Canadian ETF/ETP assets reach record $92bn in March

Apr 25th, 2017 | By | Category: ETF and Index News

Assets invested in exchange-traded funds and exchange-traded products listed in Canada reached a new record high of $92 billion at the end of Q1 2017, surpassing the prior record of $90.6bn set at the end of February 2017, according to data from London-based ETF industry consultant ETFGI.

Canadian ETF/ETP assets reach record $92bn in March

ETFs/ETPs listed in Canada recorded $4.9bn in net inflows during Q1 2017.

ETFs/ETPs listed in Canada gathered net inflows of $1.6bn in March, bringing year to date (YTD) net inflows to $4.9bn, a record level for Q1.

Equity ETFs/ETPs saw net inflows of $440m in March, bringing YTD net inflows to $2.3bn. Fixed income ETFs/ETPs were most in demand during March, recording $631m in net gatherings, and growing YTD net inflows to $1.4bn. Commodity ETFs/ETPs saw net outflows of $40m in March, turning net gatherings YTD negative at $30m outflows.

BMO was the most successful gatherer of net new assets during March and YTD with $643m and $2.2bn in net inflows respectively. Vanguard placed second with $280m in net new assets during March and $761m YTD.

At the end of March 2017, the Canadian ETF industry had 478 ETFs, with 650 listings from 20 providers on two exchanges.

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