ETFGI reports that ETFs industry in Canada gathered 2.07 billion US dollars in net inflows in October 2022

LONDON — November 25, 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 gathered net inflows of US$2.07 billion during October, bringing year-to-date net inflows to US$21.65 billion. During the month, Canadian ETF assets increased by 6.0%, from US$226 billion at the end of September to US$239 billion, according to ETFGI's October 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 $2.07 Bn in net inflows in October.
  • YTD Net inflows of $21.65 Bn during 2022 are the third highest on record, after YTD net inflows of $38.01 Bn in 2021 and YTD net inflows of $25.95 Bn in 2020.
  • 4th month of net inflows.
  • Assets of $239 Bn invested in ETFs listed in Canada at the end of October 2022.

 

“The S&P 500 increased by 8.10 % in October but is down by 17.70% YTD in 2022. Developed markets excluding the US increased by 5.33% in October but are down 23.78% YTD in 2022. Norway (up 11.51%) and Ireland (up 10.52 %) saw the largest increases amongst the developed markets in October. Emerging markets decreased by 3.54% during October and are down 26.60% YTD in 2022. China (down 14.74%) saw the largest decrease amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


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

 

The ETFs industry in Canada had 1,040 ETFs, with 1,317 listings, assets of $239 Bn, from 42 providers listed on 2 exchanges at the end of October.

During October, ETFs gathered net inflows of $2.07 Bn. Equity ETFs reported net inflows of $428 Mn during October, bringing YTD net inflows to $6.85 Bn, lower than the $16.83 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs had net inflows of $83 Mn during October, bringing net inflows for the year through October 2022 to $2.47 Bn, lower than the $4.96 Bn in net inflows fixed income products had attracted by the end of October 2021. Active ETFs attracted net inflows of $1.56 Mn over the month, gathering YTD net inflows of $11.88 Bn, slightly higher than the $11.42 Bn in net inflows active products had reported by the end of October 2021.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.99 Bn during October. BMO Ultra Short-Term Bond ETF (ZST CN) gathered $392 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets October 2022: Canada

Name

Ticker

Assets
($ Mn)
Oct-22

NNA
($ Mn)
 YTD-22

NNA
($ Mn)
Oct-22

BMO Ultra Short-Term Bond ETF

ZST CN

1,354.74

594.46

392.74

iShares S&P/TSX 60 Index Fund

XIU CN

7,848.98

650.71

344.74

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

VSP CN

1,853.44

624.06

334.19

CI High Interest Savings ETF

CSAV CN

2,997.18

1,516.19

328.87

Purpose High Interest Savings ETF

PSA CN

2,310.90

1,000.93

298.90

BMO Money Market Fund

ZMMK CN

401.32

281.48

220.87

BMO Aggregate Bond Index ETF

ZAG CN

4,425.26

492.81

112.12

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

XSP CN

5,590.69

594.74

105.90

Horizon S&P/TSX 60 Index ETF - Acc

HXT CN

2,740.50

873.25

103.23

Horizons High Interest Savings ETF

CASH CN

533.46

539.97

94.55

NBI Sustainable Canadian Equity ETF

NSCE CN

884.45

668.44

90.87

iShares NASDAQ 100 Index Fund (CAD-Hedged)

XQQ CN

1,286.50

274.97

79.96

Mackenzie Canadian All Corporate Bond Index ETF

QCB CN

281.46

115.40

78.87

Dynamic Active U.S. Mid-Cap ETF

DXZ CN

88.47

74.18

78.66

BMO Covered Call Utilities ETF

ZWU CN

1,258.64

318.30

62.05

NBI High Yield Bond ETF

NHYB CN

653.14

129.05

60.56

Invesco 1-3 Year Laddered Floating Rate Note Index ETF

PFL CN

192.01

168.81

56.19

iShares Canadian Corporate Bond Index Fund

XCB CN

1,085.94

138.78

54.86

BMO S&P 500 Hedged To CAD Index ETF

ZUE CN

1,165.98

122.66

48.70

NBI Liquid Alternatives ETF

NALT CN

266.14

206.78

47.80

 

Investors have tended to invest in Active ETFs during October.

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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We hope you will join us on November 30th in Toronto for our 4th Annual ETFGI Global ETFs Insights Summit from 8:30am – 6:45pm including a drinks reception Register Now

 

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

Nov 30th - day 1 - In person from 8:30am – 6:45pm ET including a drinks reception at Borden Ladner Gervais LLP's Toronto office. Full day event free for IFAs and institutional investors – spaces are allocated on a first come basis as spaces are limited.

Dec 1st - day 2 - virtual panel discussions on our virtual event platform.
If you can't attend on the day, register anyway and you'll receive recordings of all the sessions.

The summit 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.

This event will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants.

 


DAY 1 Agenda, Wednesday, November 30th

*Please note that all times listed are Eastern Time

 
8:30am – 9:00am Registration & Welcome Coffee
 
9:00am - 9:05am Welcoming Remarks
 
9:05am – 9:50am How Regulations are Impacting Market Structure and ETF Trading
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Rizwan Awan, President Equity Trading and Head of TMX Markets Products & Services, TMX Group
Kevin Gopaul, Global Head of ETFs, BMO Global Asset Management
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Jos Schmitt, President & CEO, NEO Group
 
9:50am – 10:15am Global Macro Outlook
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Bilal Hasanjee, CFA, MBA, MScFinance, Senior Investment Strategist, Vanguard Investments Canada Inc.
 
10:15am – 10:40am What You Need to Know About Covered Call ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Trevor Cummings, CIMA, Vice President, ETF Distribution, TD Asset Management Inc.
 
10:40am – 11am Networking Break
 
11am – 11:30am How Regulatory Changes are Impacting ETFs in Canada
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Shalomi Abraham, Senior Vice President, Head of Legal - Canada, Invesco Canada Ltd.
Raymond Chan, Director of the Investment Funds and Structured Products Branch (IFSP), Ontario Securities Commission
Roma Lotay, Partner, Borden Ladner Gervais LLP
 
11:30am – 11:50am Tax Update for Investors in Canada
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Joseph Micallef, FCPA, FCA, Partner, Tax – National Tax Leader Financial Services & Asset Management, KPMG
Grace Pereira, Partner, Borden Ladner Gervais LLP
 
11:50am – 12:25pm ETF Trading Trends
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Alex Perel, CFA, Head of ETF Services, Scotiabank
Kevin Law, Head of Canadian ETF Trading, Virtu ITG Canada Corp.
 
12:25pm – 1:10pm Lunch and Panel Discussion
Women in ETFs – Managing Career Transitions
Moderator: Pat Dunwoody, Executive Director, Canadian ETF Association
Tammy Cash, Head of Marketing, Americas, Vanguard, Vanguard Investments Canada Inc.
Divya Steinwall, Wine Consultant, La Barrique Wine Consulting
 
1:10pm – 1:35pm Trends in the ETF industry ETFGI Research
Deborah Fuhr, Managing Partner, Founder, ETFGI
 
1:35pm – 2:05pm How Are Institutions and Financial Advisors Using ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Roger Chandhok, Director, Global Equity Derivatives, ETF Sales & Trading, National Bank Financial Markets
Megan France, Director, ETF Business Development, CIBC Capital Markets
Greg Walker, Director, ETF Capital Markets & Strategic Partnerships, BMO Global Asset Management
 
2:05pm – 2:35pm Update on the Canadian ETF Market Landscape
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Raj Lala, CEO, Evolve ETFs
Ronald Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Daniel Straus, Ph.D., M.Fin., Director of ETF Research, National Bank of Canada Financial Markets
 
2:35pm – 3:20pm Future Trends - ETF Industry Outlook
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Mario Cianfarani, Head of Key Accounts and Institutional Sales, Vanguard Investments Canada Inc.
Mark Noble, Executive Vice President, ETF Strategy, Horizons ETFs (Canada) Inc.
Som Seif, CEO, Purpose Unlimited
 
3:20pm – 3:45pm Advantage of Transparency and Advocacy (ESG)
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Laura Tase, Director BMO ETFs, BMO Global Asset Management
 
3:35pm – 4:05pm Networking Break
 
4:05pm – 4:35pm The Gender Gap in Wealth Management
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Narinder Dhami, Executive Lead and Co-Founder, New Power Labs
Lisa Langley, CEO, Emerge Canada
 
4:35pm – 5:05pm Now is the Time for Fixed Income ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Sandy Liang, Head of Fixed Income, Purpose Investments
Daniel Stanley, Director, BMO Global Asset Management
Mary Jane Young, Director, Head of ETF Trading, TD Securities
 
5:05pm – 5:35pm Trade Ideas for Income and Equities: Ideas for a Recession or Recovery
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Carlos Da Costa Frias, Head - Product Development, Desjardins
Daniela Fajardo Garcia, Associate, ETF Services, Scotiabank
Hussein Rashid, Director, ETF Institutional Sales, TD Securities
 
5:35pm – 5:40pm Closing Remarks
 
5:40pm – 6:45pm Networking Drinks Reception
 

🆓    Free registration for buy side institutional investors and financial advisors📚   CPD educational credits 🎧   Session recordings - If you cannot attend on the day, register anyway and you will receive the links to the session recordings. You will also receive access to last year's session recordings.


                                                                                                  


Please contact Deborah Fuhr deborah.fuhr@etfgi.com and Margareta Hricova margareta.hricova@etfgi.com if you interested in speaking, sponsoring or have any questions about any of our upcoming events.


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    ETFGI 
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