ETFGI reports ETFs and ETPs listed in Latin America gather net inflows of US$635 million during December 2018
Press Release
LONDON — January 29, 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$635 million during December. During the month, total assets invested in the Latin American ETF and ETP industry increased 8.15%, from US$7.81 billion at the end of November, to US$8.44 billion, according to ETFGI’s December 2018 Latin American 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 invested in ETFs and ETPs listed in Latin America increase 8.15% to $8.44 Bn in December.
- Year-to-date, assets have increased 24.21% from $6.80 Bn at the end of 2017.
- December 2018 marks 2nd highest net inflow on record, rivalled only by $688 Mn in March 2013.
“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018. Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.
At the end of December 2018, the Latin American ETF/ETP industry had 48 ETFs/ETPs, with 1,196 listings, assets of $8.44 Bn, from 36 providers listed on 5 exchanges. Following net inflows of $635 Mn and market moves during the month, assets invested in ETFs/ETPs listed in Latin America increased by 8.15%, from $7.81 Bn at the end of November 2018, to $8.44 Bn.
Growth in Latin American ETF and ETP assets as of the end of December 2018
Equity ETFs/ETPs listed in Latin America attracted net inflows of $609 Mn in December, growing net inflows for 2018 to $2.78 Bn, more than the $1.09 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed in Latin America saw net outflows of $4 Mn, bringing net inflows for 2018 to $60 Mn, a considerable change compared to the $36 Mn in net outflows at this point last year.
Substantial inflows during December can be attributed to the top 10 ETFs by net new assets, which collectively gathered $674 Mn. The It Now Ibovespa Fundo de Indice ETF (BOVV11 BZ) gathered $267 Mn, the largest net inflow in December.
Top 10 ETFs by net new assets December 2018: Latin America
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
It Now Ibovespa Fundo de Indice |
BOVV11 BZ |
980 |
661 |
267 |
|
iShares NAFTRAC |
NAFTRAC MM |
2,869 |
1,346 |
166 |
|
iShares Ibovespa Fundo de Indice |
BOVA11 BZ |
1,413 |
305 |
124 |
|
Fondo Bursátil iShares COLCAP |
ICOLCAP CB |
1,281 |
359 |
70 |
|
DLRTRAC 15 |
DLRTRAC MM |
170 |
(37) |
32 |
|
DIABLOI 10 |
DIABLOI MM |
23 |
(36) |
6 |
|
iShares BM&FBovespa Small Cap Fundo de Indice |
SMAL11 BZ |
81 |
15 |
4 |
|
It Now S&P500 TRN Fundo de Indice |
SPXI11 BZ |
52 |
14 |
3 |
|
It Now IDIV Index Fund |
DIVO11 BZ |
18 |
2 |
1 |
|
Horizons Colombia Select |
HCOLSEL CB |
243 |
14 |
0 |
Investors have tended to invest in core, market cap and lower cost ETFs in December.
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 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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2019 ETFs Global Markets Roundtable series of conferences
We have set the dates and venues for the 2019 series of the ETFs Global Markets Roundtables in New York, London and Toronto and expect to confirm shortly the date for Hong Kong in Oct 2019. The focus will again be on the substantive discussion of the issues, capital market related.
The schedule of conferences is as follows:
- US/Latin America (New York) – May 21, 2019, Metropolitan Club, New York
- EMEA (London) – June 12, 2019, The Waldorf Hilton, London
- Canada (Toronto) – September 24, 2019, Vantage Venues, Toronto
- APAC (Hong Kong) – October 2019– Specific Date to be Announced Shortly
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 honoured 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” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 4,500 members, including women and men, in chapters in major financial centres around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com
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ETFGI
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