ETFs and ETPs listed in the Middle East and Africa saw net outflows of USD249.36 million in January with assets invested finishing the month up 7.91 per cent, from USD29.14 billion at the end of December, to USD31.44 billion.
That’s according to ETFGI’s January 2019 Middle East and Africa ETF and ETP industry landscape insights report, an annual paid-for research subscription service.
By the end of January 2019, the Middle East and African ETF/ETP industry had 746 ETFs/ETPs, from 45 providers listed on 14 exchanges. Following net outflows of USD249.36 million and market moves during the month, assets invested in the Middle East and African ETF/ETP industry increased by 7.91 per cent from USD29.14 billion at the end of December, to USD31.44 billion.
Equity ETFs/ETPs listed in the Middle East and Africa saw net outflows of USD242.28 million in January, less than the USD279.31 million in net outflows equity products had experienced by the end of January 2018. Fixed income ETFs/ETPs listed in the Middle East and Africa saw net outflows of USD65.51 million in January, less than the USD17.44 million in net inflows fixed income products had attracted by the end of January 2018.
Substantial inflows can be attributed to the top 10 ETFs/ET’s by net new assets, which collectively gathered USD203.39 million in January, the NewPlat ETF (NGPLT SJ) gathered USD45.92 million alone.
