ETFGI wishes a happy 34th anniversary to the ETFs industry in Canada
Press Release
LONDON — March 11, 2024 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, ETFGI wishes a happy 34th anniversary to the ETFs industry in Canada. Thirty-four years ago on March 9th, 1990 the first ETF was listed in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.
Assets invested in the ETFs industry in Canada reached a new record of US$325.10 billion at the end of February. During the February, the ETFs listed in Canada gathered net inflows of US$5.11 billion during bringing year-to-date net inflows to US$8.53 billion, according to ETFGI's February 2024 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
- ETFGI wishes a happy 34th anniversary to the ETFs industry in Canada.
- Assets invested in the ETFs industry in Canada a new record of $325.10 Bn at the end of February beating the previous record of $314.45 Bn at the end of January 2024.
- Net inflows of $5.11 Bn in February 2024.
- YTD net inflows of $8.53 Bn during 2024 are the second highest on record, after YTD net inflows of $9.44 Bn in 2020.
- 20th month of consecutive net inflows.
“The S&P 500 index increased by 5.34% in February and is up 7.11% YTD. Developed markets excluding the US increased by 1.90% in February and are up 1.58% YTD. Ireland (up 8.60%) and Israel (up 8.27%) saw the largest increases amongst the developed markets in February. Emerging markets increased by 4.18% during February and are up 0.57% YTD. China (up 8.41%) and Peru (up 7.12%) saw the largest increases amongst emerging markets in February”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets invested in the ETFs Industry in Canada of the end of February
The ETFs industry in Canada had 1,128 products, with 1,409 listings, assets of $325.10 Bn, from 40 providers listed on 2 exchanges at the end of February.
During February, ETFs gathered net inflows of $5.11 Bn. Equity ETFs reported net inflows of $3.02 Bn, bringing YTD net inflows to $5.12 Bn, higher than the $159.56 Mn in net YTD in 2023. Fixed income ETFs gathered net inflows of $452.35 Mn during February, bringing YTD net inflows to $510.88 Mn, lower than the $688.03 Mn in net inflows YTD in 2023. Active ETFs attracted net inflows of $1.61 Bn during the month, gathering YTD net inflows of $3.15 Bn, higher than the $2.83 Mn in net inflows YTD in 2023. Crypto ETFs reported net outflows of $65.38 Mn during February, bringing YTD net outflows to $400.06 Mn, more than the $25.97 Mn in YTD net inflows in 2023.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.24 Bn during February. Scotia US Equity Index Tracker ETF (SITU CN) gathered $500.23 Mn, the largest individual net inflow.
Top 20 ETFs by net new assets February 2024: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
SITU CN |
1052.14 |
504.46 |
500.23 |
|
|
Vanguard S&P 500 Index ETF |
VFV CN |
9018.79 |
775.61 |
390.29 |
|
Horizons S&P 500 Index ETF - Acc |
HXS CN |
2154.36 |
387.64 |
322.42 |
|
BMO MSCI EAFE Index ETF |
ZEA CN |
5410.53 |
332.94 |
274.03 |
|
iShares Core Canadian Universe Bond Index ETF |
XBB CN |
5004.29 |
-28.90 |
185.31 |
|
Horizons High Interest Savings ETF |
CASH CN |
3385.60 |
384.39 |
182.87 |
|
NBI Sustainable Canadian Bond ETF |
NSCB CN |
1852.13 |
149.42 |
149.42 |
|
iShares Core Equity ETF Portfolio |
XEQT CN |
2108.44 |
300.59 |
147.14 |
|
Mackenzie Canadian All Corporate Bond Index ETF |
QCB CN |
440.83 |
118.56 |
126.82 |
|
iShares MSCI EAFE IMI Index Fund |
XEF CN |
5605.06 |
294.51 |
104.83 |
|
iShares S&P/TSX 60 Index Fund |
XIU CN |
8997.75 |
-243.65 |
100.72 |
|
Vanguard All-Equity ETF Portfolio |
VEQT CN |
2716.79 |
221.52 |
98.03 |
|
CI Global Healthcare Leaders Index ETF |
CHCL/B CN |
216.19 |
107.63 |
94.77 |
|
Vanguard U.S. Total Market Index ETF |
VUN CN |
5716.81 |
196.32 |
87.28 |
|
Hamilton Healthcare Yield Maximizer ETF |
LMAX CN |
86.28 |
86.65 |
86.65 |
|
Manulife Multifactor Canadian Smid Cap Index Etf |
MCSM CN |
182.18 |
84.32 |
85.64 |
|
Fidelity All-in-One Balanced ETF |
FBAL CN |
476.31 |
120.08 |
78.54 |
|
iShares ESG Aware MSCI Emerging Markets Index ETF |
XSEM CN |
2113.75 |
119.86 |
76.36 |
|
iShares S&P 500 Index ETF |
XUS CN |
4371.66 |
143.55 |
76.04 |
|
BMO S&P 500 Hedged To CAD Index ETF |
ZUE CN |
1691.17 |
112.93 |
75.68 |
Investors have tended to invest in Equity ETFs during February.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
📢 ETFGI (www.ETFGI.com) is excited to announce the details of our 6th Annual ETFGI Global ETFs Insights Summit - Canada which will take place at Borden Ladner Gervais's office in Toronto on November 27th. Register now to join us!
This event will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants.
The summit is designed to provide the opportunity for traders, portfolio managers, and advisors at buyside institutional investor and financial advisors to examine how ETFs are being traded, selected, and used and hear about the most current regulatory, index, product trends: active, bitcoin, crypto, ESG, thematic and trading developments that are impacting investors.
📍 Borden Ladner Gervais’s office, Bay Adelaide Centre, East Tower, 22 Adelaide St W #3400, Toronto, ON M5H 4E3, Canada🎧 All sessions are recorded, you will receive links to all sessions after the event 📚 CPD educational credits 🆓 Free registration for buy side institutional investors and financial advisors
If you can't attend on the day, register anyway and you'll receive recordings of all the sessions.
Register to attend our upcoming events in 2024:
- 5th Annual ETFGI Global ETFs Insights Summit - Europe & MEA – April 9th at The Waldorf Hilton in London Register
- 5th Annual ETFGI Global ETFs Insights Summit - Latin America – May 28th in Mexico City Register
- 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific – September 11th at Centricity – Concentric in Hong Kong Register
- 5th Annual ETFGI Global ETFs Insights Summit – U.S. – October 29th at The Yale Club in New York City Register
- 6th Annual ETFGI Global ETFs Insights Summit - Canada – November 27th at Borden Ladner Gervais’s office in Toronto Register
ETFGI (www.ETFGI.com) has for over 12 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.
If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.
Contact:
Deborah Fuhr
Managing Partner, Founder
ETFGI
Mobile: +44 777 5823 111
Email: deborah.fuhr@etfgi.com
Web: www.etfgi.com
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