ETFGI reports the ETFs industry in Canada gathered net inflows of US$66 million US in January 2023

LONDON — February 17, 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$66 million during January. During the month, assets invested in the ETFs industry in Canada increased by 7.0%, from US$250 billion at the end of December to US$268 billion, according to ETFGI's January 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 $66 Mn in January.
  • 7th month of consecutive net inflows.
  • Assets of $268 Bn invested in ETFs industry in Canada at the end of January.
  • Assets have increased 7.0 % in January, going from $250 Bn at the end of 2022, to $268 Bn.

“The S&P 500 increased by 6.28 % in January. Developed markets excluding the US increased by 8.27% in January. Italy (up 14.52%) and the Netherlands (up 14.47%) saw the largest increases amongst the developed markets in January. Emerging markets increased by 6.66% during January. Mexico (up 16.53%) and Czech Republic (up 16.46%) saw the largest increases amongst emerging markets in January.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


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

 

The ETFs industry in Canada had 1,062 products, with 1,349 listings, assets of listed $268 Bn, from 42 providers on 2 exchanges at the end of January.

During January, ETFs listed in Canada gathered net inflows of $66 Mn. Equity ETFs suffered net outflows of $537 Mn during January, while in January 2022 they gathered $3.49 Bn in net inflows.  Fixed income ETFs reported net outflows of $416 Mn during January, while in January 2002 they gathered $68 Mn in net inflows. Active ETFs attracted net inflows of $845 Mn during the month, slightly lower than the $904 Mn in net inflows in January 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.34 Bn during January. CI High Interest Savings ETF (CSAV CN) gathered $390 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets January 2023: Canada

Name

Ticker

Assets
($ Mn)
Jan-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jan-23

CI High Interest Savings ETF

CSAV CN

4,372.58

389.80

389.80

TD Canadian Aggregate Bond Index ETF

TDB CN

731.63

344.78

344.78

BMO High Yield US Corporate Bond Index ETF

ZJK CN

726.38

176.90

176.90

BMO High Yield US Corporate Bond Hedged to CAD Index ETF  

ZHY CN

682.93

174.45

174.45

High Interest Savings Account Fund

HISA CN

982.91

165.90

165.90

Horizons High Interest Savings ETF

CASH CN

1,214.41

131.51

131.51

BMO MSCI EAFE Index ETF

ZEA CN

4,445.16

120.98

120.98

BetaPro Natural Gas Leveraged Daily Bull ETF

HNU CN

104.17

100.48

100.48

NBI Unconstrained Fixed Income ETF

NUBF CN

1,645.28

85.75

85.75

iShares Canadian Long Term Bond Index Fund

XLB CN

616.25

85.23

85.23

TD Canadian Long Term Federal Bond ETF

TCLB CN

1,104.33

76.67

76.67

Invesco S&P 500 Equal Weighted Index ETF

EQL CN

496.08

59.25

59.25

Horizons Cdn Select Universe Bond ETF

HBB CN

2,264.24

59.16

59.16

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC CN

2,034.77

57.60

57.60

NBI Active International Equity ETF

NINT CN

259.84

56.27

56.27

Vanguard All-Equity ETF Portfolio

VEQT CN

1,799.36

55.24

55.24

CI Alternative Investment Grade Credit Fund

CRED CN

84.27

50.93

50.93

Purpose US Cash ETF

PSU/U CN

336.07

50.04

50.04

Vanguard Growth ETF Portfolio

VGRO CN

2,838.63

48.63

48.63

NBI High Yield Bond ETF

NHYB CN

801.70

46.35

46.35

 

Investors have tended to invest in Active ETFs during January.

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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