ETFGI reports ETFs and ETPs listed in the Middle East and Africa experienced net outflows of US$530 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 the Middle East and Africa experienced net outflows of US$530 Mn during October. Following a turbulent month for financial markets, total assets invested in the Middle East and African ETF and ETP industry fell 4.83%, from US$36.7 Bn at the end of September, to US$34.9 Bn, according to ETFGI’s October 2018 Middle East and Africa ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
- Total Assets in ETFs and ETPs listed in the Middle East and Africa declined 4.83% to $34.9 Bn during October.
- Net new assets gathered by ETFs/ETPs listed in The Middle East and Africa were $530 Mn in October.
- Actively managed, leveraged and inverse products saw positive inflows, while for all other exposure types flows were 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 Middle East and African ETF/ETP industry had 828 ETFs/ETPs, with 842 listings, assets of $34.9 Bn, from 44 providers listed on 14 exchanges. Following net outflows of $530 Mn and market moves during the month, assets invested in ETFs/ETPs listed in The Middle East and Africa decreased by 4.83%, from $36.7 Bn at the end of September 2018, to $34.9 Bn.
Growth in the Middle East and African ETF and ETP assets as of the end of October 2018
Equity ETFs/ETPs listed in the Middle East and Africa saw outflows of $235 in October, the largest flows of all exposure types during the month, bringing net outflows for 2018 to $1.26 Bn, less than the $1.54 Bn in outflows at this point last year. Fixed Income ETFs and ETPs listed in the Middle East and Africa saw net outflows of $169 Mn, bringing net outflows for 2018 to $789 Mn, greater than the $310 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 $42 Mn. The Ashburton RMB Top 40 (ASHT40 SJ) gathered $13 Mn, the largest net inflow in October.
Top 10 ETFs/ETPs by net new assets October 2018: The Middle East and Africa
|Ashburton RMB Top 40||ASHT40 SJ||120||0||117||13|
|CoreShares S&P SA Top 50 ETF||CTOP50 SJ||63||0||20||8|
|NewGold ETF||GLD SJ||759||2||(700)||6|
|Sygnia Itrix 4Ind Rev Gb||SYG4IR SJ||24||0||26||5|
|NewFunds GOVI ETF||NFGOVI SJ||45||0||33||3|
|Satrix MSCI World ETF||STXWDM SJ||43||0||39||2|
|Satrix S&P 500 ETF||STX500 SJ||27||0||19||2|
|Sygnia Itrix MSCI World||SYGWD SJ||513||1||102||1.25|
|CoreShares S&P Global Property ETF||GLPROP SJ||26||0||3||1.15|
|Satrix Dividend Plus||STXDIV SJ||103||0||9||0.82|
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.
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
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.
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 currently offers the following subscription services:
- New service: ETFGI Global ESG ETFs and ETPs Landscape report
- 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 2019
- ETFGI ESG ETFs and ETPs Landscape report
ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry.
Please contact us at [email protected] 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 4,100 members in chapters around the world.
Mobile: +44 777 5823 111
Email: [email protected]
LinkedIn: ETF Network
LinkedIn: Women In ETFs