ETFGI reports ETFs and ETPs listed in the Middle East and Africa saw outflows of US$273 million during December 2018


Press Release

LONDONJanuary 31, 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 saw net outflows of US$273 million during December. Over the month, total assets invested in the Middle East and African ETF and ETP industry decreased 7.75%, from US$31.63 billion at the end of November, to US$29.18 billion, according to ETFGI’s December 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.) 

Highlights

  • Total Assets invested in ETFs and ETPs listed in the Middle East and Africa decreased 7.75% to $29.18 Bn by the end of December.
  • Year-to-date, assets have decreased 35.66% from $45.35 Bn at the end of 2017.
  • Actively managed products attracted the greatest net new assets during the month.

 
“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 Middle East and African ETF/ETP industry had 746 ETFs/ETPs, with 760 listings, assets of $29 Bn, from 45 providers listed on 14 exchanges. Following net outflows of $273 Mn and market moves during the month, assets invested in ETFs/ETPs listed in the Middle East and Africa decreased by 7.75%, from $31.63 Bn at the end of November 2018, to $29.18 Bn.

 
 
Growth in the Middle East and African ETF and ETP assets as of the end of December 2018



 
Equity ETFs/ETPs listed in the Middle East and Africa saw net outflows of $147 Mn in December, growing net outflows for 2018 to $1.74 Bn, greater than the $1.64 Bn of net outflows seen in 2017. Fixed Income ETFs and ETPs listed in the Middle East and Africa saw net outflows of $64 Mn, bringing net outflows for 2018 to $1.21 Bn, greater than the $587 Mn in net outflows for 2017. 

The top 10 ETFs by net new assets collectively gathered $47 Mn in December. The Sygnia Itrix MSCI World (SYGWD SJ) gathered $25 Mn, the largest net inflow in December. 

Top 10 ETFs by net new assets December 2018: Middle East and Africa

Name Ticker Assets
(US$ Mn)
Dec-18
NNA
(US$ Mn)
2018
NNA
(US$ Mn)
Dec-18
Sygnia Itrix MSCI World SYGWD SJ 506 134 25
Naroon CNAF1 3 6 6
Satrix MSCI World ETF STXWDM SJ 46 46 4
Sygnia Itrix MSCI Japan SYGJP SJ 49 19 3
CoreShares GlobalDivTrax ETF GLODIV SJ 19 22 2
OfoghMellat OMEL1 20 22 2
Ashburton Global 1200 Equity ETF ASHGEQ SJ 31 25 1
CoreShares S&P SA Top 50 ETF CTOP50 SJ 74 29 1
NewFunds TRACI 3 Month ETF NFTRCI SJ 14 5 1
Ganjineh Ayandeh Roshan SGAF1 4 4 1

 

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

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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” 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


Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
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Email: [email protected] 
Web: www.etfgi.com 

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