ETFGI reports assets invested in ETFs and ETPs listed in Canada reached a new high of US$131 billion at the end of August 2018

LONDON — September 13, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada reached a new high of US$131 billion in assets, following net inflows and market moves of US$2.19 billion during August. The 6.76% increase in toutal assets marks the largest monthly change since March 2016, according to ETFGI’s August 2018 Canada ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • ETF/ETP assets have increased by 6.76% to reach a record $131 Bn at the end of August.
  • ETFs and ETPs listed in Canada experienced net inflows of $2.19 Bn during August.
  • Equity ETFs/ETPs gathered the largest net inflows during August, while commodity ETFs/ETPs saw net outflows.


“On August 22, 2018 the S&P 500 marked its longest bull market -  3,453 days, without a bear market - a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date.  Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion.  Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of August 2018, the Canadian ETF/ETP industry had 624 ETFs/ETPs, with 750 listings, assets of $131 Bn, from 28 providers listed on 2 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in Canada increased by 6.76% during the month, from $123 Bn at the end of July 2018, and have increased by 12.28% year-to-date from $117 Bn at the end of 2017.

Canadian ETF and ETP asset growth as of the end of August 2018

Equity based ETFs and ETPs gathered net inflows of $1.28 Bn in August, bringing net inflows for 2018 to $5.47, marginally less than the $5.78 Bn in net inflows at this point last year.

Fixed income ETFs/ETPs listed in Canada gathered net inflows of $349 Mn in August, bringing net inflows for 2018 to $474 Mn, substantially less than the $3.87 Bn in net inflows at this point last year. 

Commodity ETFs/ETPs listed in Canada saw net outflows of $9.80 Mn in August, bringing net outflows for 2018 to $4.89 Mn, again substantially less than the $12.1 Mn in net inflows at this point last year.

A high proportion of net inflows during August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.03 Bn. The iShares S&P/TSX 60 Index Fund ETF (XIU CN) gathered $507 Mn, the largest net inflow in August.

 Top 20 ETFs by net new assets August 2018: Canada

Name

Ticker

Assets
(US$ Mn)
 Aug-18

ADV
(US$ Mn)
Aug-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Aug-18

iShares S&P/TSX 60 Index Fund

XIU CN

8,284

156

(589)

507

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index

PSB CN

698

15

115

266

Invesco Canadian Dividend Index ETF

PDC CN

512

12

297

229

BMO S&P/TSX Capped Composite Index ETF

ZCN CN

3,187

8

590

97

iShares S&P/TSX Capped Financials Index Fund

XFN CN

903

11

(29)

95

BMO MSCI EAFE Index ETF

ZEA CN

1,896

6

265

95

BMO S&P 500 Index ETF

ZSP CN

4,213

18

524

94

iShares S&P/TSX Global Gold Index ETF

XGD CN

560

12

46

81

iShares Canadian Long Term Bond Index Fund

XLB CN

366

4

88

72

Purpose High Interest Savings ETF

PSA CN

605

28

151

63

First Asset Global Financial Sector ETF

FSF CN

100

3

49

52

Horizon S&P/TSX 60 Index ETF

HXT CN

1,614

25

175

50

Vanguard FTSE Canada All Cap Index ETF

VCN CN

1,292

4

353

46

PIMCO Monthly Income Fund

PMIF CN

564

3

344

44

Mackenzie Floating Rate Income ETF

MFT CN

504

3

273

43

Invesco FTSE RAFI Canadian Fundamental Index ETF

PXC CN

243

3

23

42

Franklin Liberty Global Ag. Bond ETF Cad-Hedged

FLGA CN

184

2

175

41

Vanguard Growth ETF Portfolio

VGRO CN

304

3

286

40

BetaPro S&P/TSX Global Gold Bull Plus ETF

HGU CN

88

9

28

35

BMO Aggregate Bond Index ETF

ZAG CN

2,861

7

226

35

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Investors have tended to invest in Domestic Market cap and Equity ETFs during August 2018.

Please contact [email protected] if you would like to discuss subscribing to any of ETFGI’s research or consulting services. 
 

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The ETFs Global Markets Roundtable events are a series of conferences organised by ETFGI and Capital Markets Strategies. Our first event took place in June 2017 in New York City. In 2018 ETFs Global Markets Roundtable conferences were held in London on April 19 (covering EMEA), New York on May 15 (covering USA/Latin America), and Toronto on May 31 (covering Canada).  The events offer an opportunity for a substantive and in-depth discussion about the liquidity, trading, technological and regulatory developments impacting ETFs in the respective jurisdictions. 
To view the agendas, speakers and sponsors for our prior events in 2018 please click on the city name below: 


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About ETFGI 
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About Deborah Fuhr 

Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. 
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. 

ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry. 
 
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016. 
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world.  www.womeninetfs.com
 
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