ETFGI reports that assets invested in the ETFs industry in Canada reached a new record of US$417.72 billion at the end of February
Press Release
LONDON — March 13, 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, reported today that assets invested in the ETFs industry in Canada reached a new record of US$417.72 billion at the end of February, according to ETFGI's February 2025 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.)
March 9th marked the 35th anniversary of the listing of the first ETF. The Toronto 35 Index Participation Units “TIPS” began trading on the Toronto Stock Exchange (TSX) on March 9, 1990. TIPs tracked the performance of the 35 largest stocks on the TSX. On March 6, 2000 the TIPs ETF and the TSE 100 Index Participation Fund merged and is now known as the S&P/TSE Index Participation Fund (ticker XIU).
Highlights
- March 9th marked the 35th anniversary of the listing of the first ETF.
- Assets invested in the ETFs industry in Canada reached a record of $417.72 Bn at the end of February beating the previous record of $410.69 Bn at the end of January 2025.
- Assets have increased 5.2% YTD in 2025, going from $397.15 Bn at the end of 2024 to $417.72 Bn.
- Net inflows of $7.83 Bn in February 2025.
- YTD net inflows of $15.26 Bn are the highest on record, while the second highest recorded YTD net inflows was of $9.44 Bn in 2020 and the third highest recorded YTD net inflows of $8.47 Bn in 2024.
- 32nd month of consecutive net inflows.
“The S&P 500 index decreased by 1.30% in February bit is up by 1.44% YTD in 2025. The developed markets excluding the US index increased by 1.31% in February and is up 6.08% YTD in 2025. Luxembourg (up 14.10%) and Spain (up 8.87%) saw the largest increases amongst the developed markets in February. The emerging markets index decreased by 0.04% during February but is up 0.26% in 2025. Indonesia (down 15.94%) and Thailand (down 9.48%) saw the largest decreases amongst emerging markets in February”, 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 February
The ETFs industry in Canada had 1,276 ETFs, with 1,602 listings, assets of $417.72 Bn, from 45 providers listed on 2 exchanges at the end of February.
During February, ETFs gathered net inflows of $7.83 Bn. Equity ETFs reported net inflows of $1.96 Bn during February, bringing YTD net inflows to $4.68 Bn, slightly lower than the $5.09 Bn in net YTD in 2024. Fixed income ETFs gathered net inflows of $1.16 Bn during February, bringing YTD net inflows to $1.70 Bn, higher than the $512.88 Mn in net inflows YTD in 2024. Active ETFs reported net inflows of $4.47 Bn during the month, gathering YTD net inflows of $8.31 Bn, higher than the $3.12 Bn in YTD net inflows in 2024. Crypto ETFs reported net inflows of $15.98 Mn during February, bringing YTD net inflows to $89.57 Mn, higher than the $400.06 Mn in YTD net in 2024.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.99 Bn during February. BMO Global Equity Fund (BGEQ CN) gathered $747.90 Mn, the largest individual net inflow.
Top 20 ETFs by net new assets February 2025: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
BGEQ CN |
733.73 |
747.90 |
747.90 |
|
|
BMO Equal Weight Banks Index ETF |
ZEB CN |
3,012.32 |
(13.34) |
434.40 |
|
Vanguard S&P 500 Index ETF |
VFV CN |
15,445.13 |
885.18 |
276.05 |
|
Global X High Interest Savings ETF |
CASH CN |
4,327.27 |
551.00 |
248.98 |
|
BMO Money Market Fund |
ZMMK CN |
2,472.90 |
254.48 |
234.12 |
|
Scotia Canadian Bond Index Tracker ETF |
SITB CN |
525.92 |
223.06 |
212.96 |
|
BMO Ultra Short-Term Bond ETF |
ZST CN |
2,803.01 |
264.74 |
203.75 |
|
iShares Core Equity ETF Portfolio |
XEQT CN |
4,733.39 |
515.99 |
191.10 |
|
Fidelity All-in-One Balanced ETF |
FBAL CN |
1,813.20 |
337.01 |
172.62 |
|
BMO Aggregate Bond Index ETF |
ZAG CN |
7,010.22 |
53.82 |
156.02 |
|
iShares S&P 500 Index ETF |
XUS CN |
6,428.24 |
338.94 |
135.96 |
|
BMO S&P/TSX Capped Composite Index ETF |
ZCN CN |
7,033.11 |
348.36 |
131.83 |
|
iShares MSCI EAFE IMI Index Fund |
XEF CN |
7,298.56 |
440.47 |
129.99 |
|
Vanguard All-Equity ETF Portfolio |
VEQT CN |
4,496.44 |
318.55 |
113.14 |
|
Invesco ESG NASDAQ 100 Index ETF |
QQCE CN |
296.09 |
151.06 |
107.66 |
|
iShares S&P/TSX Capped Energy Index ETF |
XEG CN |
1,086.32 |
(88.24) |
106.23 |
|
iShares 1-5 Year US Investment Grade Corporate Bond Index ETF |
XSHU CN |
232.89 |
115.67 |
100.34 |
|
RBC US Discount Bond ETF |
RUDB CN |
436.24 |
141.19 |
100.14 |
|
TD Canadian Long Term Federal Bond ETF |
TCLB CN |
694.30 |
90.19 |
98.49 |
|
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF |
HND CN |
140.61 |
120.14 |
92.95 |
Investors have tended to invest in Active 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.
We would like to request your support in nominating ETFGI in the "Best ETF Research Provider" category (No. 17) in this year's ETF Express Canadian Awards. To vote, please click here.
The nomination process closes on Friday 4th April. The voting for the firms shortlisted will open Monday 7th April.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
Join Us to Celebrate 35 Years of ETFs in Canada at the ETFGI Global ETFs Insights Summit in Toronto on December 9th!
Register now to join us for our 7th Annual ETFGI Global ETFs Insights Summit - Canada that will take place in Toronto at Borden Ladner Gervais LLP (BLG)’s office on December 9th!
The day will begin with an opening bell-ringing ceremony with the TMX Group to celebrate 35 years of ETFs in Canada, followed by a full-day of panel discussions featuring industry leaders and concluding with a networking drinks reception.
Secure your spot here to be part of this landmark event!
The summit is designed as an educational event fostering discussions on the evolving role of ETFs, including active and virtual assets, for financial advisors and institutional investors in Canada. Industry leaders from issuers, regulators, investors, exchanges, and trading firms will share insights on market structure, regulations, trading practices, and technological advancements shaping ETF innovation and usage.
Don’t miss this opportunity to explore key trends and network with experts driving the future of ETFs.
📅Event Date: December 9th
⏰Time: Full day event including a networking drinks reception
📍Location: Borden Ladner Gervais’s office in Toronto
🆓Free Registration: For CFA members, buy-side institutional investors, and financial advisors.
🐤Early Bird Discount: Ends October 31st, 2025
CPD Credits: Earn educational credits
📋View the agenda, speakers, and topics from last year's successful ETFGI Global ETFs Insights Summit - Canada - https://rb.gy/rremx7
2025 ETFGI Global ETFs Insights Summits schedule:
- 6th Annual – Europe & Africa 2025 - Join us to Celebrate 25 Years of ETFs in Europe on May 1st at the London Stock Exchange, and virtually on May 2nd! Register now.
- 6th Annual - Latin America 2025 - in Mexico City on May 21st at Bolsa Institucional de Valores (BIVA) and virtually on May 22nd. Register now.
- 6th Annual - Asia Pacific 2025 (in Hong Kong on September 3rd and virtually on September 4th). Register now.
- 6th Annual - Middle East 2025 (in the UAE in October). Register your interest.
- 6th Annual - United States 2025 (in New York in November). Register your interest.
| ETFGI (www.ETFGI.com) is a leading independent firm which has for over 13 years provided subscription research services providing monthly reports covering trends in the global ETFs ecosystem, factsheets on all ETFs and ETPs listed globally, consulting services, ETF TV (www.ETFtv.net) and our Annual ETFGI Global ETFs Insights Summit 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. |
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