Canadian ETFs Gain $10 Billion

By Andrew Rickard | November 12 2015 09:59AM

Exchange traded funds (ETFS) and other exchange traded products listed in Canada have gathered a little more than $10 billion* this year.

A report from industry research company ETFGI shows that, as of the end of October, Canadian ETFs have collected $10.1 billion in net new assets.

Overall there are 12 product providers in the country, offering 373 ETFs or ETPs with $66.5 billion in assets under management. During October, $851 million flowed into Canadian-listed products; equity ETFs took the lion's share with $594 million, followed by fixed income with $204 million. Canadian commodity ETFs were the least popular category with investors last month, and experienced net outflows of $12 million.

ETFGI notes that ETFs all over the world attracted unprecedented amounts of money during the first ten months of 2015 gaining $287.3 billion of net new assets. This is 22% higher than the same period last year. In the United States, Europe, and Japan ETFs net inflows set new records, reaching $174.8 billion, $68.6 billion, and $35 billion for gains of 12.4%, 22.7%, 121.9% over previous high water marks respectively.

"Equity markets performed well globally in October: the Dow was up 9%, the S&P 500 was 8%, all 10 sectors of the S&P 500 were up for the month, developed markets gained 7%, emerging markets were up 8%," comments Deborah Fuhr, managing partner at ETFGI. "Investors put net money into riskier assets including emerging market equities in October."

* All figures in this article reported in US dollars