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Latin American ETF and ETP net inflows total USD40m in November

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ETFs and ETPs listed in Latin America gathered net inflows of USD40 million during November, according to data released by ETFGI, with total assets invested falling 2.06 per cent, from USD7.97 billion at the end of September, to USD7.81 billion.

Net new assets gathered by ETFs/ETPs listed in Latin America were USD40 million in November, while equity-based and leveraged products saw the largest positive inflows during the month.
 
“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment,” says Deborah Fuhr, managing partner and a founder of ETFGI. “A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04 per cent over the month bringing the year-to-date gain to 5.11 per cent. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains, the S&P developed ex-US BMI was up 0.17 per cent in November with year-to-date declines of 9.66 per cent. EM and Frontier markets bounced back from the October fall, finishing up 4.61 per cent and 1.94 per cent respectively, softening year-to-date declines to 11.15 per cent and 8.95 per cent.”  

At the end of November 2018, the Latin American ETF/ETP industry had 47 ETFs/ETPs, with 1,170 listings, assets of USD7.81 billion, from 36 providers listed on five exchanges. Following net inflows of USD40 million and market moves during the month, assets invested in ETFs/ETPs listed in Latin America decreased by 2.06 per cent, from USD7.97 billion at the end of October 2018, to USD7.81 billion.
 
Equity ETFs/ETPs listed in Latin America attracted net inflows of USD42 million in November, growing net inflows for 2018 to USD2.17 billion, more than the USD1.27 billion  in net inflows at this point last year. Fixed Income ETFs and ETPs listed in Latin America saw net inflows of USD0.09 million, bringing net inflows for 2018 to USD40 million, greater than the USD32 million in net outflows at this point last year. 

Substantial inflows during November can be attributed to the top 10 ETFs by net new assets, which collectively gathered USD334 million. The It Now Ibovespa Fundo de Indice ETF (BOVV11 BZ) gathered USD277 million, the largest net inflow in November. 

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