London - April 27, 2017 - 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 reached a new record of US$92 billion at the end of Q1 surpassing the prior record of US$90.61 billion set at the end of February 2017, according to data from ETFGI's Q1 2017 global ETF and ETP industry insights report.
(Going forward all dollar values are in U.S. Dollars.)
ETFs/ETPs listed in Canada gathered $1.58 billion in net new assets in March marking the 6th consecutive month of net inflows, and during Q1 a record level of $4.93 billion.
At the end of March 2017, the Canadian ETF industry had 478 ETFs, with 650 listings, assets of $92 Bn, from 20 providers on 2 exchanges. According to Deborah Fuhr, managing partner and a founder of ETFGI:
Investors have favoured equities over fixed income and commodities as equity markets have performed positively in March and in the first quarter of 2017. The S&P 500 gained 0.1% in March and 6.1% during the first quarter. International equity markets performed strongly in March and in the first quarter with the international markets ex U.S. up 2.6% in March and 7.5% in Q1 and emerging markets up 2.1% in March and 11.1% in Q1. With the first round of the French elections looming, European volatility expectations increased.
Equity ETFs/ETPs saw net inflows of $440 Mn in March, bringing year to date net inflows to $2.32 Bn, which is greater than the net inflows of $2.29 Bn over the same period last year.
Fixed income ETFs and ETPs experienced net inflows of $631 Mn in March, growing year to date net inflows to $1.35 Bn, which is less than the same period last year which saw net inflows of $1.51 Bn.
Commodity ETFs/ETPs saw net outflows of $40 Mn in March. Year to date, net outflows are at $30 Mn, compared to net inflows of $109 Mn over the same period last year.
BMO AM gathered the largest net ETF/ETP inflows in March with $643 Mn, followed by Vanguard with $280 Mn and Mirae Horizons with $210 Mn net inflows.
In Q1, BMO AM gathered the largest net ETF/ETP inflows with $2.17 Bn, followed by Vanguard with $761 Mn and iShares with $577 Mn net inflows.
Attribution Policy: The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.
ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem. Launched in 2012 by Deborah Fuhr and partners in London the firm offers paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 - 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 - 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.