ETFGI reports the ETFs industry in Canada gathered US$3.34 billion in net inflows in November 2022

 

LONDON — December 20, 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$3.34 billion during November, bringing year-to-date net inflows to US$24.98 billion. During the month, assets invested in the ETFs industry in Canada increased by 7.4%, from US$239 billion at the end of October to US$257 billion, according to ETFGI's November 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 $3.34 Bn in net inflows in November.
  • Net inflows of $24.98 Bn during 2022 are the third highest on record, after YTD net inflows of $42.57 Bn in 2021 and YTD net inflows of $28.22 Bn in 2020.
  • 5th consecutive month of net inflows.
  • Assets of $257 Bn invested in ETFs listed in Canada at the end of November 2022.

 

“The S&P 500 increased by 5.59 % in November but is down 13.10% YTD in 2022. Developed markets excluding the US increased by 10.63% in November but are down 15.67% YTD in 2022. Hong Kong (up 24.17%) and Netherlands (up 17.45%) saw the largest increases amongst the developed markets in November. Emerging markets increased by 13.26% during November but are down 16.86% YTD in 2022. China (up 27.38%) and Turkey (up 24.58%) saw the largest increases amongst emerging markets in November.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


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

 

The ETFs industry in Canada had 1,051 products, with 1,331 listings, assets of $257 Bn, from 42 providers listed on 2 exchanges at the end of November.

During November, ETFs gathered net inflows of $3.34 Bn. Equity ETFs gathered net inflows of $861 Mn during November, bringing YTD net inflows to $7.71 Bn, lower than the $19.86 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs had net inflows of $1.74 Bn during November, bringing YTD net inflows to $4.21 Bn, lower than the $5.06 Bn in net inflows fixed income products had attracted by the end of November 2021. Active ETFs attracted net inflows of $664 Mn over the month, gathering net inflows for the year in Canada of $12.54 Bn, slightly higher than the $12.23 Bn in net inflows active products had reported by the end of November 2021. Currency ETFs reported net outflows of $25 Mn during November, bringing net outflows for the year through November 2022 to $169 Mn, lower than the $4.13 Bn in net inflows currency products had reported year to date in 2021.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.13 Bn during November. CI High Interest Savings ETF (CSAV CN) gathered $344 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets November 2022: Canada

Name

Ticker

Assets
($ Mn)
Nov-22

NNA
($ Mn)
 YTD-22

NNA
($ Mn)
Nov-22

CI High Interest Savings ETF

CSAV CN

3,390.82

1,859.95

343.75

Vanguard Canadian Aggregate Bond Index ETF

VAB CN

2,819.66

470.86

313.32

Horizons Cdn Select Universe Bond ETF

HBB CN

2,107.53

1,055.71

296.73

BMO Aggregate Bond Index ETF

ZAG CN

4,871.77

751.37

258.55

Horizons High Interest Savings ETF

CASH CN

781.04

776.12

236.15

Purpose High Interest Savings ETF

PSA CN

2,574.25

1,227.01

226.08

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

7,089.26

(310.93)

205.32

iShares S&P/TSX 60 Index Fund

XIU CN

8,529.92

819.96

169.25

BMO Long-Term US Treasury Bond Index ETF

ZTL CN

208.45

150.56

133.99

Horizon S&P/TSX 60 Index ETF - Acc

HXT CN

3,051.71

981.35

108.10

Mackenzie Emerging Markets Local Currency Bond Index ETF

QEBL CN

592.90

93.77

100.19

NBI Sustainable Canadian Equity ETF

NSCE CN

1,047.95

766.86

98.42

iShares Core Canadian Universe Bond Index ETF

XBB CN

3,488.18

318.76

96.35

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU CN

1,838.00

777.97

83.58

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC CN

1,877.27

603.91

82.18

BMO Low Volatility US Equity ETF

ZLU CN

1,231.25

(311.09)

81.20

Vanguard FTSE Canada All Cap Index ETF

VCN CN

3,842.26

454.18

78.97

NBI High Yield Bond ETF

NHYB CN

750.23

207.33

78.29

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

XSP CN

6,060.43

665.08

70.34

BMO High Yield US Corporate Bond Index ETF

ZJK CN

484.33

56.96

65.46

 

Investors have tended to invest in Active ETFs during November.

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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