ETFGI reports that assets invested ETFs and ETPs listed in Canada reached a record high of US$141.75 billion at end of September 2019

LONDONOctober 31, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs listed in Canada saw net inflows of US$347 million in September, bringing year-to-date net inflows to US$11.35 billion. In the month, Canadian ETF assets increased by 2.0%, from US$138.91 billion in August to US$141.75 billion. Year-to-date through to the end of September, Canadian ETF assets increased 22.7% from US$115.48 billion to US$141.75 billion. At the end of September 2019, the Canadian ETF/ETP industry had 739 ETFs/ETPs, with 888 listings, from 37 providers on 2 exchanges. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in the Canadian ETF/ETP industry reached a record $141.75 billion at end September.
  • Assets invested in the Canadian ETF/ETP industry increased by 2.0% in September.
  • In September 2019, ETFs/ETPs listed in Canada saw $347 million in net inflows.

Less than a month left to Register to join the discussion with key industry leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel. 

“The S&P 500® gained 1.9% during September despite slowing economic growth, ongoing trade disputes and a presidential impeachment inquiry. Shifting the focus to the S&P Developed ex-U.S. BMI, the index was up 3.0%, as 23 of 25 countries gained during the month; the highest gainer in the month was Korea (up 6.4%), while Hong Kong continued to decline (down 0.8%). From an Emerging Markets standpoint, the S&P Emerging BMI gained 1.4%, with 15 of the 23 reporting gains. Globally, equities reclaimed prior month losses, gaining 2.1%, as measured by the S&P Global BMI (38 out of 50 countries reporting gains).” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Growth in Canadian ETF and ETP assets as of the end of September 2019

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Equity ETFs/ETPs suffered outflows of $839 million in September, bringing net inflows for the year to September 2019 to $1.79 billion, compared to the $5.34 billion in net inflows equity products had attracted for the year to September 2018. Fixed income ETFs/ETPs gathered net inflows of $556 million in September, bringing net inflows for the year to September 2019 to $3.04 billion, considerably greater than the $721 million in net inflows fixed income products had attracted by the end of September 2018.

Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $1.60 billion in September, iShares MSCI EAFE IMI Index Fund gathered $197.46 million alone.

Top 20 ETFs by net new assets September 2019: Canada

Name

Ticker

Assets
(US$ Mn)
 Sep-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Sep-19

iShares MSCI EAFE IMI Index Fund

XEF CN

2371.14

753.94

197.46

Purpose High Interest Savings ETF

PSA CN

1582.33

509.41

147.43

BMO MSCI EAFE Index ETF

ZEA CN

2011.70

160.38

121.33

Horizons US Dollar Currency ETF

DLR CN

159.72

115.99

116.15

BMO Low Volatility Canadian Equity ETF

ZLB CN

1574.68

552.55

112.02

BMO Long Federal Bond Index ETF

ZFL CN

990.16

732.40

100.69

CI First Asset High Interest Savings ETF

CSAV CN

275.74

273.86

98.36

BMO Low Volatility US Equity ETF

ZLU CN

1023.31

370.87

81.43

BMO Aggregate Bond Index ETF

ZAG CN

3648.10

843.78

75.45

Invesco Ultra DLUX Long Term Government Bond Index

PGL CN

360.06

(84.98)

68.13

iShares Global Infrastructure Index Fund

CIF CN

111.09

61.24

62.54

iShares Global Real Estate Index Fund

CGR CN

166.41

62.60

62.47

Mackenzie Emerging Markets Local Currency Bond Index ETF

QEBH CN

181.93

184.68

55.81

Vanguard Canadian Aggregate Bond Index ETF

VAB CN

1934.02

640.98

55.33

iShares Core MSCI Emerging Markets IMI Index ETF

XEC CN

525.59

111.79

50.00

BMO MSCI Emerging Markets Index ETF

ZEM CN

741.68

368.25

44.56

iShares Core Canadian ST Corporate + Maple Bond Index ETF

XSH CN

544.07

(135.10)

42.20

iShares Core Canadian Universe Bond Index ETF

XBB CN

2432.26

527.99

36.76

Vanguard Canadian Short-Term Corporate Bond Index ETF

VSC CN

887.65

45.82

36.66

Pimco Global Short Maturity Fund Canada

PMNT CN

115.19

61.99

30.31

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The top 10 ETP's by net new assets collectively gathered $787.62 million in September. The Xtrackers Physical Gold Euro Hedged ETC gathered $193.53 million alone.

Top 10 ETPs by net inflows in September 2019: Europe

Name

Ticker

Assets
(US$ Mn)
 Sep-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Sep-19

Xtrackers Physical Gold Euro Hedged ETC

XAD1 GY

2,345.13

317.39

193.53

WisdomTree Physical Swiss Gold

SGBS LN

2,379.64

1,384.41

176.04

WisdomTree Physical Platinum

PHPT LN

498.60

250.23

129.61

iShares Physical Gold ETC

SGLN LN

6,638.62

1,548.15

123.48

Invesco Gold ETC

SGLD LN

7,108.17

1,258.88

63.17

Xtrackers Physical Gold GBP Hedged ETC

XGLS LN

159.49

90.46

29.16

Amundi Physical Metals PLC

GOLD FP

632.77

587.14

25.20

WisdomTree Physical Precious Metals

PHPM LN

123.00

4.55

16.54

WisdomTree Industrial Metals

AIGI LN

170.68

(11.48)

15.54

WisdomTree WTI Crude Oil 3x Daily Short

3OIS LN

33.10

26.95

15.35

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Investors have tended to invest in Active/Fixed Income ETFs in September.

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

 

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Less than a month left to Register to join the discussion with key industry leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel. 

The event is designed to facilitate a discussion around the impact regulations and market structure developments are having on the ETF selection, portfolio construction, trading and product development of ETFs.

Complimentary registration is available for buyside institutional investors and financial advisors including traders, portfolio managers and fund selectors.  
Register here. Attendees will receive a complimentary copy of the CFA Institute's book: "A comprehensive Guide to Exchange Traded Funds (ETFs)"

Our speaker list is continuously growing.  
View our events page to see the current list of confirmed speakers:
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, President & CEO, Horizons ETFs
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Mary Jane Young, Head of ETF Trading, Director, TD Securities 
Jos Schmitt, President & CEO, Executive Director, NEO Exchange

Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers a number of topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
 

The ETFGI Global ETFs Insights Summits 2020 schedule is:

  • New York – April 2, 2020 click here to register  
  • London – May 19, 2020 click here to register  
  • Toronto – September 2020
  • Hong Kong – November 2020
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ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs.  Go to www.ETFtv.net to view

 

Episode 1 ETF TV views from industry leaders in Europe

Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs 

Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market 

Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China

Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco

Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs  

Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI 
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV   features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level.  The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality

 

Please contact us if you are interested in sponsoring a mini segment or a full episode.

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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 the ETF.com’s 2018’s Lifetime Achievement Award, 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 5,300 members, including women and men, in chapters in major financial centers 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

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Managing Partner, Founder 
ETFGI 
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