ETFGI reports that ETFs listed in Canada gathered net inflows of US$1.87 billion during May 2020


LONDONJune 12, 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 net inflows of US$1.87 billion during May, bringing year-to-date net inflows to US$14.44 billion which is nearly double the US$7.62 billion gathered at this point in 2019.  During the month ETF assets increased by 4.7%, from US$146.39 billion to US$153.29 billion according to ETFGI's May 2020 Canadian ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets of $153.29 billion at the end of May are the 4thhighest on record.
  • YTD net inflows of $14.44 billion are nearly double the $7.62 billion gathered 
    at this point in 2019.
  • Equity ETFs listed in Canada were extremely attractive during May with net inflows of $1.38 billion.
  • The Investment Industry Regulatory Organization of Canada (IIROC) released its proposal, "Improving Self-Regulation for Canadians"outlining the benefits of bringing together IIROC and the Mutual Fund Dealers Association of Canada (MFDA) as divisions of a consolidated self-regulatory organization (SRO). Benefits would include enhanced investor protection and access to advice, and a significant reduction in overlapping regulatory burden and red tape.

“The S&P 500 gained 4.8% in May and remains only 5.0% down from its level at the beginning of the year, as markets anticipated relief from a COVID-19-driven economic slowdown.   Developed markets outside the U.S. were also up 4.8% for the month with Sweden (up 9.9%) and Germany (up 9.2%) the top performers, while Hong Kong (down 7.7%), was the only market to be down for the month due to recent political turmoil. Emerging markets lagged during the month, gaining 1.3% as the economic impact of virus shutdowns remains somewhat more uncertain compared to developed regions.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Growth in Canadian ETF and ETP assets as of the end of May 2020

 

At the end of May 2020, the Canadian ETFs industry had 795 ETFs, with 968 listings, from 39 providers on listed on 2 exchanges.  Overall ETFs gathered net inflows of $1.87 Bn during May.   Equity ETFs gathered net inflows of $1.38 Bn in May, bringing YTD net inflows in 2020 to $8.38 Bn, higher than the $2.47 Bn in net inflows Equity products had attracted at this point in 2019. Fixed Income ETFs gathered net inflows of $173 Mn during May, bringing net inflows for the year to May 2020 to $1.45 Bn, slightly lower than the $1.78 Bn in net inflows Fixed Income products had attracted at this point in 2019. Commodity ETFs accumulated net inflows of $79 Mn in May, and YTD net inflows of $285 Mn, which is much greater than the net outflows of $4 Mn over the same period last year.   

Active ETFs attracted net inflows of $156 Mn during the month, gathering net inflows for the year in Canada of $4.04 billion, greater than the $3.25 billion in net inflows Active products had reported for the year to May 2019.

 

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.11 billion during May, TD International Equity Index ETF (TPE CN) gathered $507.27 million alone.

Top 20 ETFs by net new assets May 2020: Canada

Name

Ticker

Assets
(US$ Mn)
 May-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
 May-20

TD International Equity Index ETF

TPE CN

 554.90 

 521.11 

 507.27 

BMO S&P 500 Index ETF

ZSP CN

 5,917.75 

 692.24 

 209.62 

iShares Core Canadian Universe Bond Index ETF

XBB CN

 3,224.20 

 245.93 

 176.48 

Horizons Cdn Select Universe Bond ETF

HBB CN

 1,240.62 

 909.41 

 174.71 

Purpose High Interest Savings ETF

PSA CN

 1,779.82 

 69.16 

 173.00 

CI First Asset Morningstar International Momentum Index ETF (unhedged)

ZXM/B CN

 134.05 

 110.18 

 111.53 

Mackenzie Canadian All Corporate Bond Index ETF

QCB CN

 119.58 

 109.37 

 88.88 

BMO Long Federal Bond Index ETF

ZFL CN

 1,288.17 

 14.44 

 87.44 

Horizons Cash Maximizer ETF - Acc

HSAV CN

 242.17 

 244.37 

 78.58 

iShares S&P/TSX Global Gold Index ETF

XGD CN

 934.63 

 156.27 

 68.37 

iShares Core Canadian Short Term Bond Index ETF

XSB CN

 1,697.83 

 21.70 

 56.44 

Fidelity Global Core Plus Bond ETF

FCGB CN

 399.54 

 235.95 

 53.09 

BMO MSCI Europe High Quality Hedged to CAD Index ETF

ZEQ CN

 215.29 

 48.82 

 43.57 

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

 4,415.28 

 299.43 

 43.55 

iShares Edge MSCI Min Vol Global Index ETF

XMW CN

 241.59 

 55.85 

 42.36 

iShares Gold Bullion Fund - CAD Hdg

CGL CN

 518.18 

 161.32 

 41.00 

iShares NASDAQ 100 Index Fund (CAD-Hedged)

XQQ CN

 631.16 

 175.38 

 40.79 

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC CN

 1,173.78 

 51.74 

 40.11 

iShares S&P/TSX 60 Index Fund

XIU CN

 6,006.06 

 195.10 

 39.97 

Fidelity International High Quality Index ETF

FCIQ CN

 85.61 

 51.06 

 36.19 



Investors have tended to invest in Equity ETFs during May.


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

## 

Join Deborah Fuhr of ETFGI at the Wealth Professional’s Advisor Connect, a virtual event dedicated exclusively to wealth professionals, as she discusses with a panel of experts what’s in store for remainder of the 2020 ETF market and what new solutions can ETFs provide for advisors. Advisors can register for free to join at Advisor Connect
 

 


   ETF TV is a new show for institutional investors and financial advisors 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 the latest episodes and contact us if you are interested in sponsoring a mini segment or a full episode.

 ETF TV Episode 26 Industry reactions to March volatility Dan Barnes and Deborah Fuhr discussIndustry associations and central banks have reported on the volatility and high trading volumes seen in March 2020, with papers published by the Investment Association, the Bank of England and International Capital Markets Association. ETF TV examines the conclusions these reports came to and tracks down consensus views on the performance of the exchange-traded fund market.   #PressPlay   

 ETF TV Episode 25 Fixed income ETFs: Positive performance and pricing  Fixed income ETFs have come through the greatest test of all in March, proving they could function in highly volatile markets. Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Deborah Fuhr and Dan Barnes of ETF TV, discuss how they performed when markets were stretched, the mechanics of pricing ETFs in the recent crisis, access to transparency in these markets and the increasing use of ETF by institutional investors as tools. #PressPlay





 

Due to the corona virus situation in New York and London, we postponed our April 2ndNew York and May 19thLondon events. 

The ETFGI Global ETFs Insights Summits are designed to facilitate substantive and in-depth discussions around the impact that market structure and regulations have on ETF product development, due diligence, suitability, the use and trading, and technological developments have on ETFs and mutual funds in the respective jurisdictions. Free registration and CPD credits are offered to investors and financial advisors. 

Speakers include: 

  • Barbara Novick, Vice Chairman, BlackRock
  • Rick Redding, CEO, Index Industry Association
  • Kathleen H. Moriarty, Partner, Chapman and Cutler LLP
  • Jeffrey B. Baccash, Director, Global Head of ETF Solutions, BNP Paribas Securities Services
  • Kevin R. Gopaul, Global Head, Exchange Traded Funds, BMO Global Asset Management
  • Eric M. Pollackov, Global Head of ETF Capital Markets, Invesco Ltd.
  • Deborah Fuhr, Managing Partner and Founder, ETFGI
  • Dan McCabe, Chief Executive Officer, Precidian Investments

To see the full list of confirmed speakers click here and visit the website to see further updates.


###

Attribution Policy 
The information contained here is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, Founder, ETFGI website www.etfgi.com.  

https://gallery.mailchimp.com/551a1415abdf7c25dbc1a66fe/images/873134b1-6263-4fb5-ba9e-d7a75dd6f833.jpg ETFGI is supporting  Jobs in ETFs, the first website for careers and recruitment in the ETF industry.  www.jobsinetfs.com

ABOUT ETFGI
ABOUT THE FOUNDER
ETFGI SERVICES 

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: [email protected] 
Web: www.etfgi.com 


Connect on:
Deborah Fuhr       
ETFGI    
ETF Network   
ETF TV      
Women in ETFs