ETFGI Wishes A Happy 34th Anniversary To The ETFs Industry In Canada

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, ETFGI wishes a happy 34th anniversary to the ETFs industry in Canada. Thirty-four years ago on March 9th, 1990 the first ETF was listed in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.

Assets invested in the ETFs industry in Canada reached a new record of US$325.10 billion at the end of February.  During the February, the ETFs listed in Canada gathered net inflows of US$5.11 billion during bringing year-to-date net inflows to US$8.53 billion, according to ETFGI's February 2024 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

• ETFGI wishes a happy 34th anniversary to the ETFs industry in Canada.
• Assets invested in the ETFs industry in Canada a new record of $325.10 Bn at the end of February beating the previous record of $314.45 Bn at the end of January 2024.
• Net inflows of $5.11 Bn in February 2024.
• YTD net inflows of $8.53 Bn during 2024 are the second highest on record, after YTD net inflows of $9.44 Bn in 2020.
• 20th month of consecutive net inflows.

“The S&P 500 index increased by 5.34% in February and is up 7.11% YTD. Developed markets excluding the US increased by 1.90% in February and are up 1.58% YTD.  Ireland (up 8.60%) and Israel (up 8.27%) saw the largest increases amongst the developed markets in February. Emerging markets increased by 4.18% during February and are up 0.57% YTD. China (up 8.41%) and Peru (up 7.12%) saw the largest increases amongst emerging markets in February”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

The ETFs industry in Canada had 1,128 products, with 1,409 listings, assets of $325.10 Bn, from 40 providers listed on 2 exchanges at the end of February.

During February, ETFs gathered net inflows of $5.11 Bn. Equity ETFs reported net inflows of $3.02 Bn, bringing YTD net inflows to $5.12 Bn, higher than the $159.56 Mn in net YTD in 2023. Fixed income ETFs gathered net inflows of $452.35 Mn during February, bringing YTD net inflows to $510.88 Mn, lower than the $688.03 Mn in net inflows YTD in 2023. Active ETFs attracted net inflows of $1.61 Bn during the month, gathering YTD net inflows of $3.15 Bn, higher than the $2.83 Mn in net inflows YTD in 2023. Crypto ETFs reported net outflows of $65.38 Mn during February, bringing YTD net outflows to $400.06 Mn, more than the $25.97 Mn in YTD net inflows in 2023.  

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $3.24 Bn during February. Scotia US Equity Index Tracker ETF (SITU CN) gathered $500.23 Mn, the largest individual net inflow.

Top 20 ETFs by net new assets February 2024: Canada

Investors have tended to invest in Equity ETFs during February.