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ETFGI Reports That Assets Invested In The ETFs Industry In Canada Reached A New Record Of US$463.25 Billion At The End Of May

Date 17/06/2025

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the ETFs industry in Canada reached a new record of US$463.25 billion at the end of May. During May the ETFs industry in Canada gathered net inflows of US$7.88 billion, bringing year-to-date net inflows to US$40.49 billion – also a recordaccording to ETFGI's May 2025 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in the Canadian ETFs industry reached a record US$463.25 billion at the end of May, surpassing the previous high of US$438.26 billion recorded at the end of April 2025.
  • Net inflows of $7.88 Bn in May 2025.
  • Year-to-date net inflows of US$40.49 billion mark the highest on record, surpassing the previous highs of US$22.22 billion in 2021 and US$20.64 billion in 2024, which now rank as the second and third highest, respectively.
  • 35th month of consecutive net inflows.

“The S&P 500 Index rose by 6.29% in May, bringing its year-to-date (YTD) gain to 1.06% in 2025. The Developed Markets ex-U.S. Index increased by 5.12% in May and is up 16.52% YTD. Among developed markets, Austria and the Netherlands led with gains of 11.40% and 9.12%, respectively. The Emerging Markets Index climbed 4.42% in May, with a 6.30% YTD increase. Taiwan and Greece posted the strongest monthly performances among emerging markets, rising 12.57% and 10.99%, respectively,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets in the ETFs industry in Canada as of the end of May

ETFGI_ETFs_Canada_18un.jpg

The ETFs industry in Canada ETF had 1,336 ETFs, with 1,679 listings, assets of US$463.25 Bn, from 45 providers listed on 2 exchanges at the end of May.

During May, ETFs gathered net inflows of $7.88 Bn. Equity ETFs reported net inflows of $2.74 Bn during May, bringing YTD net inflows to $13.93 Bn, higher than the $11.36 Bn in YTD net inflows in 2024. Fixed income ETFs gathered net inflows of $1.46 Bn during May, bringing YTD net inflows to $5.67 Bn, higher than the $1.72 Bn in net inflows YTD in 2024. Active ETFs reported net inflows of $3.40 Bn during the month, gathering YTD net inflows of $19.56 Bn, much higher than the $7.78 Bn in YTD net inflows in 2024. Crypto ETFs reported net inflows of $16 Mn during May, bringing YTD net inflows to $189 Mn, higher than the $574 Mn in YTD net outflows in 2024.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.95 Bn during May. iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM CN) gathered $405.58 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets May 2025: Canada

Name

Ticker

Assets
($ Mn)
May-25

NNA
($ Mn)
 YTD-25

NNA
($ Mn)
May-25

iShares ESG Aware MSCI Emerging Markets Index ETF

XSEM CN

2856.27

384.47

405.58

BMO Aggregate Bond Index ETF

ZAG CN

8221.09

1007.28

329.15

iShares Core S&P/TSX Capped Composite Index ETF

XIC CN

11779.34

515.58

312.13

Vanguard S&P 500 Index ETF

VFV CN

16146.29

1681.18

289.36

iShares S&P/TSX 60 Index Fund

XIU CN

12218.65

(376.52)

255.65

TD Canadian Long Term Federal Bond ETF

TCLB CN

533.22

(67.12)

226.16

BMO MSCI EAFE Index ETF

ZEA CN

7379.11

537.60

209.87

iShares MSCI EAFE IMI Index Fund

XEF CN

8877.31

1223.23

203.27

Fidelity All-in-One Balanced ETF

FBAL CN

2365.90

787.84

193.27

Fidelity All-in-One Equity ETF

FEQT CN

987.46

437.52

175.67

Scotia US Equity Index Tracker ETF

SITU CN

1736.19

405.90

161.34

BMO Equal Weight US Banks Index ETF

ZBK CN

664.32

125.97

155.21

iShares Core Equity ETF Portfolio

XEQT CN

5585.38

1108.62

152.65

BMO Money Market Fund

ZMMK CN

3590.81

1219.08

137.84

CI Yield Enhanced Canada Aggregate Bond Index ETF

CAGG CN

940.63

66.50

132.47

BMO Gold Bullion ETF

ZGLD CN

785.57

194.36

126.44

Purpose Cash Management Fund

MNY CN

931.63

317.02

122.75

BMO Short Corporate Bond Index ETF 

ZCS CN

3092.68

1057.85

122.19

BMO Ultra Short-Term Bond ETF

ZST CN

3459.83

756.48

121.89

Vanguard U.S. Total Market Index ETF

VUN CN

8287.14

619.60

118.47

Investors have tended to invest in Active ETFs during May.