ETFGI reports the ETFs industry in Canada suffered net outflows in June 2022 after 35 months of consecutive net inflows
LONDON — July 12, 2022 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in Canada suffered net outflows in June 2022 after 35 months of consecutive net inflows. ETFs listed in Canada suffered net outflows of US$644 million during June, bringing year-to-date net inflows to US$15.28 billion. In June 2019 the ETFs industry in Canada suffered net outflows of US$46 million. During the month, Canadian ETF assets decreased by 6.3%, from US$260 billion at the end of May to US$243 billion, according to ETFGI's June 2022 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
- Assets of $243 Bn invested in ETFs listed in Canada at the end of H1 2022.
- Assets have decreased 10.9% in H1 2022, going from $273 Bn at the end of 2021, to $243 Bn.
- Net outflows of $644 Mn in June 2022 – the first month of net outflows in 3 years.
- 1st month of net outflows.
- Net inflows of $15.28 billion in H1 2022 are the third highest on record, after net inflows of $26.35 billion in H1 2021 and net inflows of $16.82 billion in H1 2020.
- $35.54 Bn in net inflows gathered in the past 12 months.
- Equity ETFs and ETPs listed in Canada gathered $6.76 Bn in net inflows in H1 2022 are the third highest on record, after net inflows of $11.52 Bn in H1 2021 and net inflows of $9.56 Bn in H1 2020.
“The S&P 500 decreased by 8.25% in June and are down by 19.96% in the first half of 2022. Developed markets excluding the US decreased by 9.94% in June and are down 20.09% in H1 2022. Luxembourg (down 20.27%) and Korea (down 17.54%) saw the largest decreases amongst the developed markets in June, while Hong Kong (up 1.40%) saw the largest increase. Emerging markets decreased by 5.19% during June and are down 16.12% in H1 2022. Colombia (down 24.12%) and Brazil (down 20.14%) saw the largest decreases amongst emerging markets in June, while China (up 6.53%) saw the largest increase.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in Canadian ETF assets as of the end of June 2022
At the end of June 2022, the Canadian ETF industry had 1,014 ETFs, with 1,283 listings, assets of $243 Bn, from 42 providers on 2 exchanges.
During June, ETFs gathered net outflows of $644 Mn. Equity ETFs gathered net outflows of $2.20 Bn over June, bringing net inflows for the year through June 2022 to $6.76 Bn, lower than the $11.52 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs had net inflows of $539 Mn during June, bringing net inflows for the year through June 2022 to $1.73 Bn, lower than the $3.84 Bn in net inflows fixed income products had attracted by the end of June 2021. Commodities ETFs reported net outflows of $28 Mn during June, bringing net outflows for the year through June 2022 to $224 Mn, lower than the $214 Mn in net inflows commodities products had reported year to date in 2021. Active ETFs attracted net inflows of $1.56 Mn over the month, gathering net inflows for the year in Canada of $6.46 Bn, lower than the $7.08 Bn in net inflows active products had reported in the first five months of 2021.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.06 Bn during June. Horizons Cdn Select Universe Bond ETF (HBB CN) gathered $720 Mn, the largest individual net inflow.
Top 20 ETFs by net new assets June 2022: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
HBB CN |
1,871.23 |
787.51 |
719.16 |
|
|
BMO Equal Weight Banks Index ETF |
ZEB CN |
2,373.27 |
568.95 |
347.75 |
|
CI High Interest Savings ETF |
CSAV CN |
2,022.57 |
400.65 |
198.22 |
|
Mackenzie Canadian Aggregate Bond Index ETF |
QBB CN |
347.11 |
225.14 |
169.93 |
|
TD US Long Term Treasury Bond ETF |
TULB CN |
190.78 |
185.43 |
160.40 |
|
iShares Core Canadian Universe Bond Index ETF |
XBB CN |
3,593.97 |
318.91 |
156.60 |
|
BMO Ultra Short-Term US Bond ETF |
ZUS/U CN |
354.15 |
221.12 |
134.83 |
|
iShares MSCI EAFE IMI Index Fund |
XEF CN |
3,803.15 |
21.36 |
134.68 |
|
NBI Sustainable Canadian Bond ETF |
NSCB CN |
202.15 |
163.72 |
118.24 |
|
Purpose High Interest Savings ETF |
PSA CN |
1,565.31 |
151.94 |
115.75 |
|
NBI Sustainable Canadian Equity ETF |
NSCE CN |
775.83 |
551.39 |
107.27 |
|
BMO Ultra Short-Term Bond ETF |
ZST CN |
1,002.84 |
193.22 |
105.58 |
|
Mackenzie US Investment Grade Corporate Bond Index ETF CAD-Hedged |
QUIG CN |
349.35 |
95.80 |
104.39 |
|
TD Canadian Long Term Federal Bond ETF |
TCLB CN |
678.56 |
562.13 |
91.22 |
|
CIBC Global Bond EX-Canada Index ETF Cad-Hedged |
CGBI CN |
256.77 |
118.40 |
87.85 |
|
CIBC US Equity Index ETF |
CUEI CN |
242.95 |
89.93 |
76.31 |
|
Horizons US Large Cap Index ETF - Acc |
HULC CN |
278.85 |
108.32 |
67.49 |
|
RBC Canadian Discount Bond ETF |
RCDB CN |
281.32 |
151.60 |
59.72 |
|
iShares Canadian Long Term Bond Index Fund |
XLB CN |
454.40 |
140.93 |
54.79 |
|
Harvest Healthcare Leaders Income ETF - CAD Hdg |
HHL CN |
825.57 |
222.07 |
51.50 |
Investors have tended to invest in Active ETFs during June.
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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Announcing the 4th annual ETFGI Global ETFs Insight Summit Canada - in person in Toronto on Nov 30th and virtual on Dec 1st
ETFGI (www.ETFGI.com), a leading independent firm which has for over 10 years offered a database and factsheets for all ETFs and ETPs listed globally, published monthly research reports covering trends in the global ETFs ecosystem, provided consulting services and educational events, is excited to announce the details of our 4th annual ETFGI Global ETFs Insight Summit Canada. The event will be in person in Toronto on November 30th and December 1st will be a virtual day of content. Register now to join us!
The event is designed to provide the opportunity for IIROC and MFDA advisors, and traders, portfolio managers, CIOs at buyside institutional investor to examine how ETFs are being selected, used and traded. Hear panel discussions on the business, technological, and regulatory developments impacting trading, best execution, ESG, crypto and Client Focused Reforms that are impacting investors.
If you can't attend on the day, register anyway and you'll receive recordings of all the sessions.
🎧 All sessions are recorded and you will also receive access to last year's session recordings
📚 CPD educational credits
🆓 Free registration for buy side institutional investors and financial advisors
DAY 1 – in person on November 30th at BLG’s office in Toronto from 9:30am – 5:00pm ET followed by drinks reception from 5pm – 6:30pm (attendees will receive access to virtual event content on day 2). Space is limited so register early. All sessions will be recorded.
DAY 2 – Virtual on December 1st - panel discussions on our virtual event platform
If you interested in speaking, sponsoring or have any questions please contact Deborah Fuhr deborah.fuhr@etfgi.com and Margareta Hricova margareta.hricova@etfgi.com.
2022 ETFGI Global ETFs Insights Summits:
- 3rd Annual Europe & MEA (Hybrid), Sept 14 in person at the London Stock Exchange and Sept 15 & 16 virtual Register Here
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2022 ETFGI Global ETFs Insights Summits Recordings:
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Contact:
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ETFGI
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