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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs listed in Canada increased by a record $28.3 billion during the first 11 months of 2017, the greatest annual increase on record, to reach a new high of US$113 billion at the end of November.
According to ETFGI’s November 2017 Canada ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs grew by 33.5%, from $84.6 Bn at the end of 2016. With one month of 2017 still to go the increase of $28.3 Bn far surpassed the previous record of $19.8 Bn for the whole of 2016.
If the trend continues through December, 2017 is also on track to see the greatest percentage increase in assets since 2009, when markets recovered following the 2008 financial crisis.
Year-to-date, through end of November 2017, ETFs listed in Canada saw record net inflows of US$17.5 Bn; 37.8% more than net inflows for the whole of 2016. Half of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$8.75 Bn during 2017. The BMO Aggregate Bond Index ETF (ZAG CN) on its own accounted for net inflows of US$2.53 Bn.
Top 20 ETFs by net new assets: Canada
| Name | Ticker | Assets (US$ Mn) Nov-17 |
ADV (US$ Mn) Nov-17 |
NNA (US$ Mn) YTD 2017 |
| BMO Aggregate Bond Index ETF | ZAG CN | 2,532 | 9.5 | 859 |
| iShares S&P/TSX Capped Composite Index Fund | XIC CN | 3,121 | 13.4 | 858 |
| iShares Core S&P US Total Market Index ETF | XUU CN | 888 | 3.0 | 772 |
| BMO S&P/TSX Capped Composite Index ETF | ZCN CN | 2,170 | 7.5 | 716 |
| BMO MSCI EAFE Index ETF | ZEA CN | 1,576 | 2.8 | 608 |
| iShares MSCI EAFE IMI Index Fund | XEF CN | 1,194 | 4.6 | 499 |
| BMO S&P 500 Index ETF | ZSP CN | 3,112 | 26.5 | 456 |
| BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE CN | 582 | 3.3 | 410 |
| Horizon S&P/TSX 60 Index ETF | HXT CN | 1,220 | 15.5 | 381 |
| BMO Short Corporate Bond Index ETF | ZCS CN | 1,339 | 4.5 | 363 |
| RBC Canadian Preferred Share ETF | RPF CN | 500 | 2.6 | 354 |
| RBC International Equity Index Etf | RINT CN | 326 | 0.0 | 325 |
| Horizons Active Preferred Share ETF | HPR CN | 1,146 | 4.7 | 324 |
| Vanguard FTSE Canada All Cap Index ETF | VCN CN | 855 | 2.6 | 298 |
| RBC US Equity Index Etf | RUSA CN | 296 | 0.3 | 292 |
| BMO Laddered Preferred Share Index ETF | ZPR CN | 1,680 | 7.4 | 271 |
| BMO Discount Bond Index ETF | ZDB CN | 419 | 0.8 | 247 |
| Dynamic Ishares Active Preferred Shares ETF | DXP CN | 254 | 1.9 | 244 |
| Vanguard S&P 500 Index ETF | VFV CN | 1,119 | 4.2 | 237 |
| BMO Mid-Term US IG Corporate Bond Index ETF | ZIC CN | 1,109 | 1.1 | 234 |
Canada-listed equity ETFs saw net inflows of $1.66 Bn in November, bringing year-to-date net inflows to $9.20 Bn, which is greater than the net inflows of $4.33 Bn over the same period last year.
