Morgan Stanley-Asia Quantitative Strategy ADRs Flows Master – Institutiona...-109432512

MUpdateAsiaQuantitativeStrategy|AsiaPacificADRsFlowsMaster–InstitutionalOwnershipandShortInterestWeareseeinginflowintoAsianADRsinJuly,primarilyintoChina/HK,TaiwanandIndia(aroundUS$3bneach).InflowsfromhedgefundsareestimatedatUS$15bn,whilelong-onlytrimmedUS$4bn.ShortinterestinChinaADRsandH-sharesarebeingcoveredMTD.MorganStanleyAsiaLimited+JasonNg,CFAQuantitativeStrategistJason.Dl.Ng@morganstanley.com+8522848-8845MorganStanleyAsia(Singapore)Pte.+DanielKBlakeEquityStrategistDaniel.Blake@morganstanley.com+656834-6597Exhibit1:AsianADRs–Institutionalfundflows(US$m)inJulyandYTD2024Taiwan3,234.21,173.01,361.4(188.4)Japan398.210,079.7(2,359.8)12,439.6China/HK3,312.76,751.6(2,148.5)8,900.1Australia104.6189.0300.9(111.9)India3,188.53,585.8(768.0)4,353.9Korea92.228.9(91.4)120.3Indonesia72.2138.725.1113.6Singapore777.13,067.8682.12,385.7Philippines1.658.135.023.1CountryofRiskYTD-2024TotalHedgeFundsMutualFunds/ETFsJulyMTDSource:FactSet,Bloomberg,MorganStanleyResearch;dataasofJuly25,2024InflowintoChina/HK,TaiwanandIndiaTradingactivitiesinAsianADRsdecreased4%MTDwiththe30-dayaveragedailyvolumestandingatUS$10.6bnvs.US$11.1inJune.Thatsaid,activityin2024remainedhighvs.averageofUS$8.1bnin2023.JulyMTDfundinflowintoAsianADRsisestimatedatUS$11bn,dominatedbyhedgefundbuying.InflowshavebeenconcentratedinChina/HK,TaiwanandIndiaADRs.Key...