NGX Exchange Traded Funds Market Cap Hits N20.32 Billion
The market capitalisation of Exchange Traded Funds (ETFs) listed on Nigerian Exchange Limited, the leading market for ETFs in West Africa, rose to N20.32 billion in the first quarter of 2021. The Nigerian Exchange report shows that ten brokers drove 99.8% of total transaction value and 96.6% of total volumes of ETFs traded in the period.
However, it noted that NewGold ETF takes the lead in both value and volume traded in the ETFs space
According to the Nigerian Exchange in a note, it said the trade volumes rose by 3,064 per cent from nearly 0.2 million units in Q1 2020 to 5.3 million units recorded in Q1 2021.
Despite the COVID-19 pandemic, the NGX ETP market witnessed a sterling performance, resulting in market capitalisation of the 12 listed ETFs rising to N20.32 billion
The market turnover (value traded) jumped by 4,556 per cent between Q1 2020 and Q1 2021 even as five of the listed securities were the most active during the period under review.
The first quarter of 2021 has seen a continuation of the strong inflows witnessed at the end of 2020 throughout the Global ETF industry.
At that level, total flows in the ETF industry surpassed $100 billion in each month with new assets peaking at $130 billion in February thus, bringing the quarterly total up to $349 billion.
Blockchain ETFs have benefitted from the incredible surge in bitcoin. The Amplify Transformational Data Sharing ETF (BLOK), one of the market’s most popular and liquid Blockchain ETFs, is up 46.3% in its price per share in Q1, 2021.
Cannabis ETFs & stocks are soaring this year possibly due to the favorable policy outlook and improvement in industry fundamentals.
Investor sentiments have been positive on ESG-themed ETFs and exchange traded products (ETPs) with global inflows of $55.8 billion in the first three months of the year.
As the year progresses, it may be worth keeping track of trends like digital assets, ESG and Cannabis as the main drivers of ETF at the global fronts.
Despite the COVID-19 pandemic, the NGX ETP market witnessed a sterling performance, resulting in market capitalisation of the 12 listed ETFs rising to N20.32 billion.
Market turnover (value traded) jumped by 4,556 per cent between Q1 2020 and Q1 2021 even as five of the listed securities were the most active during the period under review.
NGX Exchange Traded Funds Market Cap Hits N20.32 billion
