ETFGI Press Release November 2014: Canada

ETFGI’s research finds the ETF/ETP industry in the Canada gathered net inflows of 457 million US dollars in November 2014

LONDON — December 7, 2014 — ETFGI’s research finds the ETF/ETP industry in the Canada gathered net inflows of US$457 million in November 2014. Year to date through end of November ETFs/ETPs gathered net inflows of US$6.5 billion; assets have increased by 9.8% from US$59.4 billion to US$65.2 billion. There are now 341 ETFs, with 474 listings, from 9 providers listed on 1 exchange.
 
2014 is proving to be a very good year for the global ETF/ETP industry which has reached a new record of US$2.76 trillion in assets. We expect the assets to break through the US$3 trillion milestone in the first half of 2015.
 
Globally, there were US$42.0 billion net new asset (NNA) inflows in November – the fourth largest NNA month on record. Year to date net new asset inflows of US$275.3 billion are a new record beating prior full year NNA inflows.
 
The ETF/ETP industry in the United States reached a new record of US$1.98 trillion in assets at the end of November. We expect to see assets break through the US$2 trillion milestone any day.
 
Net inflows into US listed ETF/ETPs were $42.4 billion in November which is a record month, beating the previous high of US$41.1 billion set in July 2013.
 
“Economic news in Europe during November was not positive with the OECD warning that Europe was the "locus of weakness" in the global economy criticising the ECB's efforts to combat economic stagnation and many found the ECB’s investment plan as lacking new money and new ideas with even the Pope criticising the plan.  During November the US market continued its positive trend with both the S&P 500 and the Dow closing up 3% for the month.  Developed markets ended the month up 1% while emerging markets declined 1%.” according to Deborah Fuhr, Managing Partner at ETFGI.
 
In Canada, iShares is the largest ETF provider in terms of assets with US$38.2 Bn, reflecting 58.6% market share; BMO AM is second with US$16.2 Bn and 24.9% market share, followed by Horizons with US$3.8 Bn and 5.8% market share. The top two ETF providers, out of 9, account for 83.4% of Canadian ETF assets, while the remaining 7 providers each have less than 6% market share.

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