ETFGI reports the ETFs industry in Canada gathered US$1.56 billion in net inflows in September 2022

 

LONDON — October 27, 2022 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs industry in Canada gathered net inflows of US$1.56 billion during September, bringing year-to-date net inflows to US$19.64 billion. During the month, Canadian ETF assets decreased by 8.5%, from US$247 billion at the end of August to US$226 billion, according to ETFGI's September 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

  • ETFs industry in Canada gathered $1.56 Bn in net inflows in September.
  • Net inflows of $19.64 Bn YTD in 2022 are 3rd on record, after YTD net inflows of $34.74 Bn in 2021 and YTD net inflows of $24.64 Bn in 2020.
  • 3rd month of net inflows.
  • Assets of $226 Bn invested in ETFs listed in Canada at the end of September 2022.
  • Assets have decreased 17.3 % YTD in 2022, going from $273 Bn at the end of 2021, to $226 Bn.

 

“The S&P 500 decreased by 9.21% in September and was down by 23.87% YTD 2022. Developed markets excluding the US decreased by 10.07% in September and are down 27.63% YTD in 2022. Norway (down 18.96%) and Korea (down 18.78 %) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 10.23 % during September and were down 23.91% in 2022. Philippines (down 16.31%) and Hungary (down 16.07%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


Growth in Canadian ETF assets as of the end of September 2022

 

The ETFs industry in Canada had 1,032 products, with 1,307 listings, assets of $226 Bn, from 42 providers listed on 2 exchanges at the end of September.

During September, ETFs industry gathered net inflows of $1.56 Bn. Equity ETFs reported net outflows of $316 Mn during September, bringing YTD net inflows to $6.48 Bn, lower than the $14.93 Bn in net inflows equity products had attracted YTD in 2021. Fixed income ETFs suffered net outflows of $37 Mn during September, bringing YTD net inflows to $2.39 Bn, lower than the $4.87 Bn in net inflows fixed income products had attracted YTD in 2021. Active ETFs attracted net inflows of $1.97 Mn during the month, gathering YTD net inflows of $10.32 Bn, slightly lower than the $10.47 Bn in net inflows active products reported YTD in 2021.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.87 Bn during September. CI High Interest Savings ETF (CSAV CN) gathered $345 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets September 2022: Canada

Name

Ticker

Assets
($ Mn)
Sep-22

NNA
($ Mn)
 YTD-22

NNA
($ Mn)
Sep-22

CI High Interest Savings ETF

CSAV CN

2,624.36

1,187.33

344.59

High Interest Savings Account Fund

HISA CN

652.64

488.08

342.24

Purpose High Interest Savings ETF

PSA CN

1,977.45

702.03

280.35

BMO Long Federal Bond Index ETF

ZFL CN

1,417.18

6.59

263.70

BMO Ultra Short-Term Bond ETF

ZST CN

947.59

201.72

211.78

Horizons High Interest Savings ETF

CASH CN

430.98

445.41

192.44

iShares Core S&P 500 Index ETF  (CAD-Hedged)

XSP CN

4,989.98

488.85

154.82

BMO Ultra Short-Term US Bond ETF

ZUS/U CN

342.64

211.08

129.80

Horizons USD Cash Maximizer ETF - Acc

HSUV/U CN

666.01

410.61

121.16

iShares Core Canadian Short Term Bond Index ETF

XSB CN

2,310.73

(119.51)

114.82

BMO S&P 500 Index ETF

ZSP CN

8,242.84

20.92

105.78

iShares Core S&P US Total Market Index ETF

XUU CN

1,525.87

172.28

77.65

iShares S&P/TSX  Capped Energy Index ETF

XEG CN

1,397.11

220.32

76.77

Vanguard S&P 500 Index ETF

VFV CN

4,692.19

981.04

75.19

BMO Aggregate Bond Index ETF

ZAG CN

4,301.18

380.69

69.18

Invesco 1-3 Year Laddered Floating Rate Note Index ETF

PFL CN

133.62

112.61

67.13

iShares Premium Money Market Fund

CMR CN

225.99

98.19

65.09

Vanguard Canadian Aggregate Bond Index ETF

VAB CN

2,405.48

170.53

62.34

Vanguard S&P 500 Index ETF (CAD-hedged)

VSP CN

1,373.11

289.87

61.44

BMO S&P 500 Hedged To CAD Index ETF

ZUE CN

1,013.96

73.97

55.58

 

Investors have tended to invest in Active ETFs during September.

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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Additional Speakers announced for the 4th Annual ETFGI Global ETFs Insights Summit, Canada, in person in Toronto on Nov 30th & Dec 1st virtual. Register Now

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