ETFGI reports the ETFs industry in Canada gathered US$1.38 billion in net inflows in September
LONDON — October 12, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in Canada gathered net inflows of US$1.38 billion during September, bringing year-to-date net inflows to US$22.68 billion. Assets invested in ETFs have increased 10.9 % year-to-date in 2023, going from US$250.19 billion at the end of 2022, to US$277.36 billion, according to ETFGI's September 2023 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.)
ETFs industry in Canada gathered net inflows of $1.38 Bn in September.
Net inflows of $22.68 Bn during 2023 are the third highest on record, after YTD net inflows of $34.71 Bn in 2021, YTD net inflows of $24.62 Bn in 2020.
15th month of consecutive net inflows.
Assets have increased 10.9 % YTD in 2023, going from $250.19 Bn at the end of 2022, to $277.36 Bn.
“The S&P 500 decreased by 4.77% in September and is up 13.07% YTD in 2023. Developed markets excluding the US decreased by 3.54% in September and are up 6.66% YTD in 2023. Netherlands (down 7.90%) and Ireland (down 7.31%) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 1.86% during September but are up 3.47% YTD in 2023. Thailand (down 9.38%) and Poland (down 9.33%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
ETFs industry in Canada assets growth as of end of September
The ETFs industry in Canada had 1,089 ETFs, with 1,372 listings, assets of $277 Bn, from 40 providers listed on 2 exchanges at the end of September.
During September, ETFs gathered net inflows of $1.38 Bn. Equity ETFs reported net outflows of $7 Mn during September, bringing YTD net inflows to $3.96 Bn, much lower than the $6.42 Bn in net inflows YTD in 2022. Fixed income ETFs gathered net inflows of $8 Mn during September, bringing YTD net inflows to $5.04 Bn, higher than the $2.39 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $1.38 Bn during the month, gathering YTD net inflows of $13.40 Bn, significantly higher than the $10.18 Bn in net inflows YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.23 Bn during September. BMO Equal Weight Banks Index ETF (ZEB CN) gathered $275.61 Mn, the largest individual net inflow.
Top 20 ETFs by net new assets September 2023: Canada
Nov 29 - day 1 - In person in Toronto. Educational credits and free for IFAs and institutional investors – spaces are allocated on a first come basis as spaces are limited. All sessions will be recorded. Attendees will receive access to virtual event content on day 2.
Nov 30 - day 2 - Virtual panel discussions on our virtual event platform.
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 5th annual ETFGI Global ETFs Insight Summit Canada. The event will be in person in Toronto on November 29th and November 30th will be a virtual day of content. Register now to join us!
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.
Topics will include:
How Regulations are Impacting Market Structure
Update on the Canadian ETF Market Landscape
Global Macro Outlook
ETF Trading Trends and Trading Tools
How ETFs are being used to drive alpha
Now is the Time for Fixed Income ETFs
Institutional Advantages of using ETFs
How Regulations are Impacting ETFs and investors
The Outlook for Crypto ETFs and Tokenization
Index industry trends
Trends in the ETF industry ETFGI Research
Women in ETFs: Top 3 Trends in Asset Management, Career and Diversity
Speakers will include:
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission