Canadian ETF and ETP investment reaches a new high

By The IJ Staff | August 21 2019 11:30AM

Independent research, event and consultancy firm, ETFGI reports that assets invested in exchange-traded funds (ETFs) and exchange-traded products (ETPs) reached a record US$139.1-billion as of the end of July 2019. ETFs and ETPs listed in Canada saw net inflows of US$1.43-million in July, bringing year-to-date net inflows to US$9-billion. Assets invested in the industry increased 0.7 per cent, up from the US$138.12-billion posted at the end of June.

At the end of July, the Canadian ETF/ETP industry had 722 products from 38 providers, listed on two exchanges. Equity products shed US$237-million while fixed income products attracted net inflows of $782-million. Year-to-date, equity products attracted net inflows of $1.06-billion, down considerably compared to the US$4.19-billion in net inflows reported at the end of July 2018. Net inflows for fixed income products totaled US$2.78-billion for the year, up considerably from the US$127-million in net inflows fixed income products attracted by the end of July 2018.

ETFGI says substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$1.74-billion in July.

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