ETFGI Reports The ETF Industry In Canada Gathered Net Inflows Of US$1.66 Billion In April 2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in Canada gathered net inflows of US$1.66 billion during April, bringing year-to-date net inflows to US$10.68 billion. During the month, Canadian ETF assets increased by 1.9%, from US$270 billion at the end of March to US$275 billion, according to ETFGI's April 2023 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.) 

• ETFs industry in Canada gathered net inflows of $1.66 Bn in April.
• YTD 2023 net inflows of $10.68 Bn are the fourth highest, after YTD net inflows of $16.14 Bn in 2021, YTD.
• 10th month of consecutive net inflows.
• $275 billion invested in the ETFs industry in Canada at the end of April. 
• Assets have increased 10.1 % YTD in 2023, going from $250 Bn at the end of 2022, to $275 Bn.

“The S&P 500 was up 1.56 % in April and is up by 9.17% in the first 4 months of 2023. Developed markets excluding the US increased by 2.45% in April and are up 10.41% YTD in 2023. Switzerland (up 6.41%) and United Kingdom (up 5.28%) saw the largest increases amongst the developed markets in April. Emerging markets decreased by 0.50% during April but are up 2.38% YTD in 2023. Turkey (down 4.79%) and Thailand (down 4.69%) saw the largest decreases amongst emerging markets in April.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in Canadian ETF assets as of the end of April 2023

The ETF industry in Canadian had 1,054 ETFs, with 1,327 listings, assets of $275 Bn, from 41 providers on listed on 2 exchanges at the end of April.

During April, ETFs gathered net inflows of $1.66 Bn. Equity ETFs reported net outflows of $107 Mn during April, bringing YTD net inflows to $1.62 Bn, much lower than the $7.77 Bn in net inflows YTD in 2022. Fixed income ETFs gathered net inflows of $679 Mn during April, bringing YTD net inflows to $2.55 Bn, higher than the $1.25 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $1.04 Bn over the month, gathering YTD net inflows of $6.43 Bn, higher than the $4.37 Bn in net inflows gathered YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.67 Bn during April. Hamilton Canadian Bank Equal-Weight Index ETF (HEB CN) gathered $381.18 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets April 2023: Canada

Investors have tended to invest in Fixed Income ETFs/ETPs during April.