Canadian Listed ETF Assets Race Past the $200B Mark

December 5, 2019 | News

Canadian ETFs have put on a powerhouse performance this year, crossing the $200 billion mark by end November.

The National Bank of Canada’s report on Canadian ETF Flows for November 2019 is out.

Canadian ETF assets as at November 2019 were $200.44 billion:

Equity 124.15
Fixed Income 68.52
Commodities 0.90
Multi-asset 5.61
Inversed/Levered 1.26

For November, equities topped the tally of inflows at $ 2.1 billion, with fixed income following at $ 1.9 billion. However, for the 11 months to November 2019, fixed-income topped inflows with $ 12.62 billion, with equities following at $ 8.2 billion.

November was the best month this year for ETF inflows with $ 4.5 billion pouring in. The S&P/TSX composite index touched a fresh all-time high in late November, having put on more than 3% during the month.

Canadian ETFs: January to November 2019

The top four ETF’s for inflows were ($M):

BMO Aggregate Bond index $ 1,444
I Shares Core Canadian US Bond Index $ 1,301
BMO Long Federal Bond Index $ 1,191
BMO S&P 500 index $ 1,152

The top four ETF’s for outflows were ($M):

I shares S&P TSX 60 index -$ 1118
BMO US dividend -$ 549
I Shares Core S&P US Total Market Index -$ 464
BMO S&P TSX Composite Index -$ 445

Equity ETF flows by focus ($M):

(Top two)

  • Cap-weighted ETF’s recorded inflows of $ 4808, while
  • Low volatility factor funds saw inflows of $ 2362.

Fixed-income ETF flows by type ($M):

(Top three)

  • Canada Aggregate $ 6037
  • Foreign $ 2903
  • HISA $ 2044

Outlook for Canadian ETF’s

Meanwhile, a survey of 106 advisors by Toronto-based ETF provider Evolve Funds Group Incorporated showed that clients preferred active ETF’s over passive funds.

According to the survey ETF’s will likely become a bigger part of Canadian portfolios because of lower fees, better liquidity, transparency and wider range of products.

Allocations to ETF’s would grow from 19% today to around 28% by 2021. 81% of advisors surveyed said they using active ETF’s compared to 66% for passive ETF’s. Whereas 40% were using smart beta strategies, only 8% said they did not include ETF’s in client portfolios.

[Related Story:  The RISE and RISE of Global ETFs’ AUM]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

January 16, 2020

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix
Shape

Latest Alternative Investment News

Digital Assets: UAE a Flag-bearer for Blockchain Technology Deployment
January 20, 2020     Digital Assets, News

The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth…

Digital Assets: Bitwise/ETF Trends 2020 Survey – 65% Advisors Want to Buy Bitcoin in an ETF
January 20, 2020     Digital Assets, News

The Bitwise / ETF Trends 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets gives useful insight into what advisors are thinking about Bitcoin and cryptos going into 2020. ETFs…

ESG: Best Buy’s CEO in the Dock for Alleged ‘At-Work’ Liaison
January 20, 2020     ESG and Sustainability, Latest News, News

Current Best Buy CEO Corie Barry allegedly had a romantic relationship with a male colleague before taking charge as CEO in June 2019. Best Buy’s board is investigating the charge,…

Emission-Free Friday: Here are the Latest Funds to Push for Carbon Neutral
January 17, 2020     ESG and Sustainability, Investments, News

Carbon emissions dominated the headlines this week. The European Commission has announced an ambitious plan to shift toward a green economy and make the EU carbon-neutral in the year ahead….