ETFGI reports ETFs listed in Canada have gathered a record US$25.98 billion in year to date net inflows as of the end of October 2020

 

LONDON November 26, 2020 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that ETFs listed in Canada gathered net inflows of US$1.34 billion during October, bringing year-to-date net inflows to a record US$25.98 billion which is significantly above the 2019 YTD and full year 2019 inflows of US$14.16 billion and US$20.93 billion respectively.    During October, Canadian ETF assets decreased by 1.2%, from US$176.27 billion at the end of September to US$174.12 billion, according to ETFGI's October 2020 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • year-to-date net inflows are a record $25.98 billion, significantly above the 2019 YTD and full year 2019 inflows of $14.16 billion and $20.93 billion respectively.
  • Canada celebrates the 20th anniversary of the listing of the world's first ever fixed income ETFs on November 22nd.  
  • Assets of $174.12 billion invested in ETFs and ETPs listed in Canada at the end of October are the 3rd highest on record.
     

“During October, the S&P 500 decreased by 2.66% due to the uncertainty of US elections and rise in virus infections.  Developed markets outside the US fell 3.56% during October, 21 of 24 countries lost ground as a large portion of Europe announced new lockdown plans. Emerging markets reported positive a return of 2.04% in October.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


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

 


Canada celebrate the 20th anniversary of the listing of the world's first ever fixed income ETFs November 22nd.   The first fixed income ETFs were a five-year Government of Canada bond (ticker XGV) and a ten-year bond (ticker XGX).  These bond ETFs were merged into the iShares Core Canadian Universe bond ETF (ticker XBB) The Canadian ETF industry had 843 ETFs, with 1,024 listings, assets of $174.12 Bn, from 38 providers listed on 2 exchanges at the end of October.

Equity ETFs/ETPs gathered net inflows of $609 million during October, bringing net inflows YTD 2020 to $12.46 billion, which is much higher than the $2.75 billion in net inflows equity products had gathered YTD in 2019. Fixed income ETFs/ETPs had net inflows of $113 million during October, bringing net inflows for the year to October 2020 to $4.07 billion, higher than the $3.59 billion in net inflows fixed income products had attracted by the end of October 2019.            Commodity ETFs/ETPs accumulated net inflows of $19 Mn in October. Year to date, net inflows are at $578 Mn, compared to net inflows of $75 Mn over the same period last year.  Active ETFs/ETPs attracted net inflows of $522 million over the month, gathering net inflows for the year in Canada of $8.36 billion, greater than the $7.43 billion in net inflows active products had reported for the year to October 2019.

 

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $1.82 billion during October. Horizons Emerging Markets Equity Index ETF - Acc (HXEM CN) gathered $345.51 million alone.

Top 20 ETFs by net new assets October 2020: Canada

Name

Ticker

Assets
(US$ Mn)
Oct-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
Oct-20

Horizons Emerging Markets Equity Index ETF - Acc

HXEM CN

    345.25

    355.63

   345.51

TD Q Canadian Dividend ETF

TQCD CN

    209.98

    221.04

   213.71

Horizons International Developed Markets Equity Index ETF

HXDM CN

    416.86

    340.30

   186.79

Horizons Cdn Select Universe Bond ETF

HBB CN

 1,457.21

 1,068.67

   136.63

BMO Aggregate Bond Index ETF

ZAG CN

 3,850.11

   (203.70)

   118.57

TD Global Technology Leaders Index ETF

TEC CN

    310.26

    248.64

   102.59

WisdomTree U.S. Quality Dividend Growth Index Unit ETF

DGR/B CN

    115.81

      59.91

     91.69

Horizons Cash Maximizer ETF - Acc

HSAV CN

    549.41

    542.26

     81.79

BMO Long Federal Bond Index ETF

ZFL CN

 1,700.75

    422.33

     78.49

CI High Interest Savings Fund

CSAV CN

 1,986.56

    893.75

     56.90

TD Active Global Infrastructure Equity ETF

TINF CN

      49.34

      51.79

     49.52

Mackenzie Canadian Short-Term Bond Index ETF

QSB CN

    210.30

    204.27

     49.11

Fidelity International High Quality Index ETF

FCIQ CN

    218.03

    171.79

     47.65

iShares Core Canadian Short Term Bond Index ETF

XSB CN

 1,898.29

    158.71

     40.58

iShares NASDAQ 100 Index Fund (CAD-Hedged)

XQQ CN

    807.31

    230.78

     40.58

BMO High Yield US Corporate Bond Hedged to CAD Index ETF  

ZHY CN

    532.55

      46.43

     39.43

Vanguard S&P 500 Index ETF

VFV CN

 2,426.10

    327.04

     39.28

Manulife Multifactor Canadian Smid Cap Index Etf

MCSM CN

      74.37

      73.96

     35.38

Emerge ARK Global Disruptive Innovation ETF - Acc

EARK CN

      30.81

      33.31

     33.31

Vanguard Growth ETF Portfolio

VGRO CN

 1,122.58

    340.79

     32.88



Investors have tended to invest in Equity ETFs during October.

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 News #47 Dimensional Fund Advisors entered the ETF industry last week launching its first ETFs

This is significant news for retail investors as the firms mutual funds have exclusively been available only to trained advisors. The firm listed 2 ETFs last week, plans to list another ETF in December and is working to convert 6 mutual funds with approx. $20 billion in assets into ETFs in 2021. Dan Barnes ETFtv and Deborah Fuhr ETFGI discuss the trends seen in the 23 new ETFs which were listed globally during the week of November 16, 2020

#PressPlay to hear more  https://bit.ly/33aPygu 

 

ETFGI Weekly Newsletter November 23, 2020 https://bit.ly/39gjufg

 




 

Free registration for buy side institutional investors and financial advisors at the ETFGI Global ETFs Insights Summit - Canada, a virtual event on November 30 & December 1 from 12:30 to 17:30 EST! Register now 

The event is designed to facilitate a substantive and in-depth discussion on the regulatory, trading, and technological developments impacting the use, selection, trading, and development of new ETFs and the impact ETFs have on markets and market structure.  

Free registration and CPD educational credits are offered to buy side institutional investors and financial advisors. 
Register Here Cannot attend, register anyway so we can send you the session recordings. 

Attendees will have the opportunity to see and hear speakers the keynote and panel discussions with audience Q&A and visit virtual event booths and network.

Exciting line up of speakers, topics, and virtual networking! View the full agenda and see all of the speakers on the 
event website

Speakers will include:

  • Rochelle “Shelly” Antoniewicz, PhD, Senior Director of Industry and Financial Analysis, Investment Company Institute
  • Elmer Atagu, Director, ETF Trading, CIBC Capital Markets
  • Kathleen Bock, Principal and Head of the Americas Region, Vanguard
  • Georgia Bullitt, Partner, Willkie Farr & Gallagher LLP
  • Raymond Chan, Director, Investment Funds, Structured Products, Ontario Securities Commission
  • Prerna Chandak, VP, ETF Product & Strategy, Mackenzie Investments
  • Roger Chandhok, Director, Global Equity Derivatives, ETF Sales & Trading, National Bank Financial
  • Pat Chiefalo, Managing Director, Head of iShares Canada, BlackRock
  • Michael Cooke, SVP, Head of Exchange Traded Funds, Mackenzie Investments
  • Michael Craig, Managing Director Head of Asset Allocation & Derivatives, TD Asset Management
  • Jaclyn Daitchman, Vice President, ESG Client Coverage, MSCI Inc.
  • Carol E. Derk, Partner, Borden Ladner Gervais LLP
  • Todd Evans, Managing Director, Investment Industry Association of Canada
  • Linda French, Associate Chief Counsel, ICI Global
  • Deborah Fuhr, Founder, Managing Director, ETFGI
  • Yann Furic, CFA, Senior Portfolio Manager, Asset Allocation & Alternative Strategies, Financière des Professionnels
  • Kevin Gopaul, President, Exchange Traded Funds, BMO Global Asset Management
  • Michael Greenberg, VP, Portfolio Manager, Franklin Templeton Investment Solutions
  • Katie Gouinlock, Head of Canada ETF Capital Markets, Vanguard Canada
  • Margaret Gunawan, Managing Director, General Counsel & Chief Compliance Officer, BlackRock
  • Mary Hagerman M.Sc.,FCSI,CIM,Pl.Fin., Portfolio Manager, Investment Advisor, Groupe Mary Hagerman de Raymond James
  • John Jacobs, Executive Director, Center for Financial Markets and Policy, McDonough School of Business, Georgetown University  
  • Tara Kennedy, VP, Trading, Wealthsimple
  • Dan Kessous, CEO, Nasdaq Canada
  • Ronald Landry, Head of Product and Canadian ETF Services, CIBC Mellon
  • Kevin Law, ETF Trader, Virtu Financial, Canada
  • Alfred Lee, Director, Portfolio Manager, Investment Strategist, BMO Global Asset Management
  • Jin Li, Vice President, ETF & Quantitative Research Analyst, BMO Capital Markets
  • Graham Mackenzie, Head, Exchange Traded Products, TMX Group
  • Christian Medeiros, CFA, Associate Portfolio Manager, TD Asset Management
  • Joseph Micallef, FCPA, FCA, Partner, Tax – National Tax Leader Financial Services & Asset Management Industry, KPMG
  • Mona Naqvi, Head of ESG Index Strategy, North America, S&P Dow Jones Indices
  • Jonathan Needham, Vice President, ETF Distribution, TD Asset Management
  • Grace Pereira, Senior Counsel, Borden Ladner Gervais
  • Alex Perel, Head of ETF Services, Scotiabank Global Banking & Markets
  • Rick Redding, CEO, Index Industry Association
  • Andres Rincon, CMT Director, Head of ETF Sales & Strategy, TD Securities Inc.
  • Erik Sloane, Chief Revenue Officer, NEO Exchange
  • Alex Taylor, Vice President, Surveillance, IIROC
  • Fred Wang, Associate Portfolio Manager, Portfolio Solutions, Mackenzie Investments


Panel discussions will cover the following topics:

  • Introduction to ETF Landscape in Canada
  • Fireside Chat – Regulatory Initiatives Impacting ETFs  
  • An Appraisal of Market Structure and ETF Trading
  • ETF Trading and Implementation
  • Impact of Regulations on Investor Choice
  • Update on Regulatory Trends in the US ETF Industry
  • Trends in the Use of Fixed Income ETFs
  • Macro Investment Outlook
  • Fireside Chat – Regulatory Trends in ESG and Sustainable Investing
  • How Investors Are Implementing ESG Into Their Portfolios
  • ETF Due Diligence
  • How Are Institutions and Financial Advisors Using ETFs?
  • What Are the Future Trends That Will Impact Investor and ETFs? 

For speaker updates and the full agenda, please visit the event websiteRegister Here

Please contact Deborah Fuhr deborah.fuhr@etfgi.com and Margareta Hricova margareta.hricova@etfgi.com if you have any questions or are interested in sponsoring or speaking at a future event.
 

We look forward to seeing you at the event! 
 

Debbie and Margareta
Deborah Fuhr
Managing Partner, Founder, Owner
ETFGI
London EC2N 1AR United Kingdom

deborah.fuhr@etfgi.com

 

 



Upcoming ETFGI Global ETFs Insights Summits:

2020
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Register Here, Event Website

2021
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