ETFGI Press Release September 2014: Canada

According to ETFGI ETFs and ETPs listed in Canada gathered 1.2 billion US dollars in net new assets in September 2014

LONDON — October 13th, 2014 — In September 2014, ETFs/ETPs listed in Canada saw net inflows of US$1.2 Bn. Year to date through end of Q3 2014, ETFs/ETPs saw net inflows of US$6.1 Bn. At the end of September 2014, the Canadian ETF/ETP industry had 317 ETFs/ETPs, with 440 listings, assets of US$65 Bn, from 9 providers listed on 1 exchange, according to ETFGI’s end Q3 2014 Global ETF and ETP industry insights report.

“In September investors invested the majority of net new money into North American equity exposures. Due to the on-going situation in the Ukraine, Scotland’s referendum vote, and the Bank of England Governor’s statement that a rate increase was “getting closer”, investors reduced their exposure to Europe. The unfavourable geopolitical environment caused the S&P 500 to decline 1% in September. Developed markets declined 4% while emerging markets declined 7%.” according to Deborah Fuhr, Managing Partner at ETFGI.

In September 2014, equity ETFs/ETPs gathered the largest net inflows with US$881 Mn, fixed income ETFs/ETPs saw net inflows of US$171 Mn, while commodity ETFs/ETPs saw net outflows of US$28 Mn.

iShares gathered the largest net ETF/ETP inflows in September with US$695 Mn, followed by BMO AM with US$151 Mn and First Asset with US$142 Mn net inflows.

iShares is the largest ETF/ETP provider in terms of assets with US$40,197 Mn, reflecting 61.5% market share; BMO AM is second with US$14,966 Mn and 22.9% market share, followed by Mirae Horizons with US$3,887 Mn and 5.9% market share. The top two ETF/ETP providers, out of 9, account for 84.3% of Canadian ETF/ETP assets, while the remaining 7 providers each have less than 6% market share.

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