37 16.6 9.36 KG965 TB K GOLD ETF Bangkok GOLDLNAM (1.27) 1.2 8.15 TGOLDETF TB THANACHART GOLD ETF Bangkok GOLDLNAM 11.32 10.9 6.70 참고 : Ticker 는 Bloomberg 용, 2016 년 2 월 15 일종가기준자료 : Bloomberg, 삼성증권 삼성증권 12

Commodity ETF (2) Code Name Exchange Benchmark 수익률거래대금 AUM (YTD,%) (3M 평균, 천달러 ) (mil USD) REGGOLD IN RELIGARE INVESCO GOLD ETF N.S. India N.A. 16.02 1.8 6.36 518800 CH GUOTAI GOLD ETF Shanghai SHGF9999 15.71 284.3 5.99 1543 JP JAPAN PHYSICAL PALL ETF/MUFG Tokyo MUTFPALL (11.68) 38.5 5.71 QCB AU BETASHARES COMMODITY ASE SPGCLEP (6.06) 9.2 5.15 160580 KS MIRAE TIGER PHYSICAL COPPER Korea SPGSCO (0.91) 9.6 5.12 2022 JP IPATH S&P GSCI PREC META JDR Tokyo SPGCPMTR 2.05 0.9 5.04 2037 JP NOMURA NEXT INVERSE GOLD ETN Tokyo NTCCS4IV (7.39) 31.1 4.71 2028 JP IPATH S&P GSCI LIVESTOCK JDR Tokyo SPGCLVTR (16.31) 0.6 4.25 138920 KS SAMSUNG KODEX SOYBEANS ETF Korea SPGCSOTR 0.35 15.2 4.11 2026 JP IPATH S&P GSCI GRAINS TR JDR Tokyo SPGCGRTR (5.93) 3.2 3.81 2025 JP IPATH S&P GSCI AGRI TR JDR Tokyo SPGCAGTR (16.30) 0.8 3.63 ETPMPM AU ETFS PHYSICAL PM BASKET ASE N.A. 11.19 13.3 3.46 2027 JP IPATH S&P GSCI SOFTS T R JDR Tokyo SPGCSFTR (15.01) 0.8 3.42 138910 KS SAMSUNG KODEX COPPER ETF Korea SPGCHGTR (2.42) 43.5 3.34 1682 JP NEXT FUNDS PLATINUM NOMU ETF Tokyo TMECSUB6 (4.64) 30.9 3.21 2023 JP IPATH GSCI INDUSTRI META JDR Tokyo SPGCINTR (26.88) 0.6 2.71 GOLD99 TB THAIDEX GOLD ETF Bangkok GOLDLNAM (3.63) 1.7 2.65 2830 HK ETFS PHYSICAL GOLD ETF Hong Kong GOLDLNPM 15.69 35.8 2.45 ETPMPT AU ETFS PHYSICAL PLATINUM ASE PLTMLNPM 11.66 14.7 2.44 2021 JP IPATH S&P GSCI TR INDEX JDR Tokyo SPGCCITR (15.95) 1.6 2.33 3119 HK ETFS PHYSICAL PLATINUM ETF Hong Kong PLTMLNPM 8.45 20.1 1.88 QAG AU BETASHARES AGRICULTURE ASE SGECASP (4.64) 29.9 1.80 2024 JP IPATH S&P GSCI ENERGY TR JDR Tokyo SPGCENTR (10.46) 1.3 1.47 ZGOL AU ANZ ETFS PHYSICAL GOLD ETF ASE GOLDLNAM 17.09 11.8 0.87 ETPMPD AU ETFS PHYSICAL PALLADIUM ASE PLDMLNPM (11.22) 12.4 0.86 ETPOIL AU ETFS BRENT CRUDE OIL ASE BCOMCO (13.98) 11.6 0.57 1683 JP MIZUHO GOLD ETF Tokyo TMECSUB4 2.63 5.0 0.51 ETPGRN AU ETFS GRAINS ASE BCOMGRTR 2.55 10.3 0.51 ETPCOP AU ETFS COPPER ASE BCOMHGTR 2.00 69.6 0.36 ETPAGR AU ETFS AGRICULTURE ASE BCOMAGTR (6.61) 19.0 0.34 ETPGAS AU ETFS NATURAL GAS ASE BCOMNGTR (5.00) 1.5 0.13 ETPWHT AU ETFS WHEAT ASE BCOMWHTR 0.39 3.4 0.13 ETPCMD AU ETFS ALL COMMODITIES ASE BCOMTR (7.75) N.A. 0.06 ETPNRG AU ETFS ENERGY ASE BCOMENTR (53.74) 4 0.06 ETPIND AU ETFS INDUSTRIAL METALS ASE BCOMINTR 2.69 N.A. 0.05 ETPCRN AU ETFS CORN ASE BCOMCNTR (14.58) N.A. 0.03 참고 : Ticker 는 Bloomberg 용, 2016 년 2 월 15 일종가기준자료 : Bloomberg, 삼성증권 삼성증권 13

Bond ETF 현황 Code Name Exchange Benchmark 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (mil USD) 2821 HK ABF PAN ASIA BOND INDEX FUND Hong Kong ABTRPAUH 1.65 274.1 3,005.8 153130 KS SAMSUNG KODEX KRW CASH ETF Korea FNGDKRWC 0.22 1,963.8 1,073.0 511220 CH SSE PLEDGE URBAN INVE BD ETF Shanghai N.A. 0.52 610.1 964.9 157450 KS MIRAE TIGER MONEY MARKET ETF Korea KISMTP 0.18 224.0 619.8 AAA AU BETASHARES AUS HIGH INTEREST ASE N.A. 0.31 3,046.4 601.3 214980 KS SAMSUNG KODEX KRW CASH ETF Korea KBPMKRC+ 0.27 984.6 575.6 SBIF SP ABF SINGAPORE BOND INDX FUND Singapore ABTRSG 2.59 17.5 407.2 2819 HK ABF HONG KONG BOND INDEX FD Hong Kong ABTRHK (0.06) 17.3 363.5 MBIF MK ABF MALAYSIA BOND INDEX FUND Bursa Malaysia ABTRMALA 2.00 11.8 329.1 190160 KS ARIRANG SHORT-TERM BOND ETF Korea KBPMMMIF 0.31 95.0 300.1 196230 KS KB KSTAR SHORT TERM MSB ETF Korea N.A. 0.23 115.6 242.6 VAF AU VANGUARD AUST FI INTERST ETF ASE BACM0 1.31 839.0 234.8 IAF AU ISHARES COMPOSITE BOND ETF ASE BACM0 1.17 1,245.4 219.4 511010 CH GUOTAI SSE 5-YR CHINA TREAS Shanghai N.A. 0.24 21,429.9 171.5 226810 KS KY AXA POWER SHORT TERM ETF Korea KBPMSTBI 0.27 13.2 161.1 LBEES IN GOLDMAN LIQUID ETF BEES N.S. India N.A. 0.00 14,871.0 130.6 190620 KS KIM KINDEX SHRT TRM MMM ETF Korea KISKMB1Y 0.24 412.2 125.8 114100 KS KB KSTAR KTB ETF Korea KTBDP 0.68 156.5 121.8 130730 KS KIWOOM KOSEF ENHANCED CASH E Korea MKMMITR 0.22 20,653.0 112.8 114470 KS KIWOOM KOSEF KTB ETF - FIXED Korea KTBDP 0.75 54.5 99.5 RGB AU RUSSELL AUS GOVT BOND ETF ASE DBLNAUSO 2.04 1,104.2 98.1 83199 HK CSOP CHINA 5Y TRE BD ETF RMB Hong Kong CWTBTRID (0.82) 71.2 91.0 RSM AU RUSSELL AUS SEMI-GOVT BOND ASE DBLNAUSS 0.95 676.3 88.6 AJAC SP ISHARES JPM USD ASIA BOND Singapore JPEIJACC 1.17 532.4 71.3 3141 HK BMO ASIA USD INVEST GR ETF Hong Kong BAIGTRUU 1.33 13.9 69.5 176710 KS KYOBOAXA POWER KTB ETF BOND Korea N.A. 0.70 482.3 65.6 159926 CH HARVEST CSI G-E MED TREA BD Shenzhen CSIH1017 (0.43) 14.2 64.6 AHYG SP ISHARES ASIA HIGH YIELD BD Singapore BAHDTRUU (0.98) 332.7 63.0 1677 JP NIKKO ETF INL BOND CITI WGBI Tokyo SBWJNJYU (3.62) 142.4 62.1 RCB AU RUSSELL AUS SEL CORP BOND ASE DBLNAUCO 1.05 110.9 56.6 190150 KS ARIRANG BARBELL BOND ETF Korea KBPMBBIF 0.91 11.9 54.6 VGB AU VANGUARD AUS GOVT BD ETF ASE BAGV0 1.98 172.3 48.3 136340 KS KB-KSTAR CREDIT BOND ETF Korea KBICTR 0.89 24.9 45.4 122260 KS KIWOOM KOSEF MSB ETF - FIXED Korea KISKMSB 0.36 3,256.8 43.2 ILB AU ISHARES GOVERNMENT INFLATI E ASE BAIG0 (0.13) 165.6 39.1 114260 KS SAMSUNG KODEX TBOND ETF Korea MKFTR 0.71 254.0 27.8 114820 KS MIRAE ASSET TIGER KTB3 ETF Korea KTBDP 0.68 70.7 27.3 KV4 SP DBX II IBX ABF SINGAPORE GOV Singapore ABTRSGGO 2.77 14.9 25.7 148070 KS WOORI KOSEF 10Y KTB ETF Korea KISKK10Y 2.28 81.5 21.8 BOND AU SPDR S&P/ASX AUSTRALIAN BOND ASE SPBDASXT 2.13 126.1 15.2 167860 KS WOORI KOSEF 10Y KTB LEVG ETF Korea KISKK10Y 4.44 48.7 15.1 511210 CH BOSERA SSE CORP BOND 30 ETF Shanghai SH000061 (0.17) 19.6 15.0 IGB AU ISHARES TREASURY ETF ASE BATY0 1.92 32.9 13.3 83139 HK ISHARES RMB BOND INX ETF-CNY Hong Kong CFIIRCIL 0.00 49.5 13.2 83122 HK CSOP CHINA ULTRA ST BON F-RM Hong Kong CFIIGPSL (0.20) 341.7 10.2 LICGSLT IN LIC NOMURA G-SEC LONG T ETF N.S. India N.A. 0.90 0.2 9.9 176950 KS SAMSUNG KODEX 10Y F-LKTB ETF Korea FLKTB (1.85) 14.9 8.3 182490 KS MIR TIGER SYNTH-IBOXX HY ETF Korea IBXXSHY1 (3.45) 16.8 7.5 82808 HK E FUND CITI CHI GOV 5-10 RMB Hong Kong SBCN50L (2.26) 3.8 7.0 152380 KS SAMSUNG-KODEX 10Y F-LKTB ETF Korea FLKTB 2.34 57.6 5.9 114460 KS KITM KINDEX TB ETF Korea KTBDP 0.72 17.0 5.3 GOVT AU SPDR S&P/ASK AUS GOVT BOND ASE SPBDAGVT 1.68 99.0 3.7 IHHY AU ISHARES GLB HIGH YLD BD A HG ASE IBXXGH50 (3.80) 8.7 N.A. 참고 : Ticker 는 Bloomberg 용, 2016 년 2 월 15 일종가기준자료 : Bloomberg, 삼성증권 삼성증권 14

Currency ETF 현황 Code Name Exchange Benchmark 수익률거래대금 AUM (YTD,%) (3M 평균, 천달러 ) (mil USD) USD AU BETASHARES US DOLLAR ETF ASE N.A. 1.94 2,266.7 345.49 138230 KS WOORI KOSEF USD FUTURES ETF Korea F-USDKRW 3.72 1,540.8 31.47 3026 HK DBX II AUSTR DOLLAR CASH Hong Kong DBMMAUDO (1.20) 8.6 21.73 225800 KS KW KOSEF SYNTH-USD F LV ETF Korea F-USDKRW 5.74 1,119.9 17.34 230480 KS KW KOSEF STH-US F INV 2X ETF Korea FUSDKIN2 (5.92) 704.8 15.19 POU AU BETASHARES BRITISH POUND ETF ASE N.A. 0.25 39.2 5.80 139660 KS WOORI KOSEF USD INVERSE ETF Korea F-USDKRW (2.63) 626.6 5.06 ZUSD AU ANZ ETFS PHYSICAL USD ETF ASE N.A. 2.55 20.1 2.70 EEU AU BETASHARES EURO ETF ASE N.A. 4.49 24.8 2.411 ZCNH AU ANZ ETFS PHYSICAL RMB ETF ASE N.A. 0.99 3.2 0.159 500011 KS SHINHAN DOLLAR INX F ETN H11 Korea SPUSDTR -2.203 7.1 N.A. 500012 KS SHINHAN INVS DR IND ETN H 10 Korea SPUSDT1I 1.97 0.4 N.A. 참고 : Ticker 는 Bloomberg 용, 2016 년 2 월 15 일종가기준자료 : Bloomberg, 삼성증권 삼성증권 15

KOREA Exchange ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) 069500 KS SAMSUNG KODEX 200 ETF Samsung Asset Management Equity KOSPI2 (4.54) 160,791 3,737.09 122630 KS SAMSUNG KODEX LEVERAGE ETF Samsung Asset Management Equity KOSPI2LG (9.93) 200,651 2,124.62 102110 KS MIRAE TIGER 200 ETF Mirae Asset Global Investments Equity KOSPI2 (4.77) 28,166 1,441.62 153130 KS SAMSUNG KODEX KRW CASH ETF Samsung Asset Management Fixed Income FNGDKRWC 0.22 1,964 1,073.02 105190 KS KITM KINDEX200 ETF Korea Investment Management Equity KOSPI2 (4.89) 11,133 714.51 148020 KS KB KSTAR 200 ETF KB Asset Management Equity KOSPI2 (4.72) 16,434 692.68 157450 KS MIRAE TIGER MONEY MARKET ETF Mirae Asset Global Investments Fixed Income KISMTP 0.18 224 619.80 102780 KS SAMSUNG KODEX SAMSUNG GR ETF Samsung Asset Management Specialty FNGDSSGR (5.45) 910 577.50 214980 KS SAMSUNG KODEX KRW CASH ETF Samsung Asset Management Fixed Income KBPMKRC+ 0.27 985 575.59 152870 KS KYOBO AXA-POWER K200 ETF Kyobo AXA Investment Management Equity KOSPI2 (5.23) 1,758 415.34 152100 KS HANWHA-ARIRANG KOSPI200 ETF Hanwha Asset Management Equity KOSPI2 (5.23) 3,842 386.60 139280 KS MIRAE TIGER CONSUMER ETF Mirae Asset Global Investments Equity KSP2CS (4.33) 3,742 380.68 114800 KS SAMSUNG KODEX INVERSE ETF Samsung Asset Management Equity FKOSPI2 4.92 113,625 331.26 150460 KS MIRAE TIGER CH CONSMER ETF Mirae Asset Global Investments Equity FNGDCDTI (8.38) 1,011 312.55 190160 KS ARIRANG SHORT-TERM BOND ETF Hanwha Asset Management Fixed Income KBPMMMIF 0.31 95 300.08 196230 KS KB KSTAR SHORT TERM MSB ETF KB Asset Management Fixed Income N.A. 0.23 116 242.60 069660 KS KIWOOM KOSEF 200 ETF Kiwoom Asset Management Equity KOSPI2 (5.09) 1,590 206.20 130680 KS MIRAE TIGER WTI FUT ETF Mirae Asset Global Investments Commodity SPGSCLP (10.07) 4,775 199.11 204480 KS TIGER SYNTH-CHINA A LVG ETF Mirae Asset Global Investments Equity SHSZ300 (37.14) 12,097 184.49 226810 KS KY AXA POWER SHORT TERM ETF Kyobo AXA Investment Management Fixed Income KBPMSTBI 0.27 13 161.14 190620 KS KIM KINDEX SHRT TRM MMM ETF Korea Investment Management Fixed Income KISKMB1Y 0.24 412 125.84 114100 KS KB KSTAR KTB ETF KB Asset Management Fixed Income KTBDP 0.68 157 121.83 130730 KS KIWOOM KOSEF ENHANCED CASH E Kiwoom Asset Management Fixed Income MKMMITR 0.22 20,653 112.78 114470 KS KIWOOM KOSEF KTB ETF - FIXED Kiwoom Asset Management Fixed Income KTBDP 0.75 54 99.46 168580 KS KINDEX CHINA A CSI300 ETF Samsung Asset Management Equity SHSZ300 (18.53) 4,231 88.03 123320 KS MIRAE TIGER 200 2X ETF Mirae Asset Global Investments Equity KOSPI2LG (10.04) 4,413 82.07 140950 KS KYOBO AXA POWER K100 ETF Kyobo AXA Investment Management Equity KOSPI100 (5.12) 10 73.81 192090 KS MIRAE ASSET TIGER CH A300ETF Mirae Asset Global Investments Equity SHSZ300 (18.82) 1,138 72.22 226490 KS SAMSUNG KODEX KOSPI ETF Samsung Asset Management Equity KOSPI (5.03) 3,843 71.58 161510 KS HANWHA ARIRANG HIGH DIVIDEND Hanwha Asset Management Equity FNGDADIV (0.33) 293 71.12 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 16

Tokyo Stock Exchange ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) 1321 JP NOMURA ETF - NIKKEI 225 Nomura Asset Management Equity NKY (15.83) 117,086 23,514.23 1306 JP NOMURA ETF - TOPIX Nomura Asset Management Equity TPX (16.43) 58,896 20,132.06 1330 JP NIKKO ETF - NKY 225 Nikko Asset Management Equity NKY (15.75) 22,412 11,435.05 1320 JP DAIWA ETF - NIKKEI 225 Daiwa Asset Management Equity NKY (15.83) 19,507 10,704.54 1305 JP DAIWA ETF - TOPIX Daiwa Asset Management Equity TPX (16.41) 4,079 9,651.14 1308 JP NIKKO ETF - TOPIX Nikko Asset Management Equity TPX (16.54) 5,779 9,476.57 1570 JP NEXT FUNDS NKY225 LVRGED ETF Nomura Asset Management Equity NKYLEV (31.13) 1,797,294 5,671.83 1346 JP MAXIS NIKKEI 225 ETF Mitsubishi UFJ Kokusai Asset Management Equity NKY (15.83) 9,265 5,512.66 1348 JP MAXIS TOPIX ETF Mitsubishi UFJ Kokusai Asset Management Equity TPX (16.62) 2,177 2,918.02 1329 JP ISHARES NIKKEI 225 ETF BlackRock Japan Equity NKY (15.86) 1,663 2,101.42 1591 JP NOMURA NEXT F JPX NIKKEI 400 Nomura Asset Management Equity JPNK400 (16.39) 6,395 1,890.17 1343 JP NEXT FUNDS REIT NOMURA ETF Nomura Asset Management Equity TSEREIT 2.79 1,776 1,323.54 1369 JP DIAM ETF NIKKEI 225 DIAM Equity NKY (15.52) 459 890.96 1345 JP LISTED J-REIT BI MONTHLY DVD Nikko Asset Management Equity TSEREIT 2.13 791 772.82 1593 JP MAXIS JPX-NIKKEI INDEX 400 Mitsubishi UFJ Kokusai Asset Management Equity JPNK400 (16.19) 1,859 676.18 1599 JP DAIWA ETF-JPX NIKKEI 400 Daiwa Asset Management Equity JPNK400 (16.30) 776 504.47 1595 JP NZAM ETF J-REIT INDEX Norinchukin Zenkyoren Asset Management Equity N.A. 2.70 11 497.79 1592 JP NIKKO ETF JPX NIKKEI IDX 400 Nikko Asset Management Equity JPNK400 (16.07) 297 464.20 2038 JP NOMURA NEXT TCM LEVE OIL ETN Nomura Europe Finance NV Commodity NTCS11LV (31.11) 24,484 406.00 1579 JP SIMPLEX NKY225 BULL 2X ETF Simplex Asset Management Equity NKYLEV (31.08) 133,441 399.29 1540 JP JAPAN PHYSICAL GOLD ETF/MUFG Mitsubishi UFJ Trust & Banking Corp Commodity MUTFGOLD 7.49 2,506 394.64 1577 JP NEXT FUNDS JPN EQT DVD70 ETF Nomura Asset Management Equity NMRIJOHD (14.18) 431 384.02 1364 JP ISHARES JPX NIKKEI 400 ETF BlackRock Japan Equity JPNK400 (16.35) 1,288 383.05 1571 JP NEXT FUNDS NKY225 INVERS ETF Nomura Asset Management Equity NKYINV 15.14 4,504 371.49 1475 JP ISHARES TOPIX ETF BlackRock Japan Equity TPX (15.17) 1,800 355.26 1357 JP NEXT FUNDS NK22 D-INVRS ETF Nomura Asset Management Equity NKYDIN 28.51 135,107 351.35 1671 JP SIMPLEX WTI CRUDE OIL ID ETF Simplex Asset Management Commodity N.A. (24.45) 10,499 345.39 1597 JP MAXIS J-REIT ETF Mitsubishi UFJ Kokusai Asset Management Equity N.A. 2.16 87 340.72 1473 JP DIAM ETF TOPIX DIAM Equity TPX (14.32) 529 334.06 1699 JP NEXT FUNDS NOMURA CRUDE OIL Nomura Asset Management Commodity NMLSCOIL (26.63) 8,668 298.61 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 17

Hong Kong Stock Exchange ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) 2800 HK TRACKER FUND OF HONG KONG State Street Global Advisors Asia Equity HSI (13.48) 145,501 8,237.14 2828 HK HANG SENG H-SHARE IND ETF-HK Hang Seng Investment Management Equity HSI21N (18.31) 157,006 5,146.55 2833 HK HANG SENG INDEX ETF-HKD Hang Seng Investment Management Equity HSI1N (13.38) 560 4,515.83 2823 HK ISHARES FTSE A50 CHINA INDEX BlackRock Asset Management North Asia Equity TX9HKNRH (18.58) 149,690 4,102.53 2821 HK ABF PAN ASIA BOND INDEX FUND State Street Global Advisors Singapore Fixed Income ABTRPAUH 1.65 274 3,005.79 82822 HK CSOP FTSE CHINA A50 ETF-RMB CSOP Asset Management Equity XINA50NC (19.19) 7,506 2,295.02 83188 HK CHINAAMC CSI 300 IDX ETF-CNY China Asset Management HK Equity SHSZ300 (21.52) 3,674 1,209.62 2827 HK WISE - CSI 300 CHINA TRACKER BOCI-Prudential Asset Management Equity SHSZ300 (19.64) 4,669 411.05 2819 HK ABF HONG KONG BOND INDEX FD HSBC Investment Funds HK Fixed Income ABTRHK (0.06) 17 363.54 3049 HK DBX CSI 300 Deutsche Asset & Wealth Management Equity SHSZ300 (21.34) 243 292.86 2801 HK ISHARES MSCI CHINA INDEX ETF BlackRock Asset Management North Asia Equity NDEUCHF (16.40) 806 214.33 3055 HK DBX MSCI CHINA Deutsche Asset & Wealth Management Equity NDEUCHF (16.43) 1 136.09 3045 HK DBX MSCI INDIA Deutsche Asset & Wealth Management Equity NDEUSIA (10.73) 34 107.95 3081 HK VALUEGOLD ETF Sensible Asset Management HK Commodity GOLDLNAM 13.71 74 97.03 2836 HK ISHARES S&P BSE SENSEX INDIA BlackRock Asset Management North Asia Equity SENSEX (10.95) 150 91.27 83199 HK CSOP CHINA 5Y TRE BD ETF RMB CSOP Asset Management Fixed Income CWTBTRID (0.82) 71 91.05 3099 HK DBX MSCI INDONESIA Deutsche Asset & Wealth Management Equity NDEUINF 9.11 55 82.50 3141 HK BMO ASIA USD INVEST GR ETF BMO Global Asset Management Asia Fixed Income BAIGTRUU 1.33 14 69.53 3040 HK HORIZONS MSCI CHINA ETF Mirae Asset Global Investments HK Equity NDELCHF (15.85) 95 61.97 2825 HK WISE - CSI HK100 TRACKER BOCI-Prudential Asset Management Equity CSIH1100 (14.35) 181 53.66 3145 HK BMO ASIA HIGH DIVIDEND ETF BMO Global Asset Management Asia Equity DAAXJPHN (9.10) 1 44.50 82811 HK HAITONG CSI 300 INDEX ETF-RB Hai Tong Asset Management HK Equity SHSZ300 (21.66) 12 42.83 3110 HK HORIZONS HANG SENG HI DVD YL Mirae Asset Global Investments HK Equity HSI52N (11.57) 40 36.72 83147 HK CSOP SZSE CHINEXT ETF-CNY CSOP Asset Management Equity SZ399006 (24.11) 15 34.78 83128 HK HANG SENG CHINA A TOP ETF RB Hang Seng Investment Management Equity HSCAIT (19.39) 31 31.80 3073 HK SPDR FTSE GREATER CHINA ETF State Street Global Advisors Asia Equity GPSSG239 (12.28) 99 31.39 2846 HK ISHARES CSI 300 A-SHARES IN BlackRock Asset Management North Asia Equity CSICU007 (20.28) 46 29.42 83118 HK HARVEST MSCI CHINA A IDX-CNY Harvest Global Investments Equity MXCN1A (24.53) 38 27.86 3134 HK KODEX HSI FUTURES RMB FX ETF Samsung Asset Management HK Specialty HSFRFI (12.84) 2 22.90 3157 HK CHINAAMC HANG SENG SM-CP ETF China Asset Management HK Equity HSSI (16.70) 65 22.13 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 18

CHINA (Shanghai) Exchange ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) 510050 CH CHINA 50 ETF China Asset Management Equity SSE50 (19.33) 128,881 4,789.13 510300 CH HUATAI-PB CSI 300 ETF Huatai-PineBridge Fund Management Equity SHSZ300 (20.96) 112,086 3,386.71 510500 CH CHINA CSI 500 ETF China Southern Fund Management Equity N.A. (25.08) 28,036 3,172.95 510180 CH SHANGHAI SSE180 ETF HuaAn Fund Management Equity SSE180 (21.22) 5,902 2,962.59 510330 CH CHINA AMC CSI 300 INDEX ETF China Asset Management Equity SHSZ300 (21.09) 1,837 2,768.04 511810 CH CN-SOUTHERN CASH MGT MMF ETF China Southern Fund Management Money Market N.A. (0.02) 269,507 1,956.97 511220 CH SSE PLEDGE URBAN INVE BD ETF HFT Investment Management Fixed Income N.A. 0.52 610 964.91 510900 CH E FUND CHINA ENTERPRISES ETF E Fund Management Equity HSCEI (17.69) 45,380 797.30 510310 CH E FUND CSI 300 ETF E Fund Management Equity SHSZ300 (20.66) 1,006 667.05 510230 CH GUOTAI SHANGHAI 180 FIN ETF Guotai Asset Management Equity SH000018 (19.19) 821 554.92 511830 CH HUATAI-PB TRADED MONEY MKT F Huatai-PineBridge Fund Management Money Market N.A. (0.02) 31,810 553.36 510510 CH GUANGFA CSI 500 ETF GF Fund Management Equity SH000905 (25.09) 2,602 259.35 512070 CH E FUND CSI 300 FIN EX BA ETF E Fund Management Equity N.A. (26.32) 1,057 226.93 512500 CH CHINA AMC CSI 500 ETF China Asset Management Equity SH000905 (25.68) 807 177.96 511010 CH GUOTAI SSE 5-YR CHINA TREAS Guotai Asset Management Fixed Income N.A. 0.24 21,430 171.54 510160 CH CHINA SECURITY SOUTHERN ETF China Southern Fund Management Equity CSIR0901 (22.53) 175 128.43 512220 CH INVESCO CSI TMT 150 ETF INVESCO Great Wall Fund Management Equity N.A. (25.91) 17 117.83 518880 CH HUAAN YIFU GOLD ETF HuaAn Fund Management Commodity SHGF9999 14.11 10,214 110.30 510010 CH BCOMM SCHRODER SSE180 ETF Bank of Communications Schroder Fund Management Equity SSE180 (21.41) 59 104.63 510880 CH HUATAI-PB SSE DIVIDEND ETF Huatai-PineBridge Fund Management Equity SSEDIV (20.81) 553 99.41 512990 CH MSCI CHINA-A SHARE ETF FUND China Asset Management Equity MXCN1A (21.18) 399 82.46 510560 CH CHINA LIFE AMP CSI 500 ETF China Life AMP Asset Management Equity N.A. (24.08) 19 82.40 512510 CH HUATAI-PB CSI 500 ETF Huatai-PineBridge Fund Management Equity N.A. (25.38) 383 74.72 510130 CH E FUND SSE MID-CAP ETF E Fund Management Equity SH000044 (23.68) 92 52.28 513660 CH C-AMC SH-HK STOCK CN HSI ETF China Asset Management Equity HSI (14.09) 168 48.09 510290 CH CHINA SOUTHERN SSE 380 ETF China Southern Fund Management Equity SH000009 (25.27) 379 47.28 510630 CH CHINAAMC CONSUMER STAPLES China Asset Management Equity SH000108 (20.20) 182 46.84 510060 CH ICBC CRED SUISSE CENT 50 ETF ICBC Credit Suisse Asset Management Equity SH000042 (22.42) 508 46.05 510020 CH BOSERA SSE LARGE CAP ETF Bosera Asset Management Equity SH000043 (17.39) 21 40.01 510420 CH INVESCO GREAT WAL SSE 180 EW INVESCO Great Wall Fund Management Equity SH000053 (23.47) 26 36.57 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 19

CHINA (Shenzen) Exchange ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) 159919 CH HARVEST CSI 300 INDEX ETF Harvest Fund Management Equity SHSZ300 (20.28) 10,293 3166.88 159901 CH E FUND SZSE100 INDEX FUND E Fund Management Equity SI100 (21.50) 6,912 907.71 159922 CH HARVEST CSI 500 ETF Harvest Fund Management Equity SH000905 (25.65) 245 868.74 159915 CH E FUND CHINEXT PRICE INDEX E Fund Management Equity SZ399006 (20.56) 105,974 637.14 159003 CH CHINA MERCHANTS SEC DEP MM-A China Merchants Fund Management Money Market N.A. (0.00) 66,847 499.08 159902 CH CHINA SME ETF China Asset Management Equity SZ399601 (23.57) 24,220 454.55 159937 CH BOSERA GOLD OPEN-END ETF Bosera Asset Management Commodity N.A. 14.49 110 218.04 159925 CH CHINA SOUTH KAIYUAN CSI300 China Southern Fund Management Equity SHSZ300 (20.48) 170 191.62 159928 CH CHINA UNIVERSAL CSI CONSUM China Universal Asset Management Equity CSIR0932 (18.65) 30 185.39 159001 CH E FUND SWIFT CASH MONEY MK-A E Fund Management Money Market N.A. (0.01) 19,600 131.08 159938 CH GF CSI ALL SHARE MED&HLH ETF GF Fund Management Equity N.A. (22.37) 189 120.63 159943 CH DACHENG SZSE COMPONENT ETF Dacheng Fund Management Equity N.A. (23.69) 693 118.55 159920 CH CHINA AMC HANG SENG ETF China Asset Management Equity HSI (14.65) 3,578 110.62 159903 CH SZSE COMPONENT INDEX FUND ET China Southern Fund Management Equity SICOM (23.71) 824 98.03 159939 CH GF CSI ALL SH INFOR TECH ETF GF Fund Management Equity N.A. (25.78) 1,047 90.99 159936 CH GF CSI ALL SH CON DIS IX ETF GF Fund Management Equity SH000931 (25.31) 19 77.16 159933 CH UBS SDIC CSI 300 FINL & PROP UBS SDIC Fund Management Equity SH000914 (13.42) 233 71.93 159926 CH HARVEST CSI G-E MED TREA BD Harvest Fund Management Fixed Income CSIH1017 (0.43) 14 64.63 159907 CH GUANGFA SZSE SEM300 FUND ETF GF Fund Management Equity SZ399008 (27.12) 160 51.75 159905 CH ICBC SHENZHEN DVD PRICE ETF ICBC Credit Suisse Asset Management Equity SZ399324 (20.00) 194 44.47 159906 CH DACHENG SZSE GROWTH 40 INDEX Dacheng Fund Management Equity SZ399325 (17.37) 51 34.29 159940 CH GF CSI ALL SHARE FINA IX ETF GF Fund Management Equity N.A. (20.61) 101 26.97 159918 CH HARVEST SME CHINEXT 400 ETF Harvest Fund Management Equity SZ399624 (25.57) 28 26.58 159929 CH CHINA UNIVERS CSI HEALTH CAR China Universal Asset Management Equity CSIR0933 (21.57) 260 19.26 159942 CH HUARUN YUANDA SME-CN 100 ETF CR Yuanta Fund Management Equity N.A. (22.30) 50 19.08 159935 CH INVESCO GREAT WALL CSI500 EF INVESCO Great Wall Fund Management Equity SH000905 (25.48) 20 18.60 159945 CH GF CSI ALL SH ENERGY ETF GF Fund Management Equity N.A. (18.94) 43 16.99 159944 CH GF CSI ALL SH MATERIALS ETF GF Fund Management Equity N.A. (23.61) 81 16.91 159934 CH E FUND GOLD TRADE OP END ETF E Fund Management Commodity SHGF9999 14.16 1,096 16.60 159916 CH CCB SHENZHEN F60 INDEX ETF CCB Principal Asset Management Equity SZ399701 (19.68) 32 14.50 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 20

ASE (Australia Stock Exchange) ETF 자산규모상위 30 종목대상 (sort by AUM) Ticker Name 운용사 Asset B.M 수익률 거래대금 AUM (YTD,%) (3M평균, 천달러 ) (US$ M) STW AU SPDR S&P/ASX 200 FUND State Street Global Advisors Equity ASA51 (8.38) 12,616 1904.74 VAS AU VANGUARD AUST SHARES IDX ETF Vanguard Investments Equity AS52 (8.95) 4,893 911.74 AAA AU BETASHARES AUS HIGH INTEREST Betashares Capital Fixed Income N.A. 0.31 3,046 601.34 SLF AU SPDR S&P/ASX 200 LISTED PROP State Street Global Advisors Equity AS51PROP 1.00 466 427.45 VHY AU VANGUARD AUS HIGH YIELD Vanguard Investments Equity TGPVN13A (9.16) 1,202 419.26 VAP AU VANGUARD AU PROP SEC IDX ETF Vanguard Investments Equity AS52PROP 1.10 771 377.35 USD AU BETASHARES US DOLLAR ETF Betashares Capital Specialty N.A. 1.94 2,267 345.49 GOLD AU ETFS PHYSICAL GOLD ETFS Management Co Jersey Commodity GOLDLNPM 17.43 831 331.97 SFY AU SPDR S&P/ASX 50 FUND State Street Global Advisors Equity ASA31 (9.15) 1,073 288.13 IOZ AU ISHARES S&P/ASX 200 ETF BlackRock Investment Management Equity ASA51 (8.33) 1,036 264.11 VAF AU VANGUARD AUST FI INTERST ETF Vanguard Investments Fixed Income BACM0 1.31 839 234.80 IAF AU ISHARES COMPOSITE BOND ETF BlackRock Investment Management Fixed Income BACM0 1.17 1,245 219.45 YMAX AU BETASHARES AUS TOP 20 EQ YLD BetaShares Capital ETFs Equity ASA26 (8.66) 600 217.95 ILC AU ISHARES S&P/ASX 20 ETF BlackRock Investment Management Equity ASA26 (10.97) 1,046 192.20 RDV AU RUSSELL HIGH DVD AUS SHARES Russell Investment Management Equity RURAHDIA (11.71) 386 181.49 IHD AU ISHARES S&P/ASX DIVIDEND OPP BlackRock Investment Management Equity SPAXDIT (9.52) 389 153.81 VGS AU VANGUARD MSCI IND INTL ETF Vanguard Investments Equity EANREXAN (8.10) 706 128.58 RGB AU RUSSELL AUS GOVT BOND ETF Russell Investment Management Fixed Income DBLNAUSO 2.04 1,104 98.06 HVST AU BETASHARES AU DVD HARVESTER Betashares Capital Equity N.A. (1.39) 378 96.97 SYI AU SPDR MSCI AUS SELECT DVD State Street Global Advisors Equity MSCTAYAG (10.72) 232 94.36 WXOZ AU SPDR S&P WORLD EX AUSTRALIA State Street Global Advisors Equity SDAXAT (7.83) 116 91.10 RSM AU RUSSELL AUS SEMI-GOVT BOND Russell Investment Management Fixed Income DBLNAUSS 0.95 676 88.63 UBA AU UBS IQ MSCI AUSTRALIA ETF UBS Asset Management Equity M2CXUBSL (10.38) 1,137 79.11 QUAL AU MKT VECT MSCI WORLD QUALITY Market Vectors ETFs Equity M4CXMVIA (6.19) 326 59.33 MVW AU MARKET VECTORS AU EQL WEIGHT Market Vectors ETFs Equity MVMVWTRG (7.30) 363 56.72 RCB AU RUSSELL AUS SEL CORP BOND Russell Investment Management Fixed Income DBLNAUCO 1.05 111 56.55 QOZ AU BETASHARES FTSE RAFI AU 200 Betashares Capital Equity TFRAU200 (8.34) 258 55.43 IHOO AU ISHARES GLOBAL 100 AUD HEDGE BlackRock Investment Management Equity SP100AHN (9.67) 309 51.90 VGAD AU VANGUARD MSCI IND INTL SH HG Vanguard Investments Equity WHANWHNR (10.41) 386 49.78 DJRE AU SPDR DJ GLOBAL REAL ESTATE F State Street Global Advisors Equity DWGRSN (7.00) 261 49.57 참고 : Ticker, BM 은 Bloomberg 용, 2016 년 2 월 15 일기준자료 : Bloomberg, 삼성증권 삼성증권 21