ETFGI reports the ETFs industry in Canada gathered a record US$64.03 billion in net inflows during 2024

Press Release

LONDON January 20, 2025 ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reports the ETFs industry in Canada gathered a record  US$64.03 billion in net inflows during 2024.  Net inflows of US$8.65 billion were gathered during December, bringing year-to-date net inflows to a record US$64.03 billion, according to ETFGI's December 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

  • Record 2024 net inflows of $64.03 Bn, while the second highest full year net inflows was $46.55 Bn in 2021 and the third highest full year net inflows was $31.59 Bn in 2023.
  • Assets of $397.15 Bn invested in the ETFs industry in Canada at the end of 2024 are the second highest on record, below the record $404.60 Bn set at the end of November 2024.
  • Assets increased 26.7% in 2024, going from $313.48 Bn at the end of 2023 to $397.15 Bn.
  • 30th month of consecutive net inflows.

“The S&P 500 index decreased by 2.38% in December but was up by 25.02% in 2024. The developed markets excluding the US index decreased by 2.78% in December but is up 3.81% in 2024. Denmark (down 12.34%) and Australia (down 7.90%) saw the largest decreases amongst the developed markets in December. The emerging markets index increased by 0.19% during December and is up 11.96% in 2024. United Arab Emirates (up 6.42%) and Greece (up 4.21%) saw the largest increases amongst emerging markets in December”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Asset growth in the ETFs industry in the Canada as of the end of December

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

 

The ETFs industry in Canada had 1,234 ETFs, with 1,542 listings, assets of $397.15 Bn, from 45 providers on 2 exchanges.

During December, ETFs gathered net inflows of $8.65 Bn. Equity ETFs reported net inflows of $5.29 Bn during December, bringing net inflows for 2024 to $29.48 Bn, higher than the $7.37 Bn in net in 2023. Fixed income ETFs had net inflows of $1.30 Bn during December, bringing 2024 net inflows to $10.19 Bn, higher than the $6.78 Bn in net inflows in 2023. Active ETFs attracted net inflows of $2.35 Bn in the month, gathering 2024 net inflows of $23.36 Bn, higher than the $16.32 Bn in net inflows in 2023.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $4.67 Bn during December. iShares S&P/TSX 60 Index Fund (XIU CN) gathered $1.28 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets December 2024: Canada

Name

Ticker

Assets
($ Mn)
Dec-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
Dec-24

iShares S&P/TSX 60 Index Fund

XIU CN

      11,426.80

             1,417.97

          1,282.80

Vanguard S&P 500 Index ETF

VFV CN

      14,387.83

             4,496.39

             371.23

BMO Long Federal Bond Index ETF

ZFL CN

        2,606.01

                388.10

             249.85

BMO S&P 500 Index ETF

ZSP CN

      15,561.42

             1,977.86

             237.45

iShares Core Equity ETF Portfolio

XEQT CN

        4,107.56

             2,076.08

             234.14

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

VSP CN

        2,796.88

                455.25

             231.98

iShares S&P/TSX  Capped Energy Index ETF

XEG CN

        1,191.81

               (146.24)

             228.22

iShares Core Canadian Short Term Bond Index ETF

XSB CN

        1,899.52

                326.89

             196.17

BMO Money Market Fund

ZMMK CN

        2,241.90

             1,689.01

             177.94

CIBC US Equity Index ETF

CUEI CN

           517.76

                262.94

             162.90

Vanguard FTSE Canada All Cap Index ETF

VCN CN

        5,847.32

                777.04

             156.31

BMO MSCI USA High Quality Index ETF

ZUQ CN

           909.45

                336.27

             150.96

BMO NASDAQ 100 Equity Index ETF

ZNQ CN

           931.65

                420.04

             141.39

Vanguard U.S. Total Market Index ETF

VUN CN

        7,658.84

             1,219.89

             134.73

Vanguard All-Equity ETF Portfolio

VEQT CN

        4,078.55

             1,282.32

             132.91

Fidelity All-in-One Balanced ETF

FBAL CN

        1,434.30

             1,045.08

             132.63

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

XSP CN

        7,879.62

                306.30

             124.70

BMO Aggregate Bond Index ETF

ZAG CN

        6,894.22

             2,232.68

             114.33

BMO MSCI Emerging Markets Index ETF

ZEM CN

           795.76

               (186.37)

             110.14

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index

PSB CN

           371.79

                118.91

             101.04

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

 

 

Investors have tended to invest in Equity ETFs during December.

 

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.


 

We are looking forward to our 2025 annual ETFGI Global ETFs Insights Summits. The summits are designed to facilitate substantive and in-depth discussions around the use and selection of ETFs by financial advisors and institutional investors. Panel discussions with industry leaders discuss the impact that market structure and regulations have on ETF product development, due diligence, suitability, the use and trading, and technological developments have on ETFs and mutual funds in the respective jurisdictions.

 

2025 ETFGI Global ETFs Insights Summits schedule:

  • 6th Annual – Europe & Africa 2025 (in London in April/May)
  • 6th Annual - Latin America 2025 (in Mexico City in May)
  • 6th Annual - Asia Pacific 2025 (in Hong Kong in September)
  • 6th Annual - Middle East 2025 (in UAE in October)
  • 6th Annual - United States 2025 (in New York in November)
  • 7th Annual - Canada 2025 (in Toronto on December 9th)

Register your interest in attending our 2025 ETFGI Global ETFs Insights Summits at https://bit.ly/3VxDUHZ


🆓 Free Registration: For CFA members, buy-side institutional investors, and financial advisors.
📚 CPD Credits: Earn educational credits.

 

 A close-up of a logo

Description automatically generated

Interested in sponsoring or speaking at any of our upcoming events or have any questions, please email contact@etfgi.com

ETFGI offers the following paid research subscription services:

  • ETFGI Basic Global ETFs research service – Regional reports, global database and factsheet for all ETFs listed globally
  • ETF industry Revenue report
  • ETF industry fees and expenses report
  • ETFGI Global Active ETFs Landscape report
  • ETFGI Global Smart Beta ETFs Landscape report
  • ETFGI Global China ETFs Landscape report
  • ETFGI Global Crypto ETFs Landscape report
  • ETFGI Global Currency Hedged ETFs Landscape report
  • ETFGI Global EM and FM ETFs Landscape report
  • ETFGI Global ESG ETFs Landscape report
  • ETFGI Global Leverage and Inverse ETFs Landscape report
  • ETFGI Global Thematic ETFs Landscape report
  • ETFGI Revenue report for the Global ETFs industry
  • ETFGI Global Institutional & Mutual Funds Users of ETFs Landscape reports     

Register for our press releases and other updates at www.ETFGI.com   

 


 

We also kindly request your support in nominating ETFGI for the "Best ETF Research Provider" category (No. 25) at the ETF Express European Awards 2025. Click here to cast your nomination before the survey closes this Friday, 24th January.


Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

Connect on:
Deborah Fuhr Twitter | LinkedIn 
ETFGI Twitter | LinkedIn | Website
ETFs Network LinkedIn 
ETF TV Twitter | LinkedIn | Website
Women in ETFs, Board member and founder  
Women in ETFs Twitter | LinkedIn | Website