State of the South African Exchange Traded Product (ETP) Industry – as at 30 September 2022
INDUSTRY OVERVIEW
The total market capitalisation of all Exchange Traded Products (both ETFs and ETNs), listed on the JSE, at end of September 2022, amounted to R124 803,6 million. This constituted a slight improvement on the market cap figures at end June 2022, but still signifies a fall of 8,3% on the R136 049 million total market cap at the end of 2021.
The decline in the total size of the ETP industry in South Africa is a consequence of the poor performance in global and bond markets, both locally and abroad, to date in 2022.
More than 70% of the value of all ETPs, listed in South Africa, constitute the tracking of foreign referenced indices or assets. Whilst the depreciation of the rand against the US dollar (by some 14%) so far this year, has dampened the negative impact on such ETP products, which trade in rands, this has not fully offset the weakness in global markets.
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