ETFGI reports assets invested in ETFs/ETPs listed in Canada are 82 billion US dollars at the end of Q3 2016
ETFGI reports assets invested in ETFs/ETPs listed in Canada are 82 billion US dollars at the end of Q3 2016
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.
LONDON — October 21, 2016 — ETFGI, the leading independent
Record levels of assets were reached at the end of Q3 for ETFs/ETPs listed globally at US$3.408 trillion, in the United States with US$2.416 trillion, in Europe at US$566.74 Bn, and in Asia Pacific ex-Japan at US$131.88 Bn.
At the end of Q3 2016, the Canadian ETF industry had 442 ETFs, with 598 listings, assets of US$82 Bn, from 17 providers listed on 2 exchanges.
“Although there was a rally after the FOMC's vote to leave interest rates unchanged in September, the S&P 500 ended the month flat and the SJIA with a moderate decline of 0.4%. Developed markets ex-US and Emerging markets were up 1.5% and 1.2%, respectively" according to Deborah Fuhr, co-founder and managing partner at ETFGI.
In September 2016, ETFs/ETPs gathered net inflows of US$491 Mn. Fixed Income ETFs/ETPs gathered the largest net inflows with US$547 Mn, while equity ETFs/ETPs experienced net outflows of US$273 Mn and commodity ETFs/ETPs had outflows of US$19 Mn.
YTD through
iShares is the largest ETF/ETP provider in terms of assets with US$39.13 Mn, reflecting 47.9% market share; BMO AM is second with US$24.33 Bn and 29.8% market share, followed by Vanguard with US$7.07 Bn and 8.6% market share. The top three ETF/ETP providers, out of 17, account for 86.3% of Canadian ETF/ETP assets.
Mirae Horizons gathered the largest net ETF/ETP inflows in September with US$637 Mn, followed by First Asset with US$419 Mn and BMO AM with US$320 Mn net inflows.
YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$4.85 Bn, followed by Vanguard with US$1.85 Bn and Mirae Horizons with US$1.35 Bn net inflows.
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About ETFGI
ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem. Launched in 2012 by Deborah Fuhr and partners in London the firm offers paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
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ETFs are typically open-ended, index-based funds, with active ETFs accounting for 1.1% market share. They can be bought and sold like ordinary shares on a stock exchange and offer broad exposure across developed, emerging and frontier markets, equities, fixed income and commodities. ETFs are used widely by institutional investors and increasingly by financial advisors and retail investors to:
• equitize cash
• implement diversified exposure to a market
• comprise a core or satellite investment
• be a long term strategic investment
• implement tactical adjustments to portfolios
• use as building blocks to create entire portfolios
• allow investors to hedge the market
• use as an alternative to futures and other derivative products
Exchange Traded Products (ETPs) are products that have similarities to ETFs in the way they trade and settle but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
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