Exchange traded funds (ETFs) and other exchange-traded products in Canada gathered $7 billion USD of new assets during the first seven months of this year.

photo_web_208According to a report published by British research firm ETFGI, Canadian ETFs saw net inflows of $400 million USD in July, bringing total net inflows for 2015 to $7 billion. Equity ETFs accounted for the largest share of these new funds, with $3.2 billion USD, followed by fixed income and commodity ETFs with $2.8 billion and $23 million respectively.

ETFGI notes that there are eleven players in the Canadian ETF marketplace; year to date BMO Asset Management leads the pack with net inflows of $3.0 billion USD, followed by Vanguard with $1.3 billion, iShares with $594 million, RBC Global Asset Management with $499 million, and Horizons with $439 million.

“The S&P 500 index ended up 2% for the month of July and finished the first seven months of 2015 up 3%," comments Deborah Fuhr, managing partner of ETFGI. "Although investors faced uncertainty in China and Greece during July they continued to invest significant net new assets in equity ETFs.”