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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa increased by 14.4% during 2017 to reach US$39.90 Bn at the end of December. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in ETFs/ETPs listed in Middle East and Africa increased by $5.03 billion during the year, to reach $39.90 billion.
- Year-to-date, through end of December 2017, ETFs and ETPs listed in Middle East and Africa saw net outflows of $2.02 Bn.
According to ETFGI’s December 2017 Middle East and Africa ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in Middle East and Africa grew by US$5.03 Bn during 2017. The increase of 14.4%, from US$34.35 Bn at the end of 2016, also represents the greatest growth in assets since 2013.
This record was achieved on the eve of another milestone for the ETF industry: the 25th anniversary of the listing of the first ETF in the US, the venerable SPDR S&P 500 ETF (SPY US), on 22nd January 1993. At the end of 2017, SPY on its own accounted for assets of US$271.39 Bn.
December 2017 marked the 3rd consecutive month of net outflows into ETFs/ETPs listed in Middle East and Africa. During 2017 ETFs/ETPs listed in Middle East and Africa saw net outflows of US$2.02 Bn; 26.2% less than net outflows for 2016.
The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$539.90 Mn during 2017. The Sygnia Itrix MSCI World (SYGWD SJ) on its own accounted for net inflows of US$115.84 Mn.
Top 20 ETFs by net new assets: Middle East and Africa
Similarly, the top 10 ETPs by net new assets collectively gathered US$767.76 Mn year-to-date during 2017.
Top 10 ETPs by net new assets: Middle East and Africa
Equity ETFs/ETPs listed in Middle East and Africa saw net inflows of US$28.00 Mn in December, bringing net outflows for 2017 to US$1.70 Bn. Fixed Income ETFs and ETPs experienced net outflows of US$67.00 Mn in December, bringing net outflows for 2017 to US$407.00 Mn.
To conclude, investors have tended to invest in core ETFs in 2017 with the Sygnia Itrix MSCI World (SYGWD SJ) accumulating net inflows of US$115.84 Mn.
