ETFGI reports assets invested in the ETFs industry in Canada reached a new record of 533.77 billion US Dollars at the end of September

Press Release

LONDON — October 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$533.77 billion at the end of September. During September the ETFs industry in Canada gathered net inflows of US$10.99 billion, bringing year-to-date net inflows to a record US$74.19 billion, according to ETFGI's September 2025 Canadian ETFs 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.)

Canadian ETF Industry – September 2025 Highlights

  • Record Assets: Assets invested in Canadian ETFs reached an all-time high of $533.77 billion at the end of September, surpassing the previous record of $512.15 billion set in August 2025.
  • Strong Year-to-Date Growth: Assets have grown 34.4% year-to-date, rising from $397.15 billion at the end of 2024 to $533.77 billion.
  • Robust Monthly Inflows: Net inflows totaled $10.99 billion in September alone.
  • Highest YTD Net Inflows on Record: Year-to-date net inflows of $74.19 billion mark a new record, exceeding the previous highs of $41.10 billion in 2024 and $34.71 billion in 2021.
  • 12-Month Momentum: Over the past 12 months, Canadian ETFs have attracted $97.12 billion in net inflows.
  • Consistent Growth: September marks the 39th consecutive month of net inflows into Canadian ETFs.

“The S&P 500 rose 3.65% in September, bringing its year-to-date gain to 14.83.  Developed markets excluding the US increased by 2.50% during the month and are up 27.67% in 2025. The Netherlands and Korea led the gains among developed markets in September, rising 13.27% and 9.04%, respectively. Emerging markets advanced 5.49% in September and have gained 22.41% year-to-date, with Peru (up 12.80%) and South Africa (up 9.47%) posting the strongest monthly performance among emerging markets,” said Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

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

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The Canadian ETF industry had 1,446 ETFs, with 1,813 listings, assets of $533.77 Bn, from 46 providers listed on 2 exchanges at the end of September. 

RBC iShares is the largest provider in terms of assets with US$143.02 Bn, reflecting 26.8% market share; BMO Asset Management is second with US$111.67 Bn and 20.9% market share, followed by Vanguard with US$86.58 Bn and 16.2% market share. The top three providers, out of 46, account for 63.9% of AUM invested in the ETFs industry in Canada, while the remaining 43 providers each have less than 7% market share.

 Canadian ETF Flows – September 2025 Breakdown

  • In September, Canadian ETFs attracted $10.99 billion in net inflows.
  • Equity ETFs led with $4.00 billion in net inflows for the month, bringing year-to-date inflows to $26.31 billion, significantly above the $16.76 billion recorded by the same time in 2024.
  • Fixed Income ETFs gathered $2.33 billion in September, pushing year-to-date inflows to $10.49 billion, ahead of the $7.30 billion seen by the end of September 2024.
  • Active ETFs saw strong demand, with $3.83 billion in net inflows during the month and $34.31 billion year-to-date—more than double the $16.18 billion reported by the same point last year.
  • Crypto ETFs reported $247.75 million in net inflows for September, bringing year-to-date inflows to $784.49 million, a sharp turnaround from the $384.25 million in net outflows recorded year-to-date in 2024.
  • Currency ETFs experienced net outflows of $5.67 million in September, though year-to-date inflows stand at $25.28 million, well above the $0.90 million reported by the end of September 2024.

 

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $5.45 Bn during September. Scotia Canadian Bond Index Tracker ETF (SITB CN) gathered $903.54 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets September 2025: Canada

Name

Ticker

Assets
($ Mn)
Sep-25

NNA
($ Mn)
 YTD-25

NNA
($ Mn)
Sep-25

Scotia Canadian Bond Index Tracker ETF

SITB CN

        1,807.69

             1,496.73

             903.54

BMO NASDAQ 100 Equity Index ETF

ZNQ CN

        1,394.63

                335.17

             457.34

iShares Core Equity ETF Portfolio

XEQT CN

        7,522.40

             2,362.61

             381.92

iShares S&P/TSX 60 Index Fund

XIU CN

      13,279.61

               (698.34)

             373.79

iShares MSCI EAFE IMI Index Fund

XEF CN

      10,651.48

             2,457.50

             361.91

Fidelity All-in-One Balanced ETF

FBAL CN

        3,517.28

             1,765.59

             256.22

Vanguard S&P 500 Index ETF

VFV CN

      19,047.84

             2,424.00

             253.39

BMO Aggregate Bond Index ETF

ZAG CN

        8,302.71

             1,165.14

             251.35

Fidelity All-in-One Equity ETF

FEQT CN

        1,778.99

             1,108.56

             227.68

Desjardins American Mid Cap Equity Index ETF

DMID CN

           244.37

                246.27

             225.56

Vanguard All-Equity ETF Portfolio

VEQT CN

        6,580.74

             1,464.61

             203.65

iShares Core Canadian Short Term Corporate Bond Index ETF

XSH CN

        1,403.59

                343.23

             202.45

iShares Gold Bullion Fund - CAD Hdg

CGL CN

        1,891.60

                343.71

             194.68

Desjardins American Equity Index ETF

DMEU CN

        1,563.28

                570.42

             177.57

Global X S&P 500 Index Corporate Class ETF

HXS CN

        3,733.53

                    2.02

             171.05

Purpose Solana ETF

SOLL CN

           209.25

                201.65

             169.56

BMO Mid Provincial Bond Index ETF

ZMP CN

           503.12

                221.93

             168.49

iShares 0-5 Year TIPS Bond Index ETF

XSTP CN

           426.38

                274.39

             161.48

iShares Core S&P Total US Stock Market Index ETF

XTOT CN

        1,156.77

             1,098.87

             156.00

Vanguard U.S. Total Market Index ETF

VUN CN

        9,836.87

             1,042.89

             152.61

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Investors have tended to invest in Equity ETFs during September.

 

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 to attend our 7th annual ETFGI Global ETFs Insights summit – Canada on December 9th at Borden Ladner Gervais LLP (BLG)’s office!

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. Register now!

The summit is designed as an educational event to foster deep, insightful discussions on the use, due diligence and selection and best trading practices for ETFs by financial advisors and institutional investors in Canada. Explore how regulatory changes are impacting product development including share classes, Active ETFs, conversions Crypto, digital assets and tokenisation and market structure.
 
Speakers will include:

  • Greg Benhaim, Executive Vice President of Product and Head of Trading, 3iQ Corp
  • Jean-René Carle-Mossdorf, Head of ETF Product Development, Desjardins
  • Raymond Chan, SVP, Investment Management Division, Ontario Securities Commission
  • Deborah Fuhr, Managing Partner, Founder, ETFGI
  • Valerie Grimba, Director, Institutional ETF Sales & Strategy, RBC Capital Markets
  • Stephen Hoffman, Managing Director, Exchange Traded Funds, RBC Global Asset Management
  • Ronald C. Landry, Vice President, Head of Segment Solutions and Canadian ETF Services, CIBC Mellon
  • Lindsay Patrick, Chief Strategy & Innovation Officer, RBC Capital Markets 
  • Grace Pereira, Partner, Borden Ladner Gervais LLP
  • Jeffrey Sardinha, Senior Vice President - Head of ETF Solutions – Americas, State Street
  • Whitney Wakeling, Partner, Investment Management,  Borden Ladner Gervais LLP


Topics will include:

  • TMX opening bell ceremony at BLG’s office
  • Trends in the ETFs Industry - ETFGI Research
  • Global Macro Outlook
  • Innovation, Growth and Changing Demographics: The ETF Story in Canada
  • How Regulations are Impacting ETFs and Investors  - OSC and CSA update
  • The Rise of Alternative Strategies in the ETF Wrapper
  • Opportunities for Virtual Assets and Tokenization in Canada
  • Outlook for ETFs and the Asset Management Industry – What's Next?

Don’t miss this opportunity to explore key trends and network with industry leaders driving the future of ETFs. Register now to join us!

📅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 6th annual ETFGI Global ETFs Insights Summit - Canada - https://rb.gy/rremx7

2025 ETFGI Global ETFs Insights Summits:

  • 6th Annual - United States in New York on November 5 at The Yale Club. Register now.

Register your interest for 2026 events:

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.

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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