ETFGI reports that assets invested ETFs and ETPs listed in Canada reached a record high of US$145.69 billion at the end October 2019
LONDON — November 20, 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$2.82 billion in October, bringing year-to-date net inflows to US$14.16 billion which is significantly more than the US$12.36 billion gathered at this point last year. In the month, Canadian ETF assets increased by 2.8%, from US$141.75 billion in September to US$145.69 billion. Year-to-date through the end of October, Canadian ETF assets increased 26.2% from US$115.48 billion to US$145.69 billion. At the end of October 2019, the Canadian ETF/ETP industry had 739 ETFs/ETPs, with 898 listings, from 38 providers on 2 exchanges. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in the Canadian ETF/ETP industry reached a record of $145.69 billion in October.
- Assets invested in the Canadian ETF/ETP industry increased by 2.8% in October.
- In October 2019, ETFs/ETPs listed in Canada saw $2.82 billion in net inflows.
- Year-to-date net inflows are $14.16 billion which is significantly more than the $12.36 billion gathered at this point in 2018
Less than 2 weeks left to Register to join us in discussions with 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.
ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits. 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)"
“The Fed rate cut and the looming hope for an agreement between US-China shaped a favourable investment environment in equity markets globally which led the S&P 500® to gain 3.2% during October. International markets also gained, with the S&P Developed Ex-U.S. and the S&P Emerging BMI both up 4%. The better performance of the Equity Markets reflected into a new record high of $145.69 billion and higher inflows of ETFs/ETPs exposed to Equity Indices rather than Fixed Income.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in Canadian ETF and ETP assets as of the end of October 2019
Active ETFs/ETPs gained inflows of $1.28 billion in October, bringing net inflows for the year to October 2019 to $7.39 billion, higher than the $6.19 billion in net inflows active products had attracted at this point in 2018. Equity ETFs/ETPs gathered net inflows of $1.05 billion in October, bringing net inflows for the year to October 2019 to $2.84 billion, considerably lower than the $6.15 billion in net inflows equity products had attracted by the end of October 2018. Fixed income ETFs and ETPs experienced net inflows of $556 Mn in October, growing year to date net inflows to $3.59 Bn, which is greater than the same period last year which saw net inflows of $244 Mn.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.39 billion in October, CI First Asset High Interest Savings ETF (CSAV CN) gathered $312.32 million alone.
Top 20 ETFs by net new assets October 2019: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
CI First Asset High Interest Savings ETF |
CSAV CN |
588.74 |
586.18 |
312.32 |
|
iShares Core S&P/TSX Capped Composite Index ETF |
XIC CN |
4,016.32 |
319.80 |
302.84 |
|
Vanguard FTSE Developed All Cap EX North America Index ETF |
VIU CN |
958.76 |
389.74 |
213.59 |
|
Purpose High Interest Savings ETF |
PSA CN |
1,748.70 |
665.87 |
156.46 |
|
BMO Aggregate Bond Index ETF |
ZAG CN |
3,802.55 |
992.96 |
149.18 |
|
Horizon S&P/TSX 60 Index ETF |
HXT CN |
1,551.40 |
(12.47) |
146.49 |
|
BMO Low Volatility US Equity ETF |
ZLU CN |
1,140.32 |
498.89 |
128.02 |
|
RBC Target 2021 Corporate Bond Index ETF |
RQI CN |
225.89 |
142.44 |
124.72 |
|
BMO Long Federal Bond Index ETF |
ZFL CN |
1,098.03 |
844.49 |
112.09 |
|
iShares Core Canadian Universe Bond Index ETF |
XBB CN |
2,537.87 |
630.01 |
102.02 |
|
iShares S&P/TSX 60 Index Fund |
XIU CN |
6,266.43 |
(1,375.47) |
93.50 |
|
BMO Low Volatility Canadian Equity ETF |
ZLB CN |
1,632.80 |
635.13 |
82.58 |
|
AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF |
QBTL CN |
73.06 |
71.76 |
71.76 |
|
Fidelity Global Core Plus Bond ETF |
FCGB CN |
74.34 |
74.05 |
64.63 |
|
BMO S&P 500 Index ETF |
ZSP CN |
4,907.50 |
582.85 |
64.41 |
|
AGFiQ US Long/short Dividend Income CAD-Hedged ETF |
QUDV CN |
63.63 |
62.08 |
62.08 |
|
BMO Ultra Short-Term US Bond ETF |
ZUS/U CN |
100.17 |
100.38 |
54.77 |
|
Mackenzie Emerging Markets Local Currency Bond Index ETF |
QEBL CN |
53.62 |
53.79 |
53.79 |
|
iShares S&P/TSX Capped Energy Index ETF |
XEG CN |
476.15 |
(96.24) |
50.93 |
|
Brompton Global Dividend Growth Etf |
BDIV CN |
49.74 |
48.14 |
48.14 |
Investors have tended to invest in Active and Equity ETFs in October.
Please contact deborah.fuhr@etfgi.com 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 2 weeks left to Register to join us in discussions with 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.
ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits. 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)"
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.
Our speaker list is continuously growing. View our events page to see the current list of confirmed speakers:
Spencer Barnes, MSc, CIM, Associate Vice President, Mutual Funds & ETF Strategy, Raymond James
Mario Cianfarani, CFA, Head of Institutional & Retirement Distribution, Vanguard Investments Canada
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Prerna Chandak, VP ETF Product & Strategy, Mackenzie Investments
Roger Chandhok, Director, Global Equity Derivatives, National Bank Financial Group
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Pat Dunwoody, Executive Director, Canadian ETF Association
Deborah Fuhr, Managing Partner, Founder, ETFGI
Camilo Gil, Executive Director, CIBC Capital Markets
Kevin Gopaul, Global Head Exchange Traded Funds, BMO Global Asset Management
Katie Gouinlock, Head of Canada ETF Capital Markets, Vanguard Investments Canada
Michael Greenberg, CFA, CAIA, Vice President, Portfolio Manager, Franklin Templeton Multi-Asset Solutions
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Andrea Hallett CFA, VP & PM, Multi-Asset Strategies Team, Mackenzie Investments
Steve Hawkins, Board Vice Chair CETFA, President & CEO, Horizons ETFs
Naseem Husain, VP ETF Strategist, Mackenzie Investments
Scott Johnston, CFA, Head of Portfolio Review Department, Americas, Vanguard Investments Canada
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Danielle LeClair, Senior Investment Research Analyst, Franklin Templeton Multi-Asset Solutions
Alfred Lee CFA, CMT, DMS, Director, Portfolio Manager and Investment Strategist, BMO Global Asset Management
Jin Li, Vice President, ETF & Quantitative Research Analyst, Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Alex Perel, CFA, Director, Head of ETF Services, Scotiabank Global Banking & Markets
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Amol Sodhi, Vice President & Director, Asset Allocation, TD Asset Management
Daniel Straus, PhD, M.Fin., Vice President, ETFs & Financial Products Research, National Bank of Canada Financial Markets
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers several 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
To discuss sponsorship and speaking opportunities please contact deborah.fuhr@etfgi.com
We look forward to seeing you at one of our upcoming events.
ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits.
Thank you to our sponsors, speakers and media partners
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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