ETFGI reports that assets invested in ETFs and ETPs listed in Latin America reached US$7.99 billion at the end of June 2018

LONDON — July 31, 2018  — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs listed in Latin America reached US$7.99 billion at the end of June 2018; increasing by 3.91% from US$7.69 billion at the end of May. (All dollar values in USD unless otherwise noted.)

   Highlights 

  • Assets invested in ETFs listed Latin America increased by 3.91% during June 2018 to reach $7.99 Bn.    
  • Year-to-date, assets have increased by 17.6%, from $6.80 Bn at the end of 2017.
  • In June 2018, ETFs listed in the region saw net inflows of $273 Mn.

The S&P 500 was up 0.62% in June and 2.65% in the first half of 2018. International markets (developed ex US) and Emerging markets posted losses during June and during the first half of 2018, down 1.48% and 3.40% in June and 2.45% and 6.05% in the first half, respectively, driven by a strong dollar, trade concerns, and rising interest rates.

According to ETFGI’s June 2018 Latin America ETF industry insights report, an annual paid-for research subscription service, assets invested in ETFs listed in Latin America have increased by 17.6% year-to-date, from $6.80 Bn at the end of 2017. At the end of June 2018, the Latin America ETF industry had 47 ETFs, with 1,079 listings, from 33 providers on 5 exchanges.
 
Latin America ETF asset growth as at end of June 2018

 

 

In June 2018, ETFs listed in Latin America saw net inflows of $273 Mn. Equity products gathered the largest net inflows with $215 Mn, while inverse ETFs experienced the lowest net inflows with virtually zero flows. Year-to-date through end of June, ETFs listed in Latin America have seen net inflows of $1.72 Bn. Equity products have gathered the largest net inflows with $1.72 Bn, while currency ETFs experienced the largest net outflows with $28.9 Mn.

Investors have tended to invest in core, market cap and lower cost ETFs during 2018, with the iShares NAFTRAC (NAFTRAC MM) and Fondo Bursátil iShares COLCAP (ICOLCAP CB) capturing flows of $1.20 Bn and $174 Mn, respectively. A high proportion of net inflows year-to-date can be attributed to the top 20 ETFs by net new assets, which collectively gathered $1.91 Bn.
 
Top 20 ETFs by YTD net inflows: Latin America

Name

Country listed

Ticker

Assets
(US$ Mn)
 Jun-18

ADV
(US$ Mn)
Jun-18

NNA
(US$ Mn)
YTD 2018

iShares NAFTRAC

Mexico

NAFTRAC MM

3,088

54.7

1,198

Fondo Bursátil iShares COLCAP

Colombia

ICOLCAP CB

1,478

2.9

174

iShares Ibovespa Fundo de Indice

Brazil

BOVA11 BZ

1,033

67.7

126

iShares S&P 500 Peso Hedged Trac

Mexico

IVVPESO MM

122

4.1

106

MEXTRAC

Mexico

MEXTRAC MM

335

1.1

80

Fondo Mutuo It Now IPSA

Chile

CFMITNIP CI

188

1.8

51

It Now Ibovespa Fundo de Indice

Brazil

BOVV11 BZ

299

5.9

35

iShares S&P 500 FIC FI Investimento no Exterior

Brazil

IVVB11 BZ

97

3.4

30

iShares S&P/VALMER Mexico UDITRAC

Mexico

UDITRAC MM

46

1.3

25

ANGELD 10

Mexico

ANGELD MM

30

0.1

24

iShares S&P/VALMER Mexico M10TRAC

Mexico

M10TRAC MM

28

1.1

23

CHNTRAC 11

Mexico

CHNTRAC MM

135

0.1

21

QVGMEX 18

Mexico

QVGMEX MM

6

0.1

6

It Now S&P500 TRN Fundo de Indice

Brazil

SPXI11 BZ

45

0.2

3

iShares IBrX-Índice Brasil (IBrX-100) Fundo de Índice

Brazil

BRAX11 BZ

8

0.0

2

It Now IDIV Index Fund

Brazil

DIVO11 BZ

14

0.1

1

It Now IMAT Index Fund

Brazil

MATB11 BZ

9

0.0

1

BB ETF S&P Dividendos Brasil Fundo de Indice

Brazil

BBSD11 BZ

6

0.0

1

iShares S&P/VALMER Mexico CETETRAC

Mexico

CETETRC MM

19

0.1

0

BBVA - BMV FIBRAS TRAC

Mexico

FIBRATC MM

6

0.0

0

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.

 

Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.


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