ETFGI reports assets invested in Middle East and African ETFs and ETPs rise 7.91% by the end of January 2019

Press Release

LONDONFebruary 28, 2019 — 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$249.36 million in January. Assets invested in the Middle East and African ETF/ETP industry finished the month up 7.91%, from US$29.14 billion at the end of December, to US$31.44 billion, according to ETFGI's January 2019 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

  • Assets invested in the Middle East and African ETF/ETP industry rise 7.91% in January.
  • During January 2019, ETFs/ETPs listed in the Middle East and Africa saw US$249.36 Mn in net outflows.

 

  • Products providing exposure to commodities attracted the greatest net new assets during the month.

 

“In January, equity markets rebounded from Q4 when global equities suffered steep declines amid persistent worries over trade and economic growth. Fed chair Powell revised his stance on where he believes the neutral rate of interest lies, easing fears of a dramatic and painful tightening cycle. Energy’s decline during the Q4 rout subdued inflation in developed economies taking hiking pressure off central banks while provided stimulus to consumers and businesses, giving stronger core metrics. The S&P 500 finished January up 8.01%, the best January since 1987, while the S&P Topix 150 gained 7.26% and the S&P Europe 350 gained 6.23%. Emerging and Frontier markets were up 7.77% and 4.61% respectively, hampered by dollar strength.” according to Deborah Fuhr, managing partner and founder of ETFGI.

By the end of January 2019, the Middle East and African ETF/ETP industry had 746 ETFs/ETPs, from 45 providers listed on 14 exchanges. Following net outflows of $249.36 Mn and market moves during the month, assets invested in the Middle East and African ETF/ETP industry increased by 7.91% from $29.14 Bn at the end of December, to $31.44 Bn.

 

Growth in the Middle East and African ETF and ETP assets as of the end of January 2019
 

 

Equity ETFs/ETPs listed in the Middle East and Africa saw net outflows of $242.28 Mn in January, less than the $279.31 Mn in net outflows equity products had experienced by the end of January 2018. Fixed income ETFs/ETPs listed in the Middle East and Africa saw net outflows of $65.51 Mn in January, less than the $17.44 Mn in net inflows fixed income products had attracted by the end of January 2018.

 

Substantial inflows can be attributed to the top 10 ETFs/ET’s by net new assets, which collectively gathered $203.39 Mn in January, the NewPlat ETF (NGPLT SJ) gathered $45.92 Mn alone.

Top 10 ETFs by net new assets January 2019: Middle East and Africa

Name

Ticker

Assets
(US$ Mn)
Jan-19

NNA
(US$ Mn)
2019

NNA
(US$ Mn)
Jan-19

NewPlat ETF

NGPLT SJ

610

46

46

NewPalladium ETF

NGPLD SJ

132

39

39

Tachlit Sal S&P 500

TCHF76 IT

470

27

27

Harel Sal Tel-Bond Shekel

HRLF24 IT

140

16

16

Psagot ETF (00) Tel Bond Shekel-50

PSGF28 IT

57

14

14

Tachlit Sal NASDAQ 100

TCHF77 IT

234

14

14

Psagot ETF (00) Tel Bond-Global

PSGF32 IT

26

13

13

Sygnia Itrix MSCI World

SYGWD SJ

552

12

12

Harel Sal Tel-Bond Shekel Banks-Insurance

HRLF303 IT

46

12

12

Psagot ETF (4A) TA-Banks5

PSGF35 IT

363

11

11

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon 

Investors have tended to invest in core, market cap ETFs in January.

 

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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. 

 
  2019 ETFs Global Markets Roundtable events

We are excited to announce that registrations are open for the 2019 series of the ETFs Global Markets Roundtables in New York on May 21, London on June 12, Toronto on Sept 24 and Hong Kong in Oct 2019 at www.etfsglobalmarkets.com

The events were created by Ari Burstein, President, Capital Markets Strategies and Deborah Fuhr, Managing Partner and Founder, ETFGI. The first conference was held in 2017 in New York and expanded in 2018 to 4 events in New York, London, Toronto, and Hong Kong.

 

The events are designed to be interesting, educational, engaging and relevant forums for substantive discussion of capital markets, business, technological and regulatory developments in the markets impacting ETFs in the respective jurisdictions.
 

Qualified traders, portfolio managers, Chief Investment officers, ETF strategists, fund selectors at family offices, pension funds, insurance companies, hedge funds, asset managers, endowments, foundations, financial advisors, robos, wire houses and online brokerage firms can register to attend at no cost at www.etfsglobalmarkets.com

 The schedule for the events is:

·         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

Please contact us if you have any questions or are interested in discussing sponsorship and speaking opportunities.

We look forward to seeing you at one of our events.

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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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