ETFGI Reports Assets In ETFs And ETPs Listed In Latin America See Net Inflows Of US$107 Million During September

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 Latin America saw net inflows of US$107 million during September 2018. Total assets invested in ETFs and ETPs listed in Latin America decreased by 6.93%, to US$8.36 billion at the end of September, down from US$8.98 billion at the end of August, according to ETFGI’s September 2018 Latin America ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)
 
Highlights

• Assets invested in ETFs listed in Latin America decreased by 6.93% during September 2018 to $8.36 Bn.
• In September 2018, ETFs listed in Latin America saw net inflows of $107 Mn.
• Year-to-date, assets have increased by 22.95% from $6.80 Bn at the end of 2017.

“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of September 2018, the Latin American ETF industry had 47 ETFs, with 1,126 listings, from 35 providers on 5 exchanges. Due to net inflows and market moves the assets invested in ETFs listed in the Latin America decreased by 6.93%, from $8.98 Bn in August 2018 to $8.36 Bn.
 
Latin American ETF asset growth as at end of September 2018
 
 
 
Equity based ETFs attracted net inflows of $78 Mn during September, bringing net inflows for 2018 to $1.71 Bn, greater than the $851 Mn in net inflows at this point last year.
 
Flows into Fixed income ETFs netted to 0 during September, thus net inflows for 2018 remain constant at $41.35 Mn, still considerably greater than the $30.45 Mn in net outflows at this point last year.
 
A high proportion of net inflows during September can be attributed to the top 10 ETFs by net new assets, which collectively gathered $144 Mn. The iShares Ibovespa Fundo de Indice ETF (BOVA11 BZ) saw net inflows of $43 Mn, the largest in September.

Top 10 ETFs by net new assets September 2018: Latin America
 

Investors have tended to invest in market cap and lower cost ETFs in September.