ETFGI reports assets invested in ETFs/ETPs listed in Canada have increased 28.2% in 2017 to reach a new record of US$108 billion at the end of September 2017 …….
Deborah Fuhr, Managing Partner at ETFGI
ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Canada have increased 28.2% in the first 9 months of the year to reach a new record of US$108 Bn at the end of September 2017, according to ETFGI’s September 2017 preliminary Canadian ETF and ETP industry insights report .
The Canadian ETF industry had 535 ETFs, with 659 listings, assets of US$108 Bn, from 25 providers listed on 2 exchanges.
ETFs and ETPs listed in Canada gathered US$13 Mn in net outflows in August and US$13.87 Bn in year to date net inflows which is more than the US$9.46 Bn in net inflows at this point last year and US$1.17 Bn more than the US$12.70 Bn net inflows gathered in all 2016.
“The US market typically has performed poorest during the month of September. This year the S&P 500 was up 2.06% in September and is up 14.24% year to date. The S&P 500 Value outperformed S&P 500 Growth up 3.28% and 1.11% respectively, furthering the perception of stronger economic fundamentals. Energy and Financials were September’s top performing sectors, up 9.94% and 5.14%, respectively. The S&P Developed Ex-U.S. BMI gained 2.57% in September and is up 20.76% year to date. Emerging markets declined 0.55% in September due to headwinds including a rising dollar but is up 26.95% year to date. The uncertainty of Brexit negotiations and North Korea are still areas of concern for investors.” According to Deborah Fuhr, Managing Partner and co-founder of ETFGI.
Equity ETFs/ETPs experienced net outflows of US$409 Mn in in September, bringing year to date net inflows to US$6.40 Bn, which is much greater than the net inflows of US$4.02 Bn over the same period last year and more than the US$6.21 Bn gathered in all 2016.
Fixed income ETFs and ETPs gathered US$202 Mn in net inflows in September, growing year to date net inflows to US$3.69 Bn, which is less than the same period last year which saw net inflows of US$4.32 Bn.
Commodity ETFs/ETPs had net outflows of US$1 Mn in September. Year to date, net inflows are at US$40 Mn, compared to net inflows of US$243 Mn over the same period last year.
BMO AM gathered the largest net ETF/ETP inflows in September with US$238 Mn, followed by Mirae Asset ETFs with US$219 Mn and RBC Global AM with net inflows of US$214.
YTD, BMO AM gathered the largest net ETF/ETP inflows with US$5.82 Bn, followed by Vanguard with US$1.92 Bn, iShares with US$1.32 Bn and Mirae Asset ETFs with US$1.31 Bn net inflows.