State of the South African Exchange Traded Product (ETP) Industry – as at 30 December 2022
11 January 2023 | Investments | ETPs Exchange Traded Products | Mike Brown, Managing Director at etfSA.co.za
INDUSTRY OVERVIEW
The total market capitalisation of all Exchange Traded Products (which include ETFs, ETNs and AMCs), at the end of 2022, amounted to R129 310 million. This constituted a drop of some 5% on the value of the ETP industry, at the end of 2021. The decline in the total size of the exchange traded product industry last year, was the first such drop in the total value of the securities listed by ETP issuers, since 2018.
The significant decline in the equity markets, particularly globally, was the key factor in the shrinking of the size of the SA ETP industry. For instance, the US S&P index fell by 20% in 2022, and large declines were recorded in many other equity markets worldwide.
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