ETFGI reports that assets invested in ETFs and ETPs listed in Middle East and Africa reached US$36.4 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 assets invested in ETFs and ETPs listed in Middle East and Africa reached US$36.4 billion at the end of June 2018. (All dollar values in USD unless otherwise noted.)

Highlights 

  • Assets invested in ETFs/ETPs listed in Middle East and Africa decreased by 0.57% during June 2018 to reach $36.4 Bn.
  • Year-to-date, assets have decreased by 8.76% from $39.9 Bn at the end of 2017.
  • In June 2018, ETFs/ETPs listed in Middle East and Africa saw net outflows of $239 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 Middle East and African ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in the Middle East and Africa decreased by 0.57% from $36.6 Bn at the end of June. Year-to-date, assets have decreased by 8.76% from $39.9 Bn at the end of 2017. At the end of June 2018, the Middle East and African ETF/ETP industry had 825 ETFs/ETPs, with 838 listings, from 41 providers on 14 exchanges.

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

In June 2018, ETFs/ETPs listed in Middle East and Africa saw net outflows of $239 Mn. Leveraged products gathered the largest net inflows with $3.43 Mn, while commodities ETFs/ETPs experienced the largest net outflows with $141 Mn. Year-to-date through end of June, ETFs/ETPs listed in Middle East and Africa have seen net outflows of $2.35 Bn. Leveraged inverse products gathered the largest net inflows with $15.7 Mn, while equity ETFs/ETPs experienced the largest net outflows with $881 Mn.
 
Investors in Middle East and Africa have tended to invest in core, market cap and lower cost ETFs during 2018, with the Al Rayan Qatar ETF (QATR QD) and QE Index ETF (QETF QD) capturing flows of $150 Mn and $80.5 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 $583 Mn.
 
Top 20 ETFs by YTD net inflows: Middle East and Africa
 

Name Country listed Ticker Assets
(US$ Mn)
 Jun-18
ADV
(US$ Mn)
Jun-18
NNA
(US$ Mn)
YTD 2018
Al Rayan Qatar ETF Qatar QATR QD 139 0.1 150
QE Index ETF Qatar QETF QD 42 0.2 81
Sygnia Itrix S&P 500 ETF South Africa SYG500 SJ 89 0.1 79
Sygnia Itrix MSCI World South Africa SYGWD SJ 513 0.8 68
Satrix MSCI World ETF South Africa STXWDM SJ 34 0.1 20
NewPlat ETF South Africa NGPLT SJ 677 4.6 20
Sygnia Itrix MSCI Japan South Africa SYGJP SJ 53 0.1 18
Sygnia Itrix 4Ind Rev Gb South Africa SYG4IR SJ 17 0.0 17
Satrix Dividend Plus South Africa STXDIV SJ 116 0.3 14
Sygnia DJ EURO STOXX 50 South Africa SYGEU SJ 195 0.4 12
Satrix MSCI Emerging Markets ETF South Africa STXEMG SJ 26 0.1 12
SATRIX40 South Africa STX40 SJ 581 2.7 12
Ashburton RMB Top 40 South Africa ASHT40 SJ 58 0.2 12
NewFunds GOVI ETF South Africa NFGOVI SJ 36 0.5 11
Ashburton Mid Cap South Africa ASHMID SJ 29 0.5 11
Sepehr khebregan Naft Iran SSNF1 12 - 10
CoreShares S&P SA Top 50 ETF South Africa CTOP50 SJ 65 0.1 10
Satrix S&P 500 ETF South Africa STX500 SJ 20 0.1 10
Satrix Quality South Africa Portfolio South Africa STXQUA SJ 10 0.0 9
Sygnia Itrix Global Property ETF South Africa SYGP SJ 25 0.0 9

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 20 ETPs by net new assets collectively gathered $744 Mn year-to-date during 2018.
 
Top 20 ETPs by YTD net inflows: Middle East and Africa
 

Name Country listed Ticker Assets
(US$ Mn)
 Jun-18
ADV
(US$ Mn)
Jun-18
NNA
(US$ Mn)
YTD 2018
KSM S&P 500 Israel KSMSP IT 711 0.9 97
KSM Tel Bond 60 Israel KSBND64 IT 328 1.7 97
Psagot Sal S&P 500 Israel PSP IT 464 0.7 64
Psagot Sal Tel Bond-CPI Linked 3-5 Israel PTLB326 IT 62 0.9 63
Tachlit S&P Energy Select Sector (NTR) (4Da) Israel TCSP139 IT 72 0.0 42
KSM STOXX Europe 600 Israel KSST145 IT 100 0.1 37
Tachlit S&P Consumer Staples US IXRNTR Israel TCSP107 IT 48 0.0 36
KSM Tel Aviv Banks Israel KSMTABK IT 338 0.7 36
Psagot Sal NASDAQ 100 Israel PSNAS48 IT 281 0.5 33
Psagot Sal TA Banks Israel MBTGBN IT 317 0.6 29
Harel Sal S&P 500 Israel HRS&P25 IT 343 0.4 29
Harel Tel-Bond 60 Israel HRLTB60 IT 214 0.6 27
Psagot Sal Barclays US Corporate 1-5 Year Israel PSGT317 IT 50 0.3 27
KSM DJ Internet Composite ILS Israel KDJI165 IT 97 0.6 26
Harel STOXX600 Israel HRSTE77 IT 75 1.6 25
KSM Russell 2000 Israel KSMRU2K IT 87 0.4 20
Tachlit KOSPI 24 Israel TGKOS24 IT 15 0.0 15
Psagot Sal TEL Bond 60 D2 Israel MBB6049 IT 118 0.1 15
KSM All Countries Israel KSMACW IT 33 0.1 14
Psagot Sal Bond 60 Israel TALM613 IT 501 0.1 13

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.

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