ETFGI reports today that ETFs and ETPs listed in Middle East and Africa saw net inflows of US$370 million in September 2019

LONDONOctober 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 in Middle East and Africa saw net inflows of US$370 million in September, bringing year-to-date net inflows to US$867 million.  Assets invested in the Middle East and Africa ETFs/ETPs industry have increased by 4.6%, from US$33.52 billion at the end of August, to US$35.08 billion, according to ETFGI's September 2019 Middle East and Africa 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 Middle East and Africa ETF/ETP industry had 751 ETFs/ETPs, with 789 listings, from 47 providers on 13 exchanges.

Highlights

  • Assets invested in the Middle East and Africa ETF/ETP industry increased to $35.08 billion.
  • Assets invested in the Middle East and Africa ETF/ETP industry increased 4.6% in September.
  • During September 2019, ETFs/ETPs listed in Middle East and Africa saw $370 million in net inflows.

“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.

Middle East and Africa ETF and ETP asset growth as at the end of September 2019

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

 

Equity ETFs/ETPs listed in Middle East and Africa gathered net inflows of $114 million in September 2019, bringing net outflows for the year to September 2019 to $417 million, which is considerably better than the $1.38 billion in net outflows for equity products in the year to September 2018. Fixed income ETFs/ETPs listed in Middle East and Africa attracted net inflows of $43 million in September, bringing net inflows for the year to September 2019 to $241 million, considerably better than the $768 million in net outflows fixed income for the year to September 2018. Leading the inflows for the month, actively managed ETFs/ETPs saw inflows of $131 million, bringing year to date inflows to $512 million, which is greater than the $37 million in net outflows for the year to September 2018.

 

Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $499.59 million in September, the NewGold ETF (GLD SJ) gathered $191.13 million alone.

Top 20 ETFs by net new assets September 2019: Middle East and Africa

Name

Ticker

Assets
(US$ Mn)
 Sep-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
Sep-19

NewGold ETF

GLD SJ

30.09

294.49

131.13

Tachlit Sal TA-Banks-5

TCHF3 IT

958.99

159.49

43.87

Parand

FPAF1

523.74

60.96

36.49

Harel Sal TA-125

HRLF2 IT

60.85

1.86

34.42

Etfmad Afarin Persian

FATF1

319.00

121.96

33.92

Psagot ETF (4A) TA-125

PSGF42 IT

394.61

3.78

24.38

Tachlit Sal TA-125 - A

TCHF2 IT

562.66

40.72

23.17

KSM ETF TA-Banks-5

KSMF77 IT

843.99

71.69

22.25

Arman Ati Kosar

FKOF1

523.31

100.04

17.35

Sepehr Charisma

SSKF1

131.86

42.78

15.09

Psagot ETF (4A) TA-Banks5

PSGF35 IT

50.58

62.34

14.94

SATRIX40

STX40 SJ

486.82

38.54

13.21

Satrix MSCI World ETF

STXWDM SJ

553.52

93.79

12.93

Kardan

SKDF1

150.17

68.24

12.73

Sepehr Andishe Novin

CSNF1

118.88

50.72

12.24

AfricaPalladium ETF

ETFPLD SJ

102.76

(15.38)

11.76

NewFunds GOVI ETF

NFGOVI SJ

226.69

30.38

11.03

KSM ETF TA-125

KSMF74 IT

59.60

59.45

10.55

KSM ETF Tel-Bond Shekel 50

KSMF2 IT

635.54

43.88

9.59

Tachlit Sal Tel-Bond Shekel

TCHF34 IT

84.91

(9.42)

8.54

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

The top 10 ETP's by net new assets collectively gathered $302 million in September. The NewWave US Dollar ETN gathered $23.74 million alone.

Top 10 ETPs by net inflows in September 2019: Middle East and Africa

Name

Ticker

Assets
(US$ Mn)
 Sep-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Sep-19

NewWave US Dollar ETN

NEWUSD SJ

25.06

46.83

23.74

Standard Bank WTI Oil-Linker

SBAOIL SJ

27.98

40.12

19.99

NewWave Pound Sterling ETN

NEWGBP SJ

2.75

4.89

2.44

NewWave Euro ETN

NEWEUR SJ

2.43

4.37

2.15

NewWave Silver ETN

NEWSLV SJ

2.73

2.52

1.39

Standard Bank Palladium-Linker

SBAPD1 SJ

23.44

0.00

0.00

Standard Bank Gold-Linker

SBAG1 SJ

15.74

0.00

0.00

Standard Bank Silver-Linker

SBAS1 SJ

5.61

0.00

0.00

Standard Bank Platinum-Linker

SBAPL1 SJ

14.47

0.00

0.00

Standard Bank Africa Equity Index

SBAEI SJ

14.72

0.00

0.00

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

 

Investors have tended to invest in Active and Equity ETFs/ETPs in September.

 

Please contact [email protected] if you have any questions, suggestions or would like to discuss subscribing to any of ETFGI’s research or consulting services.

 

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Less than a month left to Register to join the discussion with key industry leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel. 

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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
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Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
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ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs.  Go to www.ETFtv.net to view

 

Episode 1 ETF TV views from industry leaders in Europe

Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs 

Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market 

Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China

Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco

Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs  

Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI 
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry

Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV   features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level.  The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality

 

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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: 
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