How exchange-traded products set a record

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Business Day | 12 September 2017

Exchange-traded products (ETPs) have attracted total global inflows of $419.2bn in 2017, exceeding 2016’s full-year flow record of $378.4bn, with developed market equity exposures leading the charge, says BlackRock.

Global exchange-traded products gathered $47.4bn in August, driving year-to-date flows to a new annual record, fuelled by strength in developed-market equity exposures and bolstered by fixed-income, BlackRock, the world’s largest asset manager, said on Monday.

The size of SA’s ETP industry, though, had remained fairly static for the past three years, following rapid growth between 2008 and 2013, said etfSA. This was a reflection of the “stagnation of the value of local markets, rather than a lack of activity in the ETF [exchange-traded funds] industry”, the ETP provider said.

The total market capitalisation of all JSE-listed ETFs and exchange-traded notes at June 30 was R79.7bn, an increase of 7.5% on December 2016.

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