ETFGI reports that assets invested ETFs and ETPs listed in Canada reached a new record high of US$150.69 billion at the end of November 2019

LONDON— December 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 gathered net inflows of US$3.39 billion at the end of November, bringing year-to-date net inflows to US$17.55 billion. In the month, Canadian ETF assets increased by 3.4%, from US$145.69 billion in October to US$150.69 billion. At the end of November 2019, the Canadian ETFs/ETPs industry had 747 ETFs/ETPs, with 902 listings, from 36 providers on 2 exchanges. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in the Canadian ETF/ETP industry reached a new record of $150.69 billion at the end of November.
  • Assets are up 30.5% year to date which is greater than the 21.9% CAGR over the past 10 years. 
  • The $3.39 billion in net inflows gathered in November is the highest monthly inflow on record. 
  • Year-to-date net inflows of $17.55 billion are the highest on record. 

“During November the S&P 500 gained 3.6% as global markets were resistant to fears of inflation and showed optimism on the trade talks.  Global equities as measured by the S&P Global BMI were up 2.5% and the 
S&P Emerging BMI gained 0.1%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

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

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

 

Equity ETFs/ETPs gained inflows of $1.66 billion in November, bringing net inflows for the year to November 2019 to $4.49 billion, lower than the $7.08 billion in net inflows equity products had attracted for the year to November 2018. Fixed Income ETFs/ETPs gathered net inflows of $971 million in November, bringing net inflows for the year to November 2019 to $4.57 billion, considerably higher than the $432 million in net inflows fixed income products had attracted by the end of November 2018. Active ETFs/ETPs attracted net inflows of $497 million in November, gathering the largest net inflows for the year in Canada of $7.89 billion.

 

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.86 billion in November, iShares S&P/TSX 60 Index Fund (XIU CN) gathered $545.04 million alone.

Top 20 ETFs by net new assets November 2019: Canada

Name

Ticker

Assets
(US$ Mn)
 Nov-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Nov-19

iShares S&P/TSX 60 Index Fund

XIU CN

  6,908.43 

   (830.43)

    545.04 

iShares Core Canadian Universe Bond Index ETF

XBB CN

  2,905.67 

  1,011.06 

    381.04 

BMO MSCI EAFE Index ETF

ZEA CN

  2,431.80 

     496.89 

    322.11 

iShares Canadian Corporate Bond Index Fund

XCB CN

  1,511.35 

     229.19 

    304.55 

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

  4,330.42 

     525.96 

    206.16 

BMO S&P 500 Index ETF

ZSP CN

  5,257.63 

     738.62 

    155.77 

CI First Asset High Interest Savings ETF

CSAV CN

     709.92 

     719.82 

    133.64 

iShares MSCI EAFE IMI Index Fund

XEF CN

  2,649.70 

     911.10 

    125.45 

BMO MSCI Emerging Markets Index ETF

ZEM CN

     874.45 

     473.20 

    104.11 

BMO Aggregate Bond Index ETF

ZAG CN

  3,874.68 

  1,087.09 

     94.13 

BMO Low Volatility Canadian Equity ETF

ZLB CN

  1,777.80 

     726.85 

     91.72 

High Interest Savings Account ETF

HISA CN

      60.28 

      60.22 

     60.22 

BMO Long Federal Bond Index ETF

ZFL CN

  1,147.71 

     899.75 

     55.26 

Horizons S&P 500 Index ETF

HXS CN

     692.02 

      41.24 

     53.12 

Fidelity Global Core Plus Bond ETF

FCGB CN

     109.55 

     118.49 

     44.43 

AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF

QBTL CN

     114.26 

     115.55 

     43.79 

BetaPro Crude Oil -2x Daily Bear ETF

HOD CN

      95.11 

      77.63 

     36.63 

Vanguard Canadian Aggregate Bond Index ETF

VAB CN

  1,968.10 

     686.29 

     35.38 

BetaPro S&P/TSX 60 2x Daily Bull ETF

HXU CN

      60.43 

      22.44 

     35.21 

BetaPro S&P 500 2x Daily Bull ETF

HSU CN

      72.44 

      15.17 

     34.24 

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

Investors have tended to invest in Equity and Fixed Income ETFs in November.

 

Contact [email protected]if you have any questions or comments on the press release or ETFGI events, research or consulting services. 

 

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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

Episode 15 of ETF TV features Ivan Gilmore, head of exchange-traded products and global product development at the London Stock Exchange sees innovation in trading protocols and ESG products are transforming the ETF landscape, plus his thoughts on active vs passive and governance.
Episode 16 of ETF TV features Deborah Fuhr and Dan Barnes - The ETF Rule in the US will lead to many new issues in the market across 2020; the ‘non-transparent active’ ETFs – in reality as transparent as mutual funds, and better described as periodically-disclosed ETFs, will increase in number. New smart-beta strategies and launches of funds based on existing smart-beta strategies will also grow.

 

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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