Saudi Arabia could outpace India in ETFs net inflows ranking: report

Saudi Arabia is climbing quickly in a ranking that tracks flows into exchange-traded funds (ETFs) of developing countries this year, and could soon take top position away from India, Bloomberg reported on Tuesday.

According to Bloomberg, new money invested in ETFs in the two countries totaled about $4.8 billion in 2019, which is almost twice the sum for the eight other countries in the list.

The report said inflows to Saudi shares are expected to keep growing as MSCI and FTSE Russell add some of the kingdom’s biggest companies to their main emerging-market indices in the coming months.

The upgrade by the two main global index compilers started in March, and is scheduled for completion next year.

“If the net inflows for the last three months are considered alone, Saudi Arabia already appears on top of the ranking, with India following,” the report maintained.

Here’s the ranking of top 10 countries/ region in terms of ETF net inflows this year according to Bloomberg:

1) India - $2.5 billion

2) Saudi Arabia - $2.2 billion

3) Brazil - $668 million

4) Greater China - $528 million

5) Latin America region - $424 million

6) South Africa - $348 million

7) Vietnam - $226 million

8) Columbia - $212 million

9) Thailand - $127 million

10) Philippines - $11 million