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.

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