ETFGI reports that 86 ETFs have been cross listed in Mexico in the first seven months of 2020

 

LONDONAugust 28, 2020 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that 86 ETFs have been cross listed in Mexico in the first seven months of 2020. 

There are 1454 ETFs listed in Latin America. The majority of ETFs 1,396 of the listings in Latin America are ETFs that are cross listed from the United States or from Europe:  Mexico 1147, Chile 188, Peru 40. Only 58 ETFs have their primary listing on an exchange in Latin America:  Mexico 28, Brazil 22, Chile 4, and Columbia 4.     

At the end of July 2020, the Latin American ETF industry had 58 ETFs primary listings, total listings of 1,454 ETFs, assets of US$11 Bn, from 44 providers listed on 5 exchanges, according to ETFGI's July 2020 Latin America ETFs and ETPs industry landscape insights report, a monthly report which is part of an annual paid-for research subscription service. (Assets are counted based on the primary listing of the ETF or ETP.  All dollar values in USD unless otherwise noted.)

Highlights

  • There was $11 Bn invested in ETFs/ETPs with their primary listing in Latin America the end of July.
  • The majority of ETFs 1,396 of the listings in Latin America are ETFs that are cross listed from the United States or from Europe.
  • 86 ETFs have been cross listed in Mexico in the first seven months of 2020.

The S&P 500 gained 5.6% in July, aided by the U.S. Federal Reserve stimulus and strong earnings.   International markets also gained, with Developed Ex-U.S. and Emerging up 3.0% and 8.5%, respectively. In the developed markets Scandinavian countries benefited most, led by Norway (up 10.8%) and Sweden (up 10.1%); while Japan (down 2.0%) was the sole negative performer among developed countries. Dollar weakness contributed toward the positive momentum in Emerging markets where 19 of 25 countries gained, led by Brazil (up 14.4%) and Pakistan (up 13.4%), while Taiwan (up 12.1%) neared an all-time high.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

 

Latin America ETF and ETP asset growth as at the end of July 2020

 

In July 2020, ETFs with their primary listing in Latin America suffered net outflows of $321 Mn.  Equity ETFs experienced the largest net outflows with $323 Mn, followed by inverse ETFs with $3 Mn, while leveraged ETFs gathered the largest net inflows with $4 Mn.  YTD through end of July 2020, ETFs have seen net inflows of $1.4y Bn.  Equity ETFs gathered the largest net inflows YTD with $1.63 Bn, followed by leveraged ETFs with $10 Mn, and inverse ETFs with $7 Mn, while fixed income ETFs experienced the largest net outflows YTD with $167 Mn.  
 

Substantial inflows can be attributed to the top 10 ETFs by net new assets, which collectively gathered $146 Mn during July, the It Now S&P500 TRN Fundo de Indice - BRL Hdg - Acc (SPXI11 BZ) gathered $37 Mn alone.

Top 10 ETFs by net new assets July 2020: Latin America

Name

Ticker

Assets
(US$ Mn)
 Jul-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
 Jul-20

It Now S&P500 TRN Fundo de Indice - BRL Hdg - Acc

SPXI11 BZ

144.88

69.12

36.70

Fondo Bursátil iShares COLCAP - Acc

ICOLCAP CB

1,399.06

273.57

35.62

ETF IT NOW S&P IPSA - Acc

CFMITNIP CI

135.05

21.39

24.11

Horizons Colombia Select - Acc

HCOLSEL CB

337.23

118.90

16.81

It Now Small Cap Fundo de Indice

SMAC11 BZ

71.93

99.30

15.16

It Now PIBB IBrX-50 Index Fund - Acc

PIBB11 BZ

336.02

61.26

4.60

It Now IFNC Index Fund - Acc

FIND11 BZ

15.07

5.76

4.14

iShares S&P 500 FIC FI Investimento no Exterior - Acc

IVVB11 BZ

358.37

200.57

4.09

ANGELD 10 - Acc

ANGELD MM

10.81

9.70

3.97

iShares S&P/VALMER Mexico M10TRAC

M10TRAC MM

52.34

3.45

0.91

 

Contact [email protected] if you have any questions or comments on the press release or ETFGI events, research or consulting services.

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The ETFGI Global ETFs Insights Summit - Latin America is designed to facilitate a substantive and in-depth discussion on the market structure, regulatory, tax, trading, and technological developments impacting the use of and opportunity for local, US domiciled and European UCITS ETFs by investors in the main countries in Latin America. 
 
Drivers of growth in the use of ETFs include a growing middle class, desire to diversity investments, increase in pension savings, and the use of third-party investment products by pension funds and insurance companies and changing regulatory landscape.
 
The event is designed for ETF issuers, brokerage firms, and others in the ETF ecosystem globally that are interested in understanding how to tap into the growing interest in ETFs in Latin America.  
 
Panels will discuss the current and future use of ETFs by various types of investors and the regulatory requirements for local ETFs, US domiciled and European UCITS ETFs to be marketed, sold, and bought in Mexico, Brazil, Chile, Columbia, Peru, Uruguay, and Costa Rica. 
 
As for all our virtual events, attendees will have the opportunity to see and hear speakers via live video and audio of the keynote and panel discussions with audience Q&A, visit virtual event booths where they can meet and speak with our sponsors and attend virtual networking sessions.
 
CPD educational credits are offered to buy side institutional investors and financial advisors.

ETFGI has announced the dates for the upcoming events:   

 

- Visit our website www.etfgi.com to register to receive our press releases

Upcoming Industry Events:

 

 

22nd September 2020 - Join us for our virtual event with leading women in finance: «How will current factors impact the future of investing?» The virtual event will be hosted by ETF pioneer Deborah Fuhr, Managing Partner & Founder of ETFGI. She will give her views on trends in the industry. This will be followed by an expert panel with Karin Russell-Wiederkehr, Institutional Sales and Trading at Jane Street, Anna Paglia, Global Head of ETFs & Indexed Strategies at Invesco and Maria Lombardo, Head of ESG Client Strategy EMEA at Invesco.

 

NEW ETF TV Episode 36 -  July continues to see significant inflows into the ETF market

   ETF TV is a new show for institutional investors and financial advisors 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 watch the latest episodes and contact us if you are interested in sponsoring a mini segment or a full episode.

 

Attribution Policy 
The information contained here 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.  

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