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.
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.
###
Featured Events
ETFs Global Markets Roundtable conference in Hong Kong will be on Oct 9th
The ETFs Global Markets Roundtable events are a series of conferences organised by ETFGI and Capital Markets Strategies. Our first event took place in June 2017 in New York City. In 2018 ETFs Global Markets Roundtable conferences were held in London on April 19 (covering EMEA), New York on May 15 (covering USA/Latin America), and Toronto on May 31 (covering Canada). The events offer an opportunity for a substantive and in-depth discussion about the liquidity, trading, technological and regulatory developments impacting ETFs in the respective jurisdictions.
The links to our prior events are below:
London
New York
Toronto
The events are designed to provide the opportunity for buyside traders and portfolio managers from the institutional investor community, as well as other market participants and professionals involved in the ETF space, to hear current thoughts from industry leaders on ETF trends, market structure and regulation, and obtain a better understanding of how to trade and use ETFs, and of the impact that ETFs have on the markets and market structure.
Free registration for qualified institutional buyside portfolio managers and traders and for financial advisors.
If you are interested in sponsorship or participation at the conference, please contact Deborah Fuhr at deborah.fuhr@etfgi.com
Attribution Policy
The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.
About ETFGI
ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI. Our services are unique in their breadth and depth of coverage in monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more.
ETFGI SERVICES
ETFGI currently offers the following subscription services:
- ETFGI Basic Global ETFs and ETPs research service
- ETFGI Global Institutional Users of ETFs and ETPs Landscape report
- ETFGI Global Active ETF ETFs and ETPs Landscape report
- ETFGI Global Smart Beta Equity ETF ETFs and ETPs Landscape report
- ETFGI Global Currency Hedged ETFs and ETPs Landscape report
- ETFGI Global Leverage and Inverse ETFs and ETPs Landscape report
- ETFGI Global EM and FM ETFs and ETPs Landscape report
- ETFGI China ETFs and ETPs Landscape report
- ETFGI Trends in ETF Adoption by fund platforms in the UK report
- Custom reports and analysis
- ETFGI Weekly Newsletter – Premium
- ETFGI Weekly Newsletter (free subscription - register at www.etfgi.com)
- ETFs Global Markets Roundtable events 2018
ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry.
Please contact us at deborah.fuhr@etfgi.com if you would like further information on our services.
About Deborah Fuhr
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world. www.womeninetfs.com
Contact:
Deborah Fuhr
Managing Partner
ETFGI
Mobile: +44 777 5823 111
Email: deborah.fuhr@etfgi.com
Web: www.etfgi.com
Twitter: @deborahfuhr
LinkedIn: ETF Network
LinkedIn: Women In ETFs