ETFGI reports that assets invested in the ETFs industry in Canada reached a record US$286 billion at the end of June

LONDON — June 13, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested in the ETFs industry in Canada reached a record US$286 billion at the end of June. During June the ETFs industry in Canada gathered net inflows of $3.43 billion, bringing year-to-date net inflows to $16.23 billion. Assets have increased 14.4 % YTD in 2023, going from $250.19 Bn at the end of 2022, to $286.13 Bn at the end of June, according to ETFGI's June 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

  • Assets invested in the ETFs industry in Canada reached a record US$286 Bn at the end of June 
  • Assets have increased 14.4 % YTD in 2023, going from $250.19 Bn at the end of 2022, to $286.13 Bn.
  • Net inflows of $3.43 Bn in June 2023.
  • Net inflows of $16.23 Bn during 2023 are the third highest on record, after YTD net inflows of $26.32 Bn in 2021, YTD net inflows of $16.8 Bn in 2020.
  • 12th month of consecutive net inflows.

“The S&P 500 increased by 6.61% in June and is up 16.89% year-to-date in 2023. Developed markets excluding the US increased 4.46% in June and are up 11.07% YTD in 2023. Korea (up 2.23%) and Israel (up 1.51%) saw the largest increases amongst the developed markets in June. Emerging markets increased by 4.33% during June and are up 4.64% YTD in 2023. Pakistan (up 8.61%) and Turkey (up 5.85%) saw the largest increases amongst emerging markets in June.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

ETFs industry in Canada asset growth as of the end of June 2023

 

The ETFs industry in Canada ETF had 1,081 ETFs, with 1,358 listings, assets of $286 Bn, from 40 providers listed on 2 exchanges at the end of June. 

During June, ETFs industry in Canada gathered net inflows of $3.43 Bn. Equity ETFs gathered net inflows of $1.26 Mn during June, bringing net inflows for the year through June 2023 to $3.17 Bn, much lower than the $6.76 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $690 Mn during June, bringing YTD net inflows to $3.66 Bn, higher than the $1.73 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $1.23 Bn over the month, gathering YTD net inflows of $9.08 Bn, higher than the $6.36 Bn in net inflows YTD in 2022.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.31 Bn during June. iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM CN) gathered $704.79 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets June 2023: Canada

Name

Ticker

Assets
($ Mn)
June-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
June-23

iShares ESG Aware MSCI Emerging Markets Index ETF

XSEM CN

1,268.16

1,187.76

704.79

Vanguard S&P 500 Index ETF

VFV CN

6,386.75

658.94

453.22

BMO Government Bond Index ETF - CAD Hdg

ZGB CN

691.00

304.30

301.69

iShares S&P/TSX 60 Index Fund

XIU CN

8,299.93

22.94

237.64

BMO S&P/TSX Capped Composite Index ETF

ZCN CN

5,166.80

(64.14)

185.48

NBI Sustainable Canadian Bond ETF

NSCB CN

780.88

508.01

158.60

Horizons High Interest Savings ETF

CASH CN

2,098.11

1,001.60

153.75

CI High Interest Savings ETF

CSAV CN

5,671.88

1,646.31

137.58

NBI Unconstrained Fixed Income ETF

NUBF CN

1,828.37

318.55

136.02

iShares Core Canadian Universe Bond Index ETF

XBB CN

3,948.96

222.19

133.67

Purpose Bitcoin ETF - CAD - Acc

BTCC/B CN

804.22

107.76

111.96

BMO Equal Weight Banks Index ETF

ZEB CN

3,063.17

672.75

86.96

Horizons 0-3 Month T-Bill ETF

CBIL CN

253.74

236.37

71.39

BMO S&P 500 Index ETF

ZSP CN

9,130.27

(1,041.34)

67.69

Vanguard FTSE Canada All Cap Index ETF

VCN CN

4,126.42

240.38

65.62

iShares S&P 500 Index ETF

XUS CN

3,815.54

(89.26)

64.93

Vanguard Canadian Aggregate Bond Index ETF

VAB CN

3,145.60

165.39

63.71

TD Global Technology Leaders Index ETF

TEC CN

1,120.76

(64.39)

60.73

Horizons 0-3 Month US T-Bill ETF

UBIL/U CN

190.05

161.25

58.84

Purpose Cash Management Fund

MNY CN

173.67

133.63

56.87

Investors have tended to invest in Equity ETFs during June.

 Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

 

 

Registration is open for our 5th Annual ETFGI Global ETFs Insights Summit - Canada, in person at BLG’s office in Toronto on November 29th, and virtually on November 30th.

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 IIROC, the SEC and IOSCO. Updates on index and product trends: active, fixed income, ESG, Thematic, bitcoin, crypto, and trading developments that are impacting investors in Canada.

It's a unique opportunity for attendees to network, learn about the latest trends and innovations in the ETF market, and engage in meaningful discussions on the key issues shaping the industry. 

Nov 29 - day 1 - In person at BLG’s office in Toronto. CE credits and free for IFAs and institutional investors – spaces are allocated on a first-come basis as spaces are limited. All sessions will be recorded. Attendees will receive access to virtual event content on day 2.
Nov 30 - day 2 - Virtual panel discussions on our virtual event platform. Register Now!

 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.

View the 2022 Agenda and Conference Brochure

Speakers in 2022 included:
 
REGISTER HERE
 
2023 EVENTS SCHEDULE
  • 4th Annual ETFGI Global ETFs Insights Summit - USA, Oct 4 In person in New York at The Yale Club & Oct 5 Virtual Register Here
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  • 5th Annual ETFGI Global ETFs Insights Summit - Canada, Nov 29 In person in Toronto at BLG's office & Nov 30 Virtual 
    Register Here

We look forward to seeing you at our events!
Debbie and Margareta

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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