Canadian ETF/ETP assets trend higher with 21st consecutive month of inflows

Aug 29th, 2016 | By | Category: ETF and Index News

The Canadian exchange-traded fund industry has enjoyed another month of inflows, with ETF and ETP assets reaching a new record of US$81bn at the end of July 2016, according to industry consultants ETFGI.

Canadian ETF/ETP assets reach record high of US$81bn in July

Canadian ETF industry assets reach US$81bn.

Year to date (YTD to July month-end) assets under management are up 25.3%.

Net inflows gathered by ETFs/ETPs listed in Canada in July were $180m, the 21st consecutive month of net inflows.

Commodity ETFs/ETPs gathered net inflows of $66m, fixed income ETFs/ETPs gathered $32m, while equity ETFs/ETPs experienced net outflows of $75m.

Mirae Horizons gathered the largest net ETF/ETP inflows in July with $147m, followed by Vanguard with $131m and RBC Global AM with $21m net inflows.

Year-to-date, ETFs/ETPs have gathered a record level of $8.5bn in net inflows. Equity ETFs/ETPs gathered a record YTD level of net inflows of $4.1bn, followed by fixed income ETFs/ETPs with $3.5bn, and commodity ETFs/ETPs which have gathered a record $205m in net inflows.

BMO AM has been the most successful gatherer of net new assets YTD with $4.1bn, followed by Vanguard with $1.5bn and iShares with $1.23bn net inflows.

In July 2016, 8 new ETFs/ETPs were launched by 2 providers. The Canadian ETF industry now has 430 ETFs, with 585 listings, from 17 providers listed on 2 exchanges.

Record levels of assets were also reached at the end of July for ETFs/ETPs listed globally at $3.343tn, in the US at $2.367tn, in Europe at $539.2bn and in Japan at $191.8bn.

Tags: , , , , , , , , , , , ,

Leave a Comment



More in ETF and Index News
Heather Fischer, vice president, ETF and mutual fund platforms, Charles Schwab
ETF allocations up 70% over five years, finds Charles Schwab

The importance of ETFs within an average investor's portfolio has increased substantially over the past five years, according to the 7th annual survey...

Twelve new ETFs listed on London Stock Exchange in August 2017
Twelve new ETFs listed on London Stock Exchange in August 2017

Twelve new ETFs were listed on London Stock Exchange in August 2017, bringing the number of new listings year-to-date to 89. ETF issuers...

Close