ETFGI reports ETFs and ETPs listed in Latin America gather net inflows of US$340 Mn during October 2018

LONDON — December 10, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Latin America gathered net inflows of US$340 Mn during October. Following a turbulent month for financial markets, total assets invested in the Latin American ETF and ETP industry fell 4.61%, from US$8.36 Bn at the end of September, to US$7.97 Bn, according to ETFGI’s October 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

  • Total Assets in ETFs and ETPs listed in Latin America declined 4.61% to $7.97 Bn in October.
  • Net new assets gathered by ETFs/ETPs listed in Latin America were $340 Mn in October.
  • Positive net flows were driven by products providing exposure to equities, while for all other exposure types flows were either neutral or negative.

 
“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of October 2018, the Latin American ETF/ETP industry had 46 ETFs/ETPs, with 1,142 listings, assets of $7.97 Bn, from 36 providers listed on 5 exchanges. Following net inflows of $340 Mn and market moves during the month, assets invested in ETFs/ETPs listed in Latin America decreased by 4.61%, from $8.36 Bn at the end of September 2018, to $7.97 Bn.
 
Growth in Latin American ETF and ETP assets as of the end of October 2018


 

Equity ETFs/ETPs listed in Latin America attracted net inflows of $414 Mn in October, growing net inflows for 2018 to $2.13 Bn, more than the $903 Mn in net inflows at this point last year. Fixed Income ETFs and ETPs listed in Latin America saw net outflows of $2 Mn, bringing net inflows for 2018 to $40 Mn, greater than the $32 Mn in net outflows at this point last year. 

Substantial inflows during October can be attributed to the top 10 ETFs by net new assets, which collectively gathered $474 Mn. The iShares Ibovespa Fundo de Indice ETF (BOVA11 BZ) gathered $286 Mn, the largest net inflows in October. 

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

Name Ticker Assets
(US$ Mn)
 Oct-18
ADV
(US$ Mn)
Oct-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Oct-18
iShares Ibovespa Fundo de Indice BOVA11 BZ 1,511 124 355 286
It Now Ibovespa Fundo de Indice BOVV11 BZ 450 22 118 121
iShares BM&FBovespa Small Cap Fundo de Indice SMAL11 BZ 68 2 4 28
iShares NAFTRAC NAFTRAC MM 2,832 73 1,247 24
Fondo Bursátil iShares COLCAP ICOLCAP CB 1,274 1 279 7
Horizons Colombia Select HCOLSEL CB 250 0 12 5
PSOTRAC 15 PSOTRAC MM 3 1 (27) 3
iShares S&P/VALMER Mexico M10TRAC M10TRAC MM 29 0 25 0.45
QVGMEX 18 QVGMEX MM 10 0 11 0.12
iShares MSCI Mexico Risk TRAC MEXRISK MM 4 0 (46) 0.11

 
 
Investors have tended to invest in core, market cap and lower cost ETFs in October.

Please contact [email protected] if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.

 

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If you are interested in sponsorship or attending the 2019 ETFs Global Markets Roundtable conferences, please contact Deborah Fuhr at [email protected]

Schedule of Conferences - Specific Dates/Locations to be Announced Shortly

  • EMEA (London) – Spring 2019
  • US/Latin America (New York) – Spring 2019
  • Canada (Toronto) – Spring/Summer 2019
  • APAC (Hong Kong) – Fall 2019 

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. 

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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: [email protected] 
Web: www.etfgi.com 
Twitter: @deborahfuhr 
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