ETFGI reports assets invested in the ETFs listed in Latin America were US$22.16 billion at the end of February

Press Release
 
LONDON —March 28, 2024— ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in ETFs listed in Latin America were US$22.16 billion at the end of February.  ETFs listed in the Latin American region reported net inflows of US$195.98 million during February, bringing year-to-date net inflows to US$327.27 million, according to ETFGI's February 2024 Latin American ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

 

Assets and net inflows for ETFs listed in Latin America only include ETFs with their primary listing in Latin America. The assets and net inflows for ETFs that have a cross listing in Latin America are counted in the country of the primary listing of the ETF.  The chart below shows the number of primary listings in the column # ETFs while total listings includes the number of primary plus all cross listings.  Investors in Latin America are significant investors in ETFs listed in the US and in Europe.

 

To learn more Register to join our 5th Annual ETFGI Global ETFs Insights Summit - Latin America – on May 28th in Mexico City.

ETFs listed in Latin America as of the end of February

Highlights

• Assets of $22.16 Bn invested in ETFs listed in Latin America at the end of February.
• Assets invested in ETFs listed in Latin America decreased 2.8% YTD in 2024, going from $22.80 Bn at end of 2023 to $22.16 Bn.
• Net inflows of $195.98 Mn in February.
• YTD net inflows of $327.27 Mn were the fifth highest on record while the highest recorded YTD net inflows were $1.38 Bn in 2020 followed by YTD net inflows of $622.73 Mn in 2021.
• 4^th month of net inflows.

“The S&P 500 index increased by 5.34% in February and is up by 7.11% YTD. Developed markets excluding the US increased by 1.90% in February and are up 1.58% YTD. Ireland (up 8.60%) and Israel (up 8.27%) saw the largest increases amongst the developed markets in February. Emerging markets increased by 4.18% during February and are up 0.57% YTD. China (up 8.41%) and Peru (up 7.12%) saw the largest increases amongst emerging markets in February”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI. 

 

Latin American ETF asset growth as of the of February

 

At the end of February, the Latin American ETF industry had 136 ETFs, with 2,581 listings, assets of $22.16 Bn, from 72 providers listed on 7 exchanges.

 

During February, ETFs reported net inflows of $195.98 Mn. Equity ETFs reported net outflows of $40.39 Mn during February, bringing YTD net outflows to $329.48 Mn, lower than the $408.55 Mn in net outflows YTD in 2023. Fixed income ETFs gathered net inflows of $215.86 Mn during February, bringing YTD net inflows to $383.86 Mn, much higher than $16.23 Mn in net outflows YTD in 2023.

 

Substantial inflows can be attributed to the top 10 ETFs by net new assets, which collectively gathered
$482.85 Mn during February iShares NAFTRAC (NAFTRAC MM) gathered $177.36 Mn, the largest individual net inflow.

Top 10 ETFs/ETPs by net new assets February 2024: Latin America

Name	Ticker	Assets ($ Mn)  Feb-24	NNA ($ Mn)  YTD-24	NNA ($ Mn)  Feb-24
iShares NAFTRAC	NAFTRAC MM	4,807.65	449.32	177.36
Vanguard US Treasury 0-1 Year Bond UCITS ETF - MXN Hdg Acc	VMSTXN MM	2,152.39	263.21	144.94
JPMorgan Betabuilders US Treasury Bond 0-3 Months UCITS ETF	MB3MN MM	282.79	112.32	64.31
MEXTRAC - Acc	MEXTRAC MM	820.95	13.95	20.18
Vanguard FTSE BIVA Mexico Equity ETF - Acc	VMEX MM	251.80	13.14	14.84
It Now IMA-B 5 P2	B5P211 BZ	105.32	14.13	14.13
BB ETF Ibovespa Fundo de Indice	BBOV11 BZ	317.36	13.93	13.93
ETF BRADESCO IBOVESPA FDO DE INDICE	BOVB11 BZ	296.69	12.96	12.96
TREND ETF NASDAQ 100	NASD11 BZ	54.76	14.78	11.55
iShares S&P 500 Peso Hedged Trac - Acc	IVVPESO MM	305.15	43.81	8.66

 

 

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

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📢 Register now to join us at our 5th Annual ETFGI Global ETFs Insights Summit - Latin America taking place in Mexico City on May 28 and virtual sessions on May 29.

 

The Summit is designed to facilitate a substantive and in-depth discussion on the market structure, regulatory, trading, and technological developments impacting the use of and opportunity for local, US domiciled and UCITS ETFs by various types of investors in Latin America.  

The event is aimed at 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 UCITS ETFs to be marketed, sold and bought in Mexico, Brazil, Chile, Colombia, Peru, Uruguay and Argentina.

 

📍 May 28 - Mexico City
📍 May 29 - Virtual on our event platform
🆓 Free registration for buy side institutional investors and financial advisors Register now
🎧 All sessions are recorded, you will receive links to all sessions after the event 
📚 CPD educational credits 

If you can't attend on the day, register anyway and you'll receive recordings of all the sessions.

 

You can also register to attend our upcoming events in 2024:

• 5th Annual ETFGI Global ETFs Insights Summit - Europe & MEA – April 9th at The Waldorf Hilton in London and virtual on April 10th Register
• 5th Annual ETFGI Global ETFs Insights Summit - Latin America – May 28th in Mexico City and virtual on May 29th Register
• 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific – September 11th at Centricity – Concentric in Hong Kong and virtual on September 12th Register
• 5th Annual ETFGI Global ETFs Insights Summit – U.S. – October 29th at The Yale Club in New York City Register
• 6th Annual ETFGI Global ETFs Insights Summit - Canada – November 27th at Borden Ladner Gervais’s office in Toronto Register

 

ETFGI (www.ETFGI.com) has for over 12 years offered a database and factsheets for all ETFs and ETPs listed globally, published monthly research reports covering trends in the global ETFs ecosystem, provided consulting services and educational events.

If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

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