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
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 |
NNA |
NNA |
|
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 |
Investors have tended to invest in Equity and Fixed Income ETFs in November.
Contact deborah.fuhr@etfgi.comif you have any questions or comments on the press release or ETFGI events, research or consulting services.
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Episode 1 ETF TV views from industry leaders in Europe
Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs
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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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