ETFGI reports ETFs and ETPs listed in Canada gather net inflows of US$919 Mn during October 2018

LONDONNovember 21, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada gathered net inflows of US$919 Mn during October. Following a turbulent month for financial markets, total assets invested in the Canadian ETF and ETP industry fell 6.11% during October, from US$127 Bn at the end of September, to US$120 Bn, according to ETFGI’s October 2018 Canadian ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Highlights

  •           Total Assets in ETFs and ETPs listed in Canada decline 6.11% to $120 Bn in October.

  • Net new assets gathered by ETFs/ETPs listed in Canada were $919 Mn in October.
  • Equity-based, actively managed and leveraged ETFs/ETPs saw net inflows during October, while all other exposure types saw net outflows. 

“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of October 2018, the Canadian ETF/ETP industry had 654 ETFs/ETPs, with 784 listings, assets of $120 Bn, from 33 providers listed on 2 exchanges. Following net inflows of $919 Mn and market moves during the month, assets invested in ETFs/ETPs listed in Canada decreased by 6.11%, from $127 Bn at the end of September 2018, to $120 Bn.

 

Growth in Canadian ETF and ETP assets as of the end of October 2018

 

Equity ETFs/ETPs listed in Canada attracted net inflows of $804 Mn in October, growing net inflows for 2018 to $6.19 Bn, slightly less than the $6.44 Bn in net inflows at this point last year. 

Fixed Income ETFs and ETPs listed in Canada saw the greatest outflows of any asset class during the month, totalling $477 Mn, bringing net inflows for 2018 to $244 Mn, considerably less than the $3.52 Bn in net inflows at this point last year. 

Substantial inflows during October can be attributed to the top 20 ETFs by net new assets, which collectively gathered $1.65 Bn. The Purpose High Interest Savings ETF (PSA CN) gathered $158 Mn, the largest net inflow in October. 

Top 20 ETFs by net new assets October 2018: Canada

Name

Ticker

Assets
(US$ Mn)
 Oct-18

ADV
(US$ Mn)
Oct-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Oct-18

Purpose High Interest Savings ETF

PSA CN

847

55

427

158

BMO S&P 500 Index ETF (US Dollar Units)

ZSP/U CN

429

10

168

158

BMO Equal Weight Banks Index ETF

ZEB CN

1,151

47

170

152

BMO MSCI EAFE Index ETF

ZEA CN

1,825

8

422

141

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

2,986

23

12

128

iShares Core S&P 500 Index ETF  (CAD-Hedged)

XSP CN

3,331

60

202

104

First Asset MSCI World Low Risk Weighted ETF

RWW/B CN

492

5

93

96

Franklin Liberty Global Ag. Bond ETF Cad-Hedged

FLGA CN

249

4

254

79

ONE North American Core Plus Bond ETF

ONEB CN

72

0

73

73

First Asset Health Care Giants Covered Call ETF

FHI CN

82

3

82

73

BMO S&P 500 Index ETF

ZSP CN

3,786

18

549

62

Mackenzie Floating Rate Income ETF

MFT CN

569

5

366

61

BMO S&P/TSX Capped Composite Index ETF

ZCN CN

2,876

8

684

57

iShares S&P/TSX Capped Financials Index Fund

XFN CN

791

25

(36)

49

BMO Covered Call Canadian Banks ETF

ZWB CN

1,377

8

178

49

iShares S&P/TSX  Capped Energy Index ETF

XEG CN

584

31

(114)

45

iShares MSCI World Index Fund

XWD CN

453

15

50

42

Horizons S&P 500 Index ETF

HXS CN

605

5

64

42

BMO Europe High Dividend Covered Call ETF

ZWP CN

794

1

904

40

iShares Premium Money Market Fund

CMR CN

148

3

70

40

 

Investors have tended to invest in core, market cap and lower cost ETFs in October.

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

 


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If you are interested in sponsorship or attending the 2019 ETFs Global Markets Roundtable conferences, please contact Deborah Fuhr at [email protected]

Schedule of Conferences - Specific Dates/Locations to be Announced Shortly

·         EMEA (London) – Spring 2019

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·         APAC (Hong Kong) – Fall 2019

 

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The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website 
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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 4,100 members in chapters around the world. 

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