ETFGI reports the ETF industry in Canada gathered net inflows of US$1.66 billion in April 2023

LONDON — May 16, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in Canada gathered net inflows of US$1.66 billion during April, bringing year-to-date net inflows to US$10.68 billion. During the month, Canadian ETF assets increased by 1.9%, from US$270 billion at the end of March to US$275 billion, according to ETFGI's April 2023 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

  • ETFs industry in Canada gathered net inflows of $1.66 Bn in April.
  • YTD 2023 net inflows of $10.68 Bn are the fourth highest, after YTD net inflows of $16.14 Bn in 2021, YTD.
  • 10th month of consecutive net inflows.
  • $275 billion invested in the ETFs industry in Canada at the end of April. 
  • Assets have increased 10.1 % YTD in 2023, going from $250 Bn at the end of 2022, to $275 Bn.

“The S&P 500 was up 1.56 % in April and is up by 9.17% in the first 4 months of 2023. Developed markets excluding the US increased by 2.45% in April and are up 10.41% YTD in 2023. Switzerland (up 6.41%) and United Kingdom (up 5.28%) saw the largest increases amongst the developed markets in April. Emerging markets decreased by 0.50% during April but are up 2.38% YTD in 2023. Turkey (down 4.79%) and Thailand (down 4.69%) saw the largest decreases amongst emerging markets in April.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in Canadian ETF assets as of the end of April 2023

The ETF industry in Canadian had 1,054 ETFs, with 1,327 listings, assets of $275 Bn, from 41 providers on listed on 2 exchanges at the end of April.

During April, ETFs gathered net inflows of $1.66 Bn. Equity ETFs reported net outflows of $107 Mn during April, bringing YTD net inflows to $1.62 Bn, much lower than the $7.77 Bn in net inflows YTD in 2022. Fixed income ETFs gathered net inflows of $679 Mn during April, bringing YTD net inflows to $2.55 Bn, higher than the $1.25 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $1.04 Bn over the month, gathering YTD net inflows of $6.43 Bn, higher than the $4.37 Bn in net inflows gathered YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.67 Bn during April. Hamilton Canadian Bank Equal-Weight Index ETF (HEB CN) gathered $381.18 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets April 2023: Canada

Name

Ticker

Assets
($ Mn)
Apr-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Apr-23

Hamilton Canadian Bank Equal-Weight Index ETF

HEB CN

                    382.48

        381.18

381.18

iShares ESG Aware MSCI Emerging Markets Index ETF

XSEM CN

                    493.41

        460.84

340.59

BMO MSCI EAFE Index ETF

ZEA CN

                 5,505.12

     1,067.25

337.61

BMO Long Federal Bond Index ETF

ZFL CN

                 2,126.68

        590.30

211.34

CI High Interest Savings ETF

CSAV CN

                 5,197.79

     1,299.69

169.27

Purpose High Interest Savings Fund

PSA CN

                 2,720.25

        (70.57)

156.40

Horizons High Interest Savings ETF

CASH CN

                 1,785.22

        727.07

130.04

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC CN

                 2,199.76

        228.44

110.35

BMO Money Market Fund

ZMMK CN

                    402.06

          58.35

99.24

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU CN

                 2,113.79

        217.01

94.07

Horizon S&P/TSX 60 Index ETF - Acc

HXT CN

                 2,878.53

      (157.53)

86.42

BMO US Aggregate Bond Index ETF

ZUAG CN

                    237.67

        236.77

79.39

CI Global Healthcare Leaders Index ETF

CHCL/B CN

                    144.55

        128.38

75.89

iShares Core Canadian Universe Bond Index ETF

XBB CN

                 3,678.41

        (12.93)

68.41

NBI Sustainable Canadian Equity ETF

NSCE CN

                 1,308.91

        211.17

62.27

Desjardins Alt Long/Short Equity Market Neutral ETF - USD Hdg

DANC CN

                    438.02

          31.17

58.35

High Interest Savings Account Fund

HISA CN

                 1,066.08

        268.91

55.70

Hamilton Canadian Financials Yield Maximizer ETF

HMAX CN

                    202.50

        210.01

54.01

BMO MSCI Europe High Quality Hedged to CAD Index ETF

ZEQ CN

                    664.75

          97.89

51.60

Desjardins Alt Long/short Global Equity Markets ETF - CAD Hdg

DAMG CN

                      46.88

          43.59

43.59

Investors have tended to invest in Fixed Income ETFs/ETPs during April.

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 join us at all of our upcoming ETFGI Global ETFs Insight Summits –

  • 4th Annual ETFGI Global ETFs Insights Summit - Europe & MEA, July 5 In person in London & July 6 Virtual 
    Register Here 
  • 4th Annual ETFGI Global ETFs Insights Summit - USA, Sep 20 In person in New York & Sep 21 Virtual 
    Register Here
  • 4th Annual ETFGI Global ETFs Insights Summit - Asia Pacific, October 24-25 Virtual 
    Register Here
  • 5th Annual ETFGI Global ETFs Insights Summit - Canada, Nov 29 In person in Toronto & Nov 30 Virtual 
    Register Here

Join us at our 4th annual ETFGI Global ETFs Insights Summit - Europe & MEA, will be in person in London at Banking Hall on July 5th and virtual on July 6th. Register Now!

The summit is designed to provide the opportunity for traders, portfolio managers, and advisors at buyside institutional investor and financial advisors to examine how ETFs are being selected, used and traded by institutional investors, financial advisors and by retail investors. Hear about the most current regulatory updates from IOSCO, the European Commission, FCA and Central Bank of Ireland. Updates on index and product trends: active, fixed income, ESG, Thematic, bitcoin, crypto, and trading developments that are impacting investors across Europe, the Middle east and Africa.

This event is designed for for traders, portfolio managers, CIOs at buyside institutional investor and financial advisors across Europe, the Middle east and Africa that want to hear from leaders from across the ETF ecosystem, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants. 

Day 1 in person in London at Banking Hall on July 5th will be from 9:30 – 5:00pm followed by a drinks reception in the Exhibit Hall from 5:00-6:00pm at Banking Hall  

If you can't attend on the day, Register Now! anyway and you'll receive recordings of all the sessions. 

Day 2 on a virtual platform will cover topics from across the Middle east and Africa.  
 
Topics will include:  

  • Global macro outlook
  • Regulatory updates from IOSCO, the European Commission, FCA and Central Bank of Ireland
  • Regulatory hot topics: ESG, SFDR, banning inducements, consolidated tape
  • Trends in the Global ETFs industry and in Europe, the Middle east and Africa from ETFGI’s research
  • Trends in ETF share classes
  • Trends in ESG investing
  • Trends in fixed income investing
  • Trends in Active ETF investing
  • The case for investing in China
  • Trends in the use of ETFs by retail investors
  • Trends in Indexes and Indexing
  • Growing use of European UCITS ETFs across Europe, MEA, Asia and Latin America
  • Trends in the use of ETFs across Africa (Botswana, Egypt, Ghana, Kenya, Mauritius, Namibia, Nigeria, South Africa, and Zimbabwe)
  • Trends in the Use of ETFs in Israel
  • Trends in the use of ETFs in the GCC (gulf cooperation council countries Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman)
  • Women in ETFs panel


Speakers will include:

Rick Redding, CEO, Index Industry Association

Tilman Lueder, Head of Securities Markets, European Commission

Brian Higgins, Partner, Dillon Eustace Solicitors

Lee Bartholomew, Head of Fixed Income Derivatives Product R&D, Eurex

Darragh Rossi, Head of Funds Authorisation and Supervision Division, Central Bank of Ireland

Xiaolin Chen, Head of International, KraneShares

Jason Warr, Managing Director, Global Co-Head of ETF Markets , BlackRock

 

 CPD educational credits are offered to buy side institutional investors and financial advisors.
?    Free registration for buy side institutional investors and financial advisors
?   All sessions are recorded and you will also receive access to last year's session recordings

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.

We look forward to seeing you at our events!
 

Best regards,

Debbie and Margareta

 

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



Disclaimer  
This message is intended solely for the addressee and may contain confidential information.  If you have received this message in error, please send it back to us, and immediately and permanently delete it. Do not use, copy or disclose the information contained in this message or in any attachment.
ETFGI LLP is a limited liability partnership registered in England and Wales with registered number OC372221. Registered address is 130 Jermyn Street, 6th Floor, St James’s, London SW1Y 4UR. 
 
ETFGI LLP has taken every reasonable precaution to ensure that any attachment to this e-mail has been swept for viruses. However, we cannot accept liability for any damage sustained as a result of software viruses and would advise that you carry out your own virus checks before opening any attachment.