ETFGI reports assets invested in ETFs and ETPs listed in Canada reached a new high of US$131 billion at the end of August 2018
LONDON — September 13, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada reached a new high of US$131 billion in assets, following net inflows and market moves of US$2.19 billion during August. The 6.76% increase in toutal assets marks the largest monthly change since March 2016, according to ETFGI’s August 2018 Canada ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- ETF/ETP assets have increased by 6.76% to reach a record $131 Bn at the end of August.
- ETFs and ETPs listed in Canada experienced net inflows of $2.19 Bn during August.
- Equity ETFs/ETPs gathered the largest net inflows during August, while commodity ETFs/ETPs saw net outflows.
“On August 22, 2018 the S&P 500 marked its longest bull market - 3,453 days, without a bear market - a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date. Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion. Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of August 2018, the Canadian ETF/ETP industry had 624 ETFs/ETPs, with 750 listings, assets of $131 Bn, from 28 providers listed on 2 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in Canada increased by 6.76% during the month, from $123 Bn at the end of July 2018, and have increased by 12.28% year-to-date from $117 Bn at the end of 2017.
Canadian ETF and ETP asset growth as of the end of August 2018
Equity based ETFs and ETPs gathered net inflows of $1.28 Bn in August, bringing net inflows for 2018 to $5.47, marginally less than the $5.78 Bn in net inflows at this point last year.
Fixed income ETFs/ETPs listed in Canada gathered net inflows of $349 Mn in August, bringing net inflows for 2018 to $474 Mn, substantially less than the $3.87 Bn in net inflows at this point last year.
Commodity ETFs/ETPs listed in Canada saw net outflows of $9.80 Mn in August, bringing net outflows for 2018 to $4.89 Mn, again substantially less than the $12.1 Mn in net inflows at this point last year.
A high proportion of net inflows during August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.03 Bn. The iShares S&P/TSX 60 Index Fund ETF (XIU CN) gathered $507 Mn, the largest net inflow in August.
Top 20 ETFs by net new assets August 2018: Canada
Name |
Ticker |
Assets |
ADV |
NNA |
NNA |
iShares S&P/TSX 60 Index Fund |
XIU CN |
8,284 |
156 |
(589) |
507 |
Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index |
PSB CN |
698 |
15 |
115 |
266 |
Invesco Canadian Dividend Index ETF |
PDC CN |
512 |
12 |
297 |
229 |
BMO S&P/TSX Capped Composite Index ETF |
ZCN CN |
3,187 |
8 |
590 |
97 |
iShares S&P/TSX Capped Financials Index Fund |
XFN CN |
903 |
11 |
(29) |
95 |
BMO MSCI EAFE Index ETF |
ZEA CN |
1,896 |
6 |
265 |
95 |
BMO S&P 500 Index ETF |
ZSP CN |
4,213 |
18 |
524 |
94 |
iShares S&P/TSX Global Gold Index ETF |
XGD CN |
560 |
12 |
46 |
81 |
iShares Canadian Long Term Bond Index Fund |
XLB CN |
366 |
4 |
88 |
72 |
Purpose High Interest Savings ETF |
PSA CN |
605 |
28 |
151 |
63 |
First Asset Global Financial Sector ETF |
FSF CN |
100 |
3 |
49 |
52 |
Horizon S&P/TSX 60 Index ETF |
HXT CN |
1,614 |
25 |
175 |
50 |
Vanguard FTSE Canada All Cap Index ETF |
VCN CN |
1,292 |
4 |
353 |
46 |
PIMCO Monthly Income Fund |
PMIF CN |
564 |
3 |
344 |
44 |
Mackenzie Floating Rate Income ETF |
MFT CN |
504 |
3 |
273 |
43 |
Invesco FTSE RAFI Canadian Fundamental Index ETF |
PXC CN |
243 |
3 |
23 |
42 |
Franklin Liberty Global Ag. Bond ETF Cad-Hedged |
FLGA CN |
184 |
2 |
175 |
41 |
Vanguard Growth ETF Portfolio |
VGRO CN |
304 |
3 |
286 |
40 |
BetaPro S&P/TSX Global Gold Bull Plus ETF |
HGU CN |
88 |
9 |
28 |
35 |
BMO Aggregate Bond Index ETF |
ZAG CN |
2,861 |
7 |
226 |
35 |
Investors have tended to invest in Domestic Market cap and Equity ETFs during August 2018.
Please contact deborah.fuhr@etfgi.com if you would like to discuss subscribing to any of ETFGI’s research or consulting services.
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About Deborah Fuhr
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She 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.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world. www.womeninetfs.com
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