ETFGI reports Canadian ETF Industry Surges to US$ 584.47Bn in AUM with Record US$109.59Bn in Net Inflows in 2025
Press Release
LONDON — January 21, 2026 — ETFGI reports Canadian ETF Industry Surges to US$ 584.47Bn in AUM with Record US$109.59Bn in Net Inflows in 2025. The ETFs listed in Canada gathered net inflows of US$14.49 billion during December, bringing year-to-date net inflows toa record US$109.59 billion, according to ETFGI's December 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.)
Highlights
- Assets invested in the Canadian ETF industry reached $584.47 billion at the end of December 2025, the second‑highest level on record, just below the $563.08 billion peak in November 2025.
- Assets rose 47.2% year‑to‑date, increasing from $397.15 billion at year‑end 2024.
- The industry recorded $14.49 billion in net inflows in December.
- Year‑to‑date net inflows totaled $109.59 billion, the highest annual figure on record, surpassing the previous records of $64.03 billion in 2024 and $49.55 billion in 2021.
- December marked the 42nd consecutive month of net inflows.
“The S&P 500 rose 0.06% in December, finishing 2025 up 17.88%. Developed markets outside the United States gained 3.30% in December and increased 35.10% over the full year, with Korea (+10.98%) and Austria (+7.89%) posting the strongest monthly gains among developed countries. Emerging markets advanced 1.63% in December and were up 24.39% in 2025, led by Peru (+9.87%) and South Africa (+9.49%), which recorded the largest increases among emerging markets during the month.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in Canadian ETF assets as of the end of 2025
The Canadian ETF industry had 1,473 ETFs, with 1,848 listings, assets of US$584.47 Bn, from 49 providers on 2 exchanges at the end of 2025.
During December, ETFs attracted $14.49 billion in net inflows. Equity ETFs saw $6.87 billion in monthly inflows, bringing 2025 net inflows to $42.28 billion, up from $29.48 billion for 2024. Fixed income ETFs gathered $2.42 billion in December, lifting 2025 inflows to $17.03 billion, compared with $10.19 billion in 2024. Active ETFs gathered $4.62 billion over the month, pushing full‑year inflows to $45.82 billion, almost double the $23.49 billion recorded in 2024. Crypto ETFs experienced $103 million in net outflows in December, bringing 2025 outflows to $785 million, compared with $849 million in outflows in 2024. Currency ETFs recorded $9 million in inflows for December, increasing their year‑to‑date total to $52 million, up from $24 million in 2024.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $5.75 Bn during December. iShares S&P/TSX 60 Index Fund (XIC CN) gathered $611 Mn, the largest individual net inflow.
Top 20 ETFs by net new assets December 2025: Canada
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
XIC CN |
14792.60 |
(61.95) |
611.30 |
|
|
iShares Core S&P/TSX Capped Composite Index ETF |
XEF CN |
15953.19 |
2,064.09 |
540.73 |
|
iShares MSCI EAFE IMI Index Fund |
XEQT CN |
12085.48 |
3,519.29 |
463.33 |
|
iShares Core Equity ETF Portfolio |
FBAL CN |
8888.11 |
3,410.36 |
374.45 |
|
Fidelity All-in-One Balanced ETF |
HXS CN |
4521.06 |
2,711.52 |
337.70 |
|
Global X S&P 500 Index Corporate Class ETF |
VEQT CN |
4135.02 |
308.53 |
306.83 |
|
Vanguard All-Equity ETF Portfolio |
VFV CN |
7469.22 |
2,149.86 |
304.74 |
|
Vanguard S&P 500 Index ETF |
ZMMK CN |
20110.09 |
3,019.39 |
275.13 |
|
BMO Money Market Fund |
CIEI CN |
4135.08 |
1,755.68 |
261.35 |
|
CIBC International Equity Index ETF |
VCN CN |
330.54 |
274.46 |
254.88 |
|
Vanguard FTSE Canada All Cap Index ETF |
CSBI CN |
9314.39 |
1,316.36 |
251.15 |
|
CIBC Canadian Short-Term Bond Index ETF |
VUN CN |
258.50 |
242.77 |
233.90 |
|
Vanguard U.S. Total Market Index ETF |
ZSP CN |
10492.32 |
1,480.67 |
212.98 |
|
BMO S&P 500 Index ETF |
ZDB CN |
17764.61 |
(247.01) |
203.47 |
|
BMO Discount Bond Index ETF |
ZGLD CN |
839.19 |
292.23 |
201.14 |
|
BMO Gold Bullion ETF |
VIU CN |
1124.64 |
319.27 |
191.64 |
|
Vanguard FTSE Developed All Cap EX North America Index ETF |
HISU/U CN |
5659.79 |
1,200.16 |
186.82 |
|
US High Interest Savings Account Fund |
ZUCM CN |
617.69 |
273.10 |
180.41 |
|
BMO USD Cash Management ETF |
ZEM CN |
300.67 |
216.21 |
179.30 |
|
BMO MSCI Emerging Markets Index ETF |
FEQT CN |
1483.69 |
400.60 |
177.71 |
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.
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