ETFGI reports ETFs industry in Canada gathered US$47.87 billion in net inflows in the first 10 months of 2024 surpassing the full year record of US$46.55 billion in 2021

Press Release

LONDON — November 15, 2024 — ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and events on trends in the global ETFs industry, reported today that the ETFs industry in Canada gathered US$47.87 billion in net inflows in the first 10 months of 2024 surpassing the full year record of US$46.55 billion in 2021, according to ETFGI's October 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

  • Assets of $384.11 Bn invested in the ETFs industry in Canada at the end of October.
  • Assets have increased 22.5% YTD in 2024, going from $313.48 Bn at the end of 2023 to $384.11 Bn.
  • ETFs industry in Canada gathered US$47.87 billion in net inflows in the first 10 months of 2024 surpassing the full year record of US$46.55 billion in 2021
  • Net inflows of $6.78 Bn in October 2024.
  • YTD net inflows of $47.87 Bn are the highest on record, while the second highest recorded YTD net inflows was of $38.01 Bn in 2021 and the third highest recorded YTD net inflows of 25.95 Bn in 2020.
  • 28th month of consecutive net inflows.

 

“The S&P 500 index decreased by 0.91% in October but is up 20.97% YTD in 2024.  The developed markets index excluding the US decreased by 5.22% in October but is up 6.65% YTD in 2024. Netherlands (down 10.20%) and Portugal (down 8.24%) saw the largest decreases amongst the developed markets in October. The emerging markets index decreased by 3.78% during October but is up 14.93% YTD in 2024. Greece (down 8.66%) and Poland (down 8.18%) saw the largest decreases amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.


Growth in assets in the ETFs industry in Canada as of the end of October

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon
 

 

At the end of October, the ETFs industry in Canada had 1,218 products, with 1,523 listings, assets of $384.11 Bn, from 45 providers listed on 2 exchanges.

During October, ETFs gathered net inflows of $6.78 Bn. Equity ETFs saw net inflows of $2.74 Bn during October, bringing YTD net inflows to $19.50 Bn, higher than the $4.29 Bn in YTD net inflows in 2023. Fixed income ETFs had net inflows of $1.60 Bn during October, bringing YTD net inflows to $8.90 Bn, higher than the $5.98 Bn in net inflows YTD in 2023. Active ETFs attracted net inflows of $2.33 Bn during the month, gathering YTD net inflows of $18.43 Bn, higher than the $14.27 Bn in YTD net inflows in 2023.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.95 Bn during October. CI Yield Enhanced Canada Aggregate Bond Index ETF (CAGG CN) gathered $772.95 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets October 2024: Canada

Name

Ticker

Assets
($ Mn)
Oct-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
Oct-24

CI Yield Enhanced Canada Aggregate Bond Index ETF

CAGG CN

          864.43

                867.00

772.95

BMO Equal Weight Banks Index ETF

ZEB CN

       2,546.93

               (285.57)

456.57

Vanguard S&P 500 Index ETF

VFV CN

     13,113.02

             3,648.56

378.00

BMO Aggregate Bond Index ETF

ZAG CN

       7,474.87

             2,627.18

293.14

BMO Ultra Short-Term Bond ETF

ZST CN

       2,525.53

             1,602.95

255.55

iShares Core Equity ETF Portfolio

XEQT CN

       3,703.38

             1,659.28

201.55

iShares S&P/TSX 60 Index Fund

XIU CN

     10,330.46

                243.46

186.68

iShares Core Canadian Short Term Bond Index ETF

XSB CN

       1,829.81

                212.46

177.55

iShares S&P/TSX Capped REIT Index ETF

XRE CN

          991.28

                243.42

148.36

Vanguard U.S. Total Market Index ETF

VUN CN

       7,187.57

                986.40

115.49

Fidelity All-in-One Balanced ETF

FBAL CN

       1,206.44

                791.53

112.88

BMO S&P 500 Index ETF

ZSP CN

     14,288.31

             1,166.86

107.13

Capital Group Multi-Sector Income Select ETF

CAPM CN

          104.61

                105.39

105.39

BMO MSCI EAFE Index ETF

ZEA CN

       6,196.26

             1,020.32

99.71

iShares MSCI EAFE IMI Index Fund

XEF CN

       6,512.86

             1,046.27

98.29

CI Global Artificial Intelligence ETF

CIAI CN

          547.09

                507.11

96.09

BMO S&P 500 Hedged To CAD Index ETF

ZUE CN

       2,001.20

                280.59

90.56

iShares S&P 500 Index ETF

XUS CN

       5,755.28

                937.00

89.06

Vanguard All-Equity ETF Portfolio

VEQT CN

       3,871.45

             1,039.27

85.32

Scotia US Equity Index Tracker ETF

SITU CN

       1,250.06

                568.19

84.44

 

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

 

 

Investors have tended to invest in Equity 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.

📢Register Now: Limited tickets remaining for the 6th Annual ETFGI Global ETFs Insights Summits – Canada on November 27th.

Join us at Borden Ladner Gervais’s office in Toronto from 8.45am - 5pm including a special Bell Ringing Ceremony by TMX.
📍Bay Adelaide Centre, East Tower, 22 Adelaide St W #3400, Toronto, ON M5H 4E3 

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 used, selected and traded and hear about the most current regulatory, index, product trends: active, bitcoin, crypto, thematic and trading developments that are impacting investors.

Limited tickets are available, so we encourage you to register now and secure your spot at this exclusive gathering to network and connect with key industry leaders.

SPEAKERS WILL INCLUDE (check our website for updates):

  • Raymond Chan, Director, Investment Funds and Structured Products, OSC
  • Roger Chandhok, Director, ETF Sales & Trading, National Bank Financial Markets
  • Daniela Fajardo, Associate Director, ETF Services, Scotiabank Global Banking and Markets 
  • Deborah Fuhr, Managing Partner, Founder, ETFGI  
  • Kathryn M. Fuller, Partner, Borden Ladner Gervais LLP 
  • Jean-François Girard, Vice-President, Investment Funds Development and Management, Desjardins Groups
  • Steve Hawkins, Chief Executive Officer, LongPoint Asset Management Inc.
  • Helen Hayes, Managing Director & Head, iShares Canada, BlackRock 
  • Ronald C. Landry, MBA, CPA, CGA, Vice President, Head of Asset Manager and ETF Solutions, CIBC Mellon
  • Graham MacKenzie, Managing Director, Exchange Traded Products, TMX Group 
  • Chris McHaney, Executive Vice President, Head of Investment Management and Strategy, Global X Investments Canada Inc.
  • Grace Pereira, Partner, Borden Ladner Gervais LLP 
  • Kevin Prins, Managing Director, Head of Distribution, ETFs and Digital Distribution, BMO Global Asset Management
  • Steven A. Schoenfeld, Chief Executive Officer, MarketVector Indexes GmbH 
  • Som Seif, Founder & CEO, Purpose Investments 
  • Daniel Straus, Managing Director - ETF Research and Strategy, National Bank Financial 

TOPICS WILL INCLUDE (check our website for updates):

  • Update on the Canadian ETF Market Landscape 
  • How Regulations are Impacting ETFs and Investors
  • Using ETFs as Indicators of Investor Sentiment   
  • Trends in Thematic and ESG Investing 
  • Understanding Market Trends and User Behavior in ETFs
  • ETF Industry Outlook – Future Trends
  • Trends in the ETF Industry - ETFGI Research


ADDITIONAL HIGHLIGHTS:

🆓 Free Registration: For CFA members, buy-side institutional investors, and financial advisors.
📚 CPD Credits: Earn educational credits
🎧 On-Demand Access: All sessions will be recorded and accessible after the event.
🌐 Industry Leaders: Engage with ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and more.

 

Here is a line-up of our upcoming 2025 ETFGI Global ETFs Insights Summits!

  • 6th Annual Europe & MEA 2025 - In person in London
  • 6th Annual Middle East 2025 - In person
  • 6th Annual Latin America 2025 - In person in Mexico City
  • 6th Annual Asia Pacific 2025 - In person in Hong Kong
  • 6th Annual United States 2025 - In person in New York
  • 7th Annual Canada 2025 - In person in Toronto


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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