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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 decreased by 1.03% during April 2018 to reach US$37.92 Bn at the end of the month. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in ETFs/ETPs listed in Middle East and Africa saw net outflows of $365 Mn during April 2018, to reach $37.92 Bn
- Year-to-date, ETFs and ETPs listed in Middle East and Africa saw net outflows of $1.72 Bn
According to ETFGI’s April 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 decreased $2.05 Bn during 2018.
ETF and ETP asset growth as at end of April 2018: Middle East and Africa
April 2018 marked 7th consecutive month of net outflows into ETFs/ETPs listed in Middle East and Africa. During 2018 ETFs/ETPs listed in Middle East and Africa saw net outflows of $1.72 Bn; 56.13% more than net outflows for the same period in 2017.
The majority of these outflows can be attributed to the top 20 ETFs by net outflows, which collectively have suffered $432 Mn during 2018. The NewGold ETF (QLD SJ) on its own accounted for net outflows of $184 Mn.
Top 20 ETFs by net outflows: Middle East and Africa
| Name | Country listed | Ticker | Assets (US$ Mn) Apr-18 |
ADV (US$ Mn) Apr-18 |
NNA (US$ Mn) YTD 2018 |
| NewGold ETF | South Africa | GLD SJ | 1,148 | 3.6 | (184) |
| NewPalladium ETF | South Africa | NGPLD SJ | 129 | 0.7 | (129) |
| Arman Ati Kosar | Iran | FKOF1 | 50 | - | (27) |
| Sygnia Itrix MSCI USA | South Africa | SYGUS SJ | 374 | 0.3 | (23) |
| Etfmad Afarin Persian | Iran | FATF1 | 226 | - | (16) |
| Sygnia FTSE 100 | South Africa | SYGUK SJ | 71 | 0.1 | (14) |
| SATRIX RESI | South Africa | STXRES SJ | 27 | 0.1 | (9) |
| SATRIX SWIX TOP 40 | South Africa | STXSWX SJ | 39 | 0.1 | (6) |
| CoreShares PrefTrax | South Africa | PREFTX SJ | 21 | 0.0 | (5) |
| Kardan | Iran | SKDF1 | 32 | - | (4) |
| Dollar Custodial Certificates | South Africa | DCCUSD SJ | 8 | 0.0 | (4) |
| Padash Tosse | Iran | SSPF1 | 26 | - | (2) |
| Kamnd | Iran | KMND1 | 27 | - | (1) |
| Amin Yekom | Iran | FAYF1 | 27 | - | (1) |
| Parand | Iran | FPAF1 | 27 | - | (1) |
| STANLIB Top 40 ETF | South Africa | STAN40 SJ | 57 | 0.0 | (1) |
| Tosse Andokhte Ayande | Iran | SATF1 | 2 | - | (1) |
| NewFunds ILBI ETF | South Africa | NFILBI SJ | 5 | 0.0 | (1) |
| Arman Sepehr Ayandegan | Iran | CASF1 | 2 | - | (1) |
| Sepehr Andishe Novin | Iran | CSNF1 | 45 | - | (1) |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Similarly, the top 10 ETPs by net outflows collectively gathered $1.12 Bn year-to-date.
Top 10 ETPs by net outflows: Middle East and Africa
| Name | Country listed | Ticker | Assets (US$ Mn) Apr-18 |
ADV (US$ Mn) Apr-18 |
NNA (US$ Mn) YTD 2018 |
| Tachlit 25 | Israel | TC25 IT | 360 | 1.6 | (224) |
| Tachlit Jumbo D | Israel | TCPDD2 IT | 283 | 3.7 | (169) |
| AfricaPalladium ETF | South Africa | ETFPLD SJ | 228 | 0.8 | (168) |
| KSM25 | Israel | KSM25 IT | 405 | 1.4 | (149) |
| Psagot 1 TA 25 D2 | Israel | MTV251 IT | 478 | 0.5 | (139) |
| Psagot Sal S&P 500 NIS | Israel | PS50047 IT | 123 | 0.5 | (81) |
| KSM S&P Homebuilders ETN | Israel | KSM138 IT | 9 | 0.0 | (56) |
| AfricaRhodium ETF | South Africa | ETFRHO SJ | 30 | 0.8 | (45) |
| Harel Sal TA-25 | Israel | HRL25 IT | 157 | 0.3 | (43) |
| Psagot SAL STOXX Europe 600 | Israel | PSTX147 IT | 128 | 0.0 | (41) |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Fixed Income ETFs/ETPs listed in Middle East and Africa suffered net outflows of $127 Mn in April, bringing net outflows for 2018 to $528 Mn. Equity ETFs and ETPs experienced net outflows of $126 Mn in April, bringing net outflows for 2018 to $693 Mn.
South-African commodity products suffered the most with NewGold ETF (GLD SJ) and NewPalladium ETF (NGPLD SJ) topping the list for net outflows.
