ETFGI reports that assets invested in ETFs/ETPs listed in Middle East and Africa decreased by US$343 Mn in April 2018

LONDON — June 5, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa decreased by 1.03% during April 2018 to reach US$37.92 Bn at the end of the month. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in ETFs/ETPs listed in Middle East and Africa saw net outflows of $365 Mn during April 2018, to reach $37.92 Bn
  • Year-to-date, ETFs and ETPs listed in Middle East and Africa saw net outflows of $1.72 Bn

     

According to ETFGI’s April Middle East and Africa ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in Middle East and Africa decreased $2.05 Bn during 2018.

 

ETF and ETP asset growth as at end of April 2018: Middle East and Africa

April 2018 marked 7th consecutive month of net outflows into ETFs/ETPs listed in Middle East and Africa. During 2018 ETFs/ETPs listed in Middle East and Africa saw net outflows of $1.72 Bn; 56.13% more than net outflows for the same period in 2017.

The majority of these outflows can be attributed to the top 20 ETFs by net outflows, which collectively have suffered $432 Mn during 2018. The NewGold ETF (QLD SJ) on its own accounted for net outflows of $184 Mn.

 

Top 20 ETFs by net outflows: Middle East and Africa

Name 

Country

listed 

Ticker 

Assets  
(US$ Mn 
 Apr-18 

ADV  
(US$ Mn) 
Apr-18 

NNA  
(US$ Mn 
YTD 2018 

NewGold ETF 

South Africa 

GLD SJ 

1,148 

3.6 

(184) 

NewPalladium ETF 

South Africa 

NGPLD SJ 

129 

0.7 

(129) 

Arman Ati Kosar 

Iran 

FKOF1 

50 

- 

(27) 

Sygnia Itrix MSCI USA 

South Africa 

SYGUS SJ 

374 

0.3 

(23) 

Etfmad Afarin Persian 

Iran 

FATF1 

226 

- 

(16) 

Sygnia FTSE 100 

South Africa 

SYGUK SJ 

71 

0.1 

(14) 

SATRIX RESI 

South Africa 

STXRES SJ 

27 

0.1 

(9) 

SATRIX SWIX TOP 40 

South Africa 

STXSWX SJ 

39 

0.1 

(6) 

CoreShares PrefTrax 

South Africa 

PREFTX SJ 

21 

0.0 

(5) 

Kardan 

Iran 

SKDF1 

32 

- 

(4) 

Dollar Custodial Certificates 

South Africa 

DCCUSD SJ 

8 

0.0 

(4) 

Padash Tosse 

Iran 

SSPF1 

26 

- 

(2) 

Kamnd 

Iran 

KMND1 

27 

- 

(1) 

Amin Yekom 

Iran 

FAYF1 

27 

- 

(1) 

Parand 

Iran 

FPAF1 

27 

- 

(1) 

STANLIB Top 40 ETF 

South Africa 

STAN40 SJ 

57 

0.0 

(1) 

Tosse Andokhte Ayande 

Iran 

SATF1 

2 

- 

(1) 

NewFunds ILBI ETF 

South Africa 

NFILBI SJ 

5 

0.0 

(1) 

Arman Sepehr Ayandegan 

Iran 

CASF1 

2 

- 

(1) 

Sepehr Andishe Novin 

Iran 

CSNF1 

45 

- 

(1) 

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available

 

Similarly, the top 10 ETPs by net outflows collectively gathered $1.12 Bn year-to-date.
 
Top 10 ETPs by net outflows: Middle East and Africa

Name 

Country

listed 

Ticker 

Assets  
(US$ Mn 
 Apr-18 

ADV  
(US$ Mn 
Apr-18 

NNA  
(US$ Mn 
YTD 2018 

Tachlit 25 

Israel 

TC25 IT 

360 

1.6 

(224) 

Tachlit Jumbo D 

Israel 

TCPDD2 IT 

283 

3.7 

(169) 

AfricaPalladium ETF 

South Africa 

ETFPLD SJ 

228 

0.8 

(168) 

KSM25 

Israel 

KSM25 IT 

405 

1.4 

(149) 

Psagot 1 TA 25 D2 

Israel 

MTV251 IT 

478 

0.5 

(139) 

Psagot Sal S&P 500 NIS 

Israel 

PS50047 IT 

123 

0.5 

(81) 

KSM S&P Homebuilders ETN 

Israel 

KSM138 IT 

9 

0.0 

(56) 

AfricaRhodium ETF 

South Africa 

ETFRHO SJ 

30 

0.8 

(45) 

Harel Sal TA-25 

Israel 

HRL25 IT 

157 

0.3 

(43) 

Psagot SAL STOXX Europe 600 

Israel 

PSTX147 IT 

128 

0.0 

(41) 

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available

 

Fixed Income ETFs/ETPs listed in Middle East and Africa suffered net outflows of $127 Mn in April, bringing net outflows for 2018 to $528 Mn. Equity ETFs and ETPs experienced net outflows of $126 Mn in April, bringing net outflows for 2018 to $693 Mn.
South-African commodity products suffered the most with NewGold ETF (GLD SJ) and NewPalladium ETF (NGPLD SJ) topping the list for net outflows.

 

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