ETFGI reports ETFs and ETPs listed in Latin America gather net inflows of US$40 Mn during November 2018

LONDONDecember 24, 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$40 Mn during November. Total assets invested in the Latin American ETF and ETP industry fell 2.06%, from US$7.97 Bn at the end of September, to US$7.81 Bn, according to ETFGI’s November 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 decline 2.06% to $7.81 Bn in November.
  • Net new assets gathered by ETFs/ETPs listed in Latin America were $40 Mn in November.
  • Equity-based and leveraged products saw the largest positive inflows during the month.

 
“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04% over the month bringing the year-to-date gain to 5.11%. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains, the S&P developed ex-US BMI was up 0.17% in November with year-to-date declines of 9.66%. EM and Frontier markets bounced back from the October fall, finishing up 4.61% and 1.94% respectively, softening year-to-date declines to 11.15% and 8.95%”  according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of November 2018, the Latin American ETF/ETP industry had 47 ETFs/ETPs, with 1,170 listings, assets of $7.81 Bn, from 36 providers listed on 5 exchanges. Following net inflows of $40 Mn and market moves during the month, assets invested in ETFs/ETPs listed in Latin America decreased by 2.06%, from $7.97 Bn at the end of October 2018, to $7.81 Bn.

Growth in Latin American ETF and ETP assets as of the end of November 2018


 


Equity ETFs/ETPs listed in Latin America attracted net inflows of $42 Mn in November, growing net inflows for 2018 to $2.17 Bn, more than the $1.27 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed in Latin America saw net inflows of $0.09 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 November can be attributed to the top 10 ETFs by net new assets, which collectively gathered $334 Mn. The It Now Ibovespa Fundo de Indice ETF (BOVV11 BZ) gathered $277 Mn, the largest net inflow in November. 


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

Name

Ticker

Assets
(US$ Mn)
Nov-18

ADV
(US$ Mn)
Nov-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Nov-18

It Now Ibovespa Fundo de Indice

BOVV11 BZ

722

21

395

277

MEXTRAC

MEXTRAC MM

317

3

111

14

Fondo Bursátil iShares COLCAP

ICOLCAP CB

1,265

1

289

10

ANGELD 10

ANGELD MM

23

0

24

9

It Now S&P500 TRN Fundo de Indice

SPXI11 BZ

54

0

11

7

iShares BM&FBovespa Small Cap Fundo de Indice

SMAL11 BZ

75

2

10

6

DLRTRAC 15

DLRTRAC MM

137

2

(69)

5

CHNTRAC 11

CHNTRAC MM

91

0

(4)

4

Horizons Colombia Select

HCOLSEL CB

250

1

13

2

iShares MSCI Mexico Risk TRAC

MEXRISK MM

5

0

(46)

1

 
 


Investors have tended to invest in core, market cap and lower cost ETFs in November.
 
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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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 
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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 4,200 members in chapters around the world. 
www.womeninetfs.com
 
Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
Mobile: +44 777 5823 111 
Email: 
[email protected] 
Web: www.etfgi.com 
Twitter: @deborahfuhr @etfgi
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LinkedIn: Women In ETFs