ETFGI reports assets in ETFs and ETPs listed in Latin America see net inflows of US$107 million during September

LONDON — October 23, 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 Latin America saw net inflows of US$107 million during September 2018. Total assets invested in ETFs and ETPs listed in Latin America decreased by 6.93%, to US$8.36 billion at the end of September, down from US$8.98 billion at the end of August, according to ETFGI’s September 2018 Latin America ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)
 
Highlights

  • Assets invested in ETFs listed in Latin America decreased by 6.93% during September 2018 to $8.36 Bn.
  • In September 2018, ETFs listed in Latin America saw net inflows of $107 Mn.
  • Year-to-date, assets have increased by 22.95% from $6.80 Bn at the end of 2017.


“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of September 2018, the Latin American ETF industry had 47 ETFs, with 1,126 listings, from 35 providers on 5 exchanges. Due to net inflows and market moves the assets invested in ETFs listed in the Latin America decreased by 6.93%, from $8.98 Bn in August 2018 to $8.36 Bn.
 
Latin American ETF asset growth as at end of September 2018
 
 
 
Equity based ETFs attracted net inflows of $78 Mn during September, bringing net inflows for 2018 to $1.71 Bn, greater than the $851 Mn in net inflows at this point last year.
 
Flows into Fixed income ETFs netted to 0 during September, thus net inflows for 2018 remain constant at $41.35 Mn, still considerably greater than the $30.45 Mn in net outflows at this point last year.
 
A high proportion of net inflows during September can be attributed to the top 10 ETFs by net new assets, which collectively gathered $144 Mn. The iShares Ibovespa Fundo de Indice ETF (BOVA11 BZ) saw net inflows of $43 Mn, the largest in September.

Top 10 ETFs by net new assets September 2018: Latin America
 

Name Ticker Region Listed Assets
(US$ Mn)
 Sep-18
ADV
(US$ Mn)
Sep-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Sep-18
iShares Ibovespa Fundo de Indice BOVA11 BZ Brazil 1,016 44 69 43
DLRTRAC 15 DLRTRAC MM Mexico 201 4 (6) 38
Horizons Colombia Select HCOLSEL CB Colombia 290 1 7 26
Fondo Mutuo It Now IPSA CFMITNIP CI Chile 237 2 101 17
Fondo Bursátil iShares COLCAP ICOLCAP CB Colombia 1,490 1 272 7
iShares S&P 500 FIC FI no Exterior IVVB11 BZ Brazil 106 2 33 6
QVGMEX 18 QVGMEX MM Mexico 12 0 11 3
DIABLOI 10 DIABLOI MM Mexico 36 0 (20) 2
iShares NAFTRAC NAFTRAC MM Mexico 3,452 35 1,223 2
BBVA - BMV FIBRAS TRAC FIBRATC MM Mexico 8 0 1 0



Investors have tended to invest in market cap and lower cost ETFs in September.
 
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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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 on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com
 
About ETFGI 
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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 4,100 members in chapters around the world. 

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