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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada gathered US$1.41 Bn in net inflows in May 2018. YTD 2018 net inflows are at US$7.97 Bn, which is less than the US$9.12 Bn in net inflows at this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
- Net new assets gathered by ETFs/ETPs listed in Canada were $1.41 Bn in May
- May 2018 marked the 8th consecutive month of net inflows into ETFs/ETPs listed in Canada
- Assets invested in ETFs/ETPs listed in Canada increased by 1.49% during May from $119.43 Bn in April to $121.20 Bn at the end of May
According to ETFGI’s May 2018 Canada ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in Canada increased by $1.77 Bn in May 2018. The increase of 1.49%, from $119.43 Bn at the end of April 2018 to $121.20 Bn, also represents the highest monthly growth in assets since February 2018, when assets decreased by 4.06% from $121.87 Bn to $116.93 Bn.
Canadian ETF and ETP asset growth as at end of May 2018
At the end of May 2018, the Canadian ETF industry had 614 ETFs, with 732 listings, assets of $121.20 Bn, from 28 providers on 2 exchanges.
May 2018 marked the 8th consecutive month of net inflows into ETFs/ETPs listed in Canada, with $1.41 Bn gathered during the month.
The majority of the monthly net new inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $4.91 Bn during 2018. The BMO Europe High Dividend Covered Call ETF (ZWP CN) on its own has accounted for net inflows of $815 Mn.
Top 20 ETFs by YTD net inflows: Canada
| Name | Ticker | Assets (US$ Mn) May-18 |
ADV (US$ Mn) May-18 |
NNA (US$ Mn) YTD 2018 |
| BMO Europe High Dividend Covered Call ETF | ZWP CN | 774 | 0.2 | 815 |
| BMO S&P/TSX Capped Composite Index ETF | ZCN CN | 2,909 | 25.5 | 468 |
| iShares MSCI EAFE IMI Index Fund | XEF CN | 1,566 | 15.0 | 329 |
| BMO S&P 500 Index ETF | ZSP CN | 3,565 | 13.6 | 318 |
| Horizons Medical Marijuana Life Sciences ETF | HMMJ CN | 597 | 7.4 | 281 |
| PIMCO Monthly Income Fund | PMIF CN | 454 | 3.7 | 253 |
| Vanguard Canadian Aggregate Bond Index ETF | VAB CN | 1,220 | 5.0 | 216 |
| Vanguard FTSE Canada All Cap Index ETF | VCN CN | 1,091 | 3.5 | 214 |
| BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE CN | 784 | 3.6 | 205 |
| Horizons Active Floating Rate Bond ETF | HFR CN | 510 | 4.0 | 193 |
| BMO MSCI Emerging Markets Index ETF | ZEM CN | 412 | 5.7 | 182 |
| Vanguard Growth ETF Portfolio | VGRO CN | 176 | 2.6 | 176 |
| RBC Canadian Preferred Share ETF | RPF CN | 702 | 2.8 | 171 |
| Vanguard S&P 500 Index ETF | VFV CN | 1,333 | 6.4 | 165 |
| BMO Aggregate Bond Index ETF | ZAG CN | 2,698 | 9.7 | 162 |
| RBC Vision Women's Leadership MSCI Canada Index ETF | RLDR CN | 160 | 0.0 | 157 |
| BMO MSCI EAFE Index ETF | ZEA CN | 1,732 | 7.2 | 155 |
| Vanguard U.S. Total Market Index ETF | VUN CN | 993 | 3.0 | 151 |
| Vanguard FTSE Developed All Cap EX North America Index ETF | VIU CN | 465 | 1.5 | 151 |
| iShares Core MSCI Emerging Markets IMI Index ETF | XEC CN | 481 | 2.3 | 147 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Canadian-listed Equity ETFs/ETPs gathered net inflows of $982 Mn in May, bringing net inflows for 2018 to $4.89 Bn which is more than the $4.11 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs suffered net outflows of $82 Mn in May, bringing net outflows for 2018 to $206 Mn which is less than the $2.94 Bn in net inflows at this point last year.
Investors have tended to invest in Equity ETFs in May 2018 with the BMO Europe High Dividend Covered Call ETF (ZWP CN) capturing most of the flows.
