ETFGI reports ETFs and ETPs listed in Canada gather net inflows of 1.74 billion US dollars during December 2018

LONDON — January 25, 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$1.74 Bn during December, bringing 2018 net inflows to US$15.69 Bn. Assets invested in the Canadian ETF/ETP industry finished the month down 4.60%, from US$121 Bn at the end of November, to US$115 Bn, according to ETFGI’s December 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

  • During 2018, ETFs/ETPs listed in Canada attracted $15.69 Bn in net inflows.
  • Assets invested in the Canadian ETF/ETP industry hit record highs of $131 Bn in August 2018.
  • Assets invested in the Canadian ETF/ETP industry decreased 1.24% year-on-year.

 

 “The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018.   Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.

By the end of December 2018, the Canadian ETF/ETP industry had 662 ETFs/ETPs, a 14.39% increase over 2017, from 33 providers listed on 2 exchanges. Following net inflows of $1.74 Bn and market moves during the month, assets invested in Canadian listed ETFs/ETPs decreased by 4.60%, from $121 Bn at the end of November 2018, to $115 Bn. By the end of the year, assets invested in the Canadian ETF/ETP industry were down 1.24% compared to that of 2017, falling from $121 Bn to $117 Bn.

 

 

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

Equity ETFs/ETPs listed in Canada saw net inflows of $752 Mn in December, bringing net inflows for 2018 to $7.83 Bn, less than the $8.87 Bn in inflows equity products attracted in 2017. Fixed Income ETFs and ETPs listed in Canada saw net inflows of $977 Mn in December, bringing net inflows for 2018 to $1.41 Bn, less than the $3.97 Bn in net inflows seen in 2017.  

Substantial inflows during December can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.48 Bn. BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU CN) gathered $581 Mn, the largest net inflow in December. 

Top 20 ETFs by net new assets December 2018: Canada

Name

Ticker

Class Assets
(US$ Mn)
 Dec-18

ADV
(US$ Mn)
Dec-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Dec-18

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU CN

795

29

420

581

BMO High Yield US Corporate Bond Hedged to CAD Index ETF  

ZHY CN

729

29

446

480

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

3,113

39

379

283

iShares Core Canadian Universe Bond Index ETF

XBB CN

1,751

20

28

150

iShares S&P/TSX Capped Financials Index Fund

XFN CN

768

23

2

110

BMO S&P 500 Index ETF

ZSP CN

3,563

16

590

89

iShares MSCI EAFE IMI Index Fund

XEF CN

1,475

8

481

79

iShares S&P/TSX  Capped Energy Index ETF

XEG CN

587

28

8

75

BMO S&P/TSX Capped Composite Index ETF

ZCN CN

2,838

15

881

73

iShares Canadian Corporate Bond Index Fund

XCB CN

1,192

9

(122)

71

iShares Core MSCI All Country World ex Canada Index ETF

XAW CN

610

4

310

69

BMO S&P 500 Hedged To CAD Index ETF

ZUE CN

840

5

133

67

RBC Target 2024 Corporate Bond Index Etf

RQL CN

54

3

54

53

iShares Canadian Select Dividend Index ETF

XDV CN

951

7

(3)

49

Vanguard FTSE Canada All Cap Index ETF

VCN CN

1,154

9

476

48

iShares Premium Money Market Fund

CMR CN

252

5

181

46

Mackenzie US Investment Grade Corporate Bond Index ETF CAD-Hedged

QUIG CN

174

2

182

41

PIMCO Monthly Income Fund

PMIF CN

585

5

414

39

iShares Edge MSCI Multifactor Canada Index ETF

XFC CN

63

2

50

38

iShares S&P/TSX SmallCap Index Fund

XCS CN

117

2

29

38

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon 

Investors have tended to invest in core, fixed income, market cap and lower cost ETFs in December.

 
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.  

### 

 
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 
ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI.  Our services are unique in their breadth and depth of coverage in  monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more. 

ETFGI SERVICES 
ETFGI currently offers the following subscription services: 

New Service: ETFGI Global ESG ETFs and ETPs Landscape report

  • ETFGI Basic Global ETFs and ETPs research service 
  • ETFGI Global Institutional Users of ETFs and ETPs Landscape report 
  • ETFGI Global Active ETF ETFs and ETPs Landscape report 
  • ETFGI Global Smart Beta Equity ETF ETFs and ETPs Landscape report 
  • ETFGI Global Currency Hedged ETFs and ETPs Landscape report 
  • ETFGI Global Leverage and Inverse ETFs and ETPs Landscape report 
  • ETFGI Global EM and FM ETFs and ETPs Landscape report 
  • ETFGI China ETFs and ETPs Landscape report 
  • ETFGI Trends in ETF Adoption by fund platforms in the UK report 
  • Custom reports and analysis 
  • ETFGI Weekly Newsletter – Premium 
  • ETFGI Weekly Newsletter (free subscription - register at www.etfgi.com
  • ETFs Global Markets Roundtable events 2018 

 

ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry.


Please contact us at deborah.fuhr@etfgi.com if you would like further information on our services.

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” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 4,500 members, including women and men, in chapters in major financial centres around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com 



Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

Connect on:
Deborah Fuhr on Linkedin and twitter: https://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/84bae20f-e551-4a5c-9e3d-f91408b10d1c.pnghttps://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/8a5872d8-de0a-4f30-a3d9-120885251016.png      
ETFGI on Linkedin and twitter: https://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/84bae20f-e551-4a5c-9e3d-f91408b10d1c.pnghttps://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/8a5872d8-de0a-4f30-a3d9-120885251016.png    
ETF Network on Linkedin: https://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/84bae20f-e551-4a5c-9e3d-f91408b10d1c.png 
Women in ETFs Linkedin (group and company) and twitter: 
https://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/84bae20f-e551-4a5c-9e3d-f91408b10d1c.pnghttps://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/84bae20f-e551-4a5c-9e3d-f91408b10d1c.pnghttps://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/8a5872d8-de0a-4f30-a3d9-120885251016.pnghttps://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/8a5872d8-de0a-4f30-a3d9-120885251016.png