ETFGI reports that assets invested ETFs and ETPs listed in Latin America reached US$12.22 billion at the end of September 2019
LONDON — October 31, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed (ETFs with their [primary listing in Latin America) in Latin America saw net outflows of US$122 million in September, bringing year-to-date net inflows to US$3.07 billion. Assets invested in the Latin American ETFs/ETPs industry have increased by 1.7%, from US$12.01 billion at the end of August, to US$12.22 billion, according to ETFGI's September 2019 Latin America ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
At the end of September 2019, the Latin America ETF/ETP industry had 57 ETFs/ETPs, with 1,399 listings, from 44 providers on 5 exchanges.
Highlights
- Assets invested in the Latin America ETF/ETP industry increased to $12.22 billion.
- Assets invested in the Latin America ETF/ETP industry increased by 1.7% in September.
- During September 2019, ETFs/ETPs listed in Latin America had $122 million in net outflows.
“The S&P 500® gained 1.9% during September despite slowing economic growth, ongoing trade disputes and a presidential impeachment inquiry. Shifting the focus to the S&P Developed ex-U.S. BMI, the index was up 3.0%, as 23 of 25 countries gained during the month; the highest gainer in the month was Korea (up 6.4%), while Hong Kong continued to decline (down 0.8%). From an Emerging Markets standpoint, the S&P Emerging BMI gained 1.4%, with 15 of the 23 reporting gains. Globally, equities reclaimed prior month losses, gaining 2.1%, as measured by the S&P Global BMI (38 out of 50 countries reporting gains).” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Latin America ETF and ETP asset growth as at the end of September 2019
Equity ETFs/ETPs listed in Latin America saw net outflows of $441 million in September 2019, bringing net inflows for the year to September 2019 to $2.17 billion, which is more than the $1.71 billion in net inflows equity products had attracted for the year to September 2018. Fixed income ETFs/ETPs listed in Latin America gathered net inflows of $324 million in September, bringing net inflows for the year to September 2019 to $962 million, considerably better than the $41 million in net inflows fixed income products had attracted for the year to September 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $431.39 million in September, the It Now ETF IMA-B5 Fundo de Indice (IB5M11 BZ) gathered $275.05 million alone.
Top 20 ETFs by net new assets September 2019: Latin America
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
It Now ETF IMA-B5 Fundo de Indice |
IB5M11 BZ |
277.08 |
275.05 |
275.05 |
|
ETF IT NOW S&P IPSA |
CFMITNIP CI |
226.76 |
61.91 |
49.47 |
|
It Now IRF-M P2 Fundo de Indice |
IRFM11 BZ |
46.97 |
46.67 |
46.67 |
|
iShares BM&FBovespa Small Cap Fundo de Indice |
SMAL11 BZ |
340.04 |
247.99 |
32.60 |
|
Fondo Bursátil iShares COLCAP |
ICOLCAP CB |
1,668.66 |
249.64 |
15.72 |
|
It Now IDIV Index Fund |
DIVO11 BZ |
46.66 |
24.58 |
3.68 |
|
ANGELD 10 |
ANGELD MM |
11.63 |
(4.38) |
3.02 |
|
iShares S&P/VALMER Mexico CETETRAC |
CETETRC MM |
33.64 |
15.67 |
2.14 |
|
IT NOW S&P/CLX Chile Dividend Index |
CFMDIVO CI |
22.76 |
11.75 |
1.53 |
|
DLRTRAC 15 |
DLRTRAC MM |
101.99 |
(66.19) |
0.99 |
|
iShares S&P/VALMER Mexico M10TRAC |
M10TRAC MM |
32.31 |
0.03 |
0.51 |
|
It Now ISE Index Fund |
ISUS11 BZ |
5.17 |
(0.87) |
0.00 |
|
It Now IGCT Index Fund |
GOVE11 BZ |
5.92 |
0.00 |
0.00 |
|
It Now IMAT Index Fund |
MATB11 BZ |
2.50 |
(6.10) |
0.00 |
|
It Now ID ETF IMA-B Fundo de Indice |
IMAB11 BZ |
677.40 |
639.29 |
0.00 |
|
iShares IBrX-Indice Brasil (IBrX-100) Fundo de Indice |
BRAX11 BZ |
14.54 |
4.02 |
0.00 |
|
iShares Carbono Eficiente ICO2 |
ECOO11 BZ |
13.19 |
(10.26) |
0.00 |
|
iShares S&P 500 FIC FI Investimento no Exterior |
IVVB11 BZ |
78.11 |
(15.77) |
0.00 |
|
Caixa ETF Ibovespa Fundo de Indice |
XBOV11 BZ |
22.28 |
10.14 |
0.00 |
|
BB ETF S&P Dividendos Brasil Fundo de Indice |
BBSD11 BZ |
8.07 |
0.00 |
0.00 |
Investors have tended to invest in Fixed Income ETFs/ETPs in September.
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Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, President & CEO, Horizons ETFs
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
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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 the ETF.com’s 2018’s Lifetime Achievement Award, 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 5,300 members, including women and men, in chapters in major financial centers 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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