ETFGI reports that assets invested in ETFs listed in Canada reached US$121 billion at the end of November 2018
LONDON — December 17, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs listed in Canada reached US$121 billion at the end of November 2018, an increase of 1.2% from US$120 billion at the end of October. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in ETFs listed in Canada increased by 1.2% during November 2018 to reach $121 Bn.
- Year-to-date, assets have increased by 3.5% from $117 Bn at the end of 2017.
- In November 2018, ETFs listed in Canada saw net inflows of $1.60 Bn.
“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04% over the month bringing the year-to-date gain to 5.11%. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains. The S&P developed ex-US BMI was up 0.17% in November with year-to-date declines of 9.66%. EM and FM bounced back from the October fall, finishing up 4.61% and 1.94% respectively, softening year-to-date declines to 11.2% and 9.0%”, according to Deborah Fuhr, managing partner and a founder of ETFGI.
According to ETFGI’s November 2018 Canadian ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs listed in Canada regained some of the ground lost during September/October, when assets fell from a record high of $131 Bn at the end of August. Year-to-date, assets have increased by 3.5%, from $117 Bn at the end of 2017. At the end of November, the Canadian ETF industry had 659 ETFs, with 793 listings, from 33 providers on 2 exchanges.
Canadian ETF growth as at end of November 2018
In November 2018, ETFs listed in Canada saw net inflows of $1.60 Bn. Equity products gathered the largest net inflows with $931 Mn, while fixed income ETFs experienced the largest net outflows with $188 Mn. Year-to-date through end of November, ETFs have seen net inflows of $14.0 Bn. Equity products gathered the largest net inflows with $7.08 Bn, while leveraged ETFs experienced the largest net outflows with $175 Mn. During November, the top 20 ETFs collectively gathered $1.97 Bn in net new assets.
Top 20 ETFs by monthly net inflows: Canada
| Name | Ticker | Assets (US$ Mn) Nov-18 |
ADV (US$ Mn) Nov-18 |
NNA (US$ Mn) YTD 2018 |
NNA (US$ Mn) Nov-18 |
| iShares S&P/TSX 60 Index Fund | XIU CN | 7,228 | 223 | (736) | 666 |
| Purpose High Interest Savings ETF | PSA CN | 1,053 | 61 | 643 | 217 |
| iShares Core Canadian Short Term Bond Index ETF | XSB CN | 1,604 | 11 | 174 | 148 |
| BMO S&P/TSX Capped Composite Index ETF | ZCN CN | 3,010 | 11 | 808 | 124 |
| Invesco Ultra DLUX Long Term Gvnt Bond Index | PGL CN | 404 | 6 | 118 | 108 |
| iShares Core S&P/TSX Capped Comp Index ETF | XIC CN | 3,080 | 12 | 96 | 84 |
| BetaPro Crude Oil 2x Daily Bull ETF | HOU CN | 117 | 39 | 18 | 79 |
| iShares Premium Money Market Fund | CMR CN | 211 | 5 | 135 | 64 |
| BetaPro Natural Gas -2x Daily Bear ETF | HND CN | 58 | 29 | 98 | 63 |
| Mackenzie Floating Rate Income ETF | MFT CN | 603 | 5 | 415 | 49 |
| Dynamic Ishares Active US Dividend ETF | DXU CN | 126 | 2 | 108 | 48 |
| iShares S&P/TSX Capped Energy Index ETF | XEG CN | 565 | 26 | (67) | 47 |
| iShares MSCI EAFE IMI Index Fund | XEF CN | 1,474 | 4 | 402 | 44 |
| iShares Core Canadian Universe Bond Index ETF | XBB CN | 1,618 | 10 | (122) | 41 |
| iShares Core S&P 500 Index ETF (CAD-Hedged) | XSP CN | 3,399 | 47 | 241 | 38 |
| Franklin Libertyqt US Equity Index Etf | FLUS CN | 217 | 2 | 34 | 34 |
| Horizon S&P/TSX 60 Index ETF | HXT CN | 1,413 | 29 | 146 | 33 |
| Horizons Medical Marijuana Life Sciences ETF | HMMJ CN | 577 | 16 | 270 | 30 |
| iShares Floating Rate Index ETF | XFR CN | 560 | 3 | 255 | 29 |
| BMO Aggregate Bond Index ETF | ZAG CN | 2,700 | 6 | 279 | 29 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.
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Attribution Policy
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 www.etfgi.com.
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
Contact:
Deborah Fuhr
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