ETFGI reports ETFs and ETPs listed in Canada gathered US$ 455 million in net inflows during April 2020
LONDON —May 21, 2020 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs listed in Canada gathered US$455 million in net inflows during April, bringing year-to-date net inflows to US$12.57 billion which is significantly more than the US$4.50 billion gathered year-to-date in 2019. In the month, Canadian ETF assets increased by 1.5%, from US$144.18 billion at the end of March to US$146.39 billion. At the end of April 2020, the Canadian ETFs/ETPs industry had 785 ETFs/ETPs, with 951 listings, from 40 providers on 2 exchanges according to ETFGI's April 2020 Canada ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted).
Highlights
- Canadian ETFs/ETPs assets at $146.39 billion at the end of April are the 5th highest on record.
- Equity ETFs/ETPs gathered net inflows of $243 Mn while Fixed income ETFs and ETPs experienced net outflows of $409 Mn in April
- At the end of April, the YTD inflows of $12.57 billion are much higher than $4.50 billion gathered
by this point in 2019.
“During April, driven by fiscal stimulus and the apparent slowing of the spread of COVID-19 despite the S&P 500 gained 12.8%, the biggest monthly gain in 33 years, with information technology stocks showing the largest gains. Outside the US, International markets also recovered, with the S&P Developed Ex-U.S. BMI and S&P Emerging BMI up 8% and 10%, respectively.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in Canadian ETF and ETP assets as of the end of April 2020
ETFs and ETPs listed in Canada gathered net inflows of $455 Mn in April. Year to date, net inflows stand at $12.57 Bn which is significantly more than the net inflows of $4.50 Bn gathered at this point in 2019.
Equity ETFs/ETPs gathered net inflows of $243 Mn in April, bringing year to date net inflows to $7.01 Bn, which is greater than the net inflows of $769 Mn over the same period last year. Fixed income ETFs and ETPs experienced net outflows of $409 Mn in April, reducing year to date net inflows to $1.26 Bn, which is slightly more than the same period last year which saw net inflows of $1.11 Bn. Commodity ETFs/ETPs accumulated net inflows of $117 Mn in April taking year to date, net inflows to $207 Mn, compared to net inflows of $1 Mn over the same period last year.
Active ETFs/ETPs gathered net inflows of $373 million during April, bringing year to date net inflows to $3.89 billion, which is significantly higher than the $2.57 billion in net inflows Active products had attracted at this point in 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets NNA, which collectively gathered $1.82 billion at the end of April, BMO MSCI EAFE Index ETF (ZEA CN) gathered $332.35 million alone.
Top 20 ETFs by net new assets April 2020: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
ZEA CN |
2,588.08 |
505.89 |
332.35 |
|
|
Purpose High Interest Savings ETF |
PSA CN |
1,586.77 |
(103.84) |
139.42 |
|
BMO Low Volatility Canadian Equity ETF |
ZLB CN |
1,728.04 |
249.26 |
131.57 |
|
iShares 1-10 Year Laddered Government Bond Index Fund |
CLG CN |
345.28 |
102.85 |
110.02 |
|
CI First Asset Gold Giants Covered Call ETF |
CGXF CN |
133.88 |
86.44 |
99.11 |
|
BetaPro Crude Oil 2x Daily Bull ETF - Acc |
HOU CN |
23.72 |
252.97 |
88.82 |
|
iShares S&P/TSX Global Gold Index ETF |
XGD CN |
853.26 |
87.90 |
84.25 |
|
BMO S&P 500 Index ETF |
ZSP CN |
5,432.23 |
482.62 |
83.86 |
|
BMO Ultra Short-Term Bond ETF |
ZST CN |
628.10 |
147.47 |
82.27 |
|
iShares Gold Bullion Fund - CAD Hdg |
CGL CN |
463.37 |
120.32 |
74.66 |
|
NBI Global Private Equity ETF |
NGPE CN |
75.51 |
72.04 |
71.08 |
|
iShares NASDAQ 100 Index Fund (CAD-Hedged) |
XQQ CN |
545.79 |
134.59 |
70.69 |
|
BMO Long-Term US Treasury Bond Index ETF USD |
ZTL/U CN |
77.50 |
70.87 |
69.46 |
|
Horizons Cdn Select Universe Bond ETF |
HBB CN |
1,045.01 |
734.70 |
64.44 |
|
iShares Premium Money Market Fund |
CMR CN |
345.65 |
83.49 |
60.71 |
|
BMO S&P US Mid Cap Index ETF |
ZMID CN |
63.34 |
57.90 |
56.74 |
|
Desjardins Alt Long/Short Equity Market Neutral ETF |
DANC CN |
146.49 |
36.48 |
54.53 |
|
BMO Low Volatility US Equity ETF |
ZLU CN |
1,182.99 |
93.58 |
53.29 |
|
iShares S&P/TSX Capped Energy Index ETF |
XEG CN |
432.04 |
145.88 |
48.01 |
|
BMO Nasdaq 100 Equity Hedged To CAD Index ETF |
ZQQ CN |
583.40 |
90.90 |
46.92 |
Investors have tended to invest in Active and Equity ETFs during April.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
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ETF sponsors and authorised participants (AP) are invited to complete The Global Custodian ETF Administration Survey
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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 watch episodes 1 - 12
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, sharing her views on the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv,sharing her views on the regional differences in approach to supporting investment based on environmental, social and governance factors
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.
Episode 17 of ETF TV features Highlights from ETFGI Global ETFs Insights Summit Toronto.
Episode 18 of ETF TV features Deborah Fuhr and Dan Barnes - Buy-side trading skills make bond ETFs and mutual funds safer for investors.
Episode 19 of ETF TV features Dan Barnes producer at ETF TV discusses with Tobias Sproehnle chief executive officer at Moorgate Benchmarks and Deborah Fuhr Managing Partner at ETFGI and producer at ETF TV – Why index providers decided to postpone index rebalances and how that has impacted investors and ETFs.
Episode 20 of ETF TV features Deborah Fuhr and Dan Barnes of ETF TV discuss the possible risks that investors in ETPs and ETFs may face as an outcome of the negative oil price, its underlying causes and possible outcomes.
Episode 21 of ETF TV features Deborah Fuhr, Rick Redding, CEO of the Index Industry Association, and Dan Barnes discuss how control of indexing can impact investors.
Episode 22 of ETF TV features Deborah Fuhr, Rick Redding, CEO of the Index Industry Association, and Dan Barnes discuss the implications of European Benchmarks Regulation on index-based products.
Episode 23 of ETF TV features Dan Barnes of ETF TV and Deborah Fuhr ETFGI discuss the key highlights from ETFGIs’ research on trends in the global ETF universe at the end of April.
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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.
Ms Fuhr was made a Fellow of CFA UK in January 2020, was the recipient of the ETF.com 2018 lifetime achievement award, 100 Women in Finance’s 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding and lasting contributions to the field of index investing, the Nate Most Greatest Contributor to the ETF industry award at the 11th annual ExchangeTradedFunds.com awards dinner in 2015, the ETF.com Lifetime achievement award in 2015. She has been named as one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016, and as one of the “10 to Watch in 2014” by Rep. magazine and wealthmanagement.com. Ms Fuhr won the award for the Greatest Overall Contribution to the development of the Global ETF industry in the ExchangeTradedFunds.com survey in 2011 and 2008 and received an award for her contribution to the ETF sector at the annual closed end funds and ETF event in New York and was featured in the Investors Chronicle’s list of “150 people that can make you money” in 2010.
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 the first women’s group for the ETF ecosystem. Founded in January 2014, WE inc is a 501(c)(3) non-profit organization that brings together over 5,800 women and men members, in 7 WE inc chapters across the United States and works with Women in ETFs entities in Canada, EMEA (7 chapters) and Pacific 1) CONNECT: Create opportunities for advancement of women by expanding connections among women and men in the ETF industry; 2) SUPPORT: Offer guidance for the current and next generation of women in ETFs and 3) INSPIRE: WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and across the industry and beyond. For more information, visit: www.womeninetfs.comto learn more, join, or sponsor. Follow us on Twitter: @WomeninETFs and on Linkedin: Women in ETFs
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