All dollar values in U.S. Dollars unless otherwise noted.
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 $108 Bn at the end of September 2017, according to ETFGI’s September 2017 preliminary Canadian ETF and ETP industry insights report an annual paid for research subscription service.
The Canadian ETF industry had 535 ETFs, with 659 listings, assets of $108 Bn, from 25 providers listed on 2 exchanges.
ETFs and ETPs listed in Canada gathered $13 Mn in net outflows in September and $13.87 Bn in year to date net inflows which is more than the $9.46 Bn in net inflows at this point last year and $1.17 Bn more than the $12.70 Bn net inflows gathered in all 2016. According to Deborah Fuhr, Managing Partner and co-founder of ETFGI:
The U.S. 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.
Equity ETFs/ETPs experienced net outflows of $409 Mn in in September, bringing year to date net inflows to $6.40 Bn, which is much greater than the net inflows of $4.02 Bn over the same period last year and more than the $6.21 Bn gathered in all 2016.
Fixed income ETFs and ETPs gathered $202 Mn in net inflows in September, growing year to date net inflows to $3.69 Bn, which is less than the same period last year which saw net inflows of $4.32 Bn.
Commodity ETFs/ETPs had net outflows of $1 Mn in September. Year to date, net inflows are at $40 Mn, compared to net inflows of $243 Mn over the same period last year.
BMO AM gathered the largest net ETF/ETP inflows in September with $238 Mn, followed by Mirae Asset ETFs with $219 Mn and RBC Global AM with net inflows of $214.
YTD, BMO AM gathered the largest net ETF/ETP inflows with $5.82 Bn, followed by Vanguard with $1.92 Bn, iShares with $1.32 Bn and Mirae Asset ETFs with $1.31 Bn net inflows.
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