ETFs/ETPs listed in Canada gathered 1.30 billion US dollars in net new assets in February 2016, according to ETFGI
LONDON — March 24, 2016 — ETFs/ETPs listed in Canada gathered net inflows of US$1.30 Bn in February 2016, according to data from ETFGI’s February 2016 global ETF and ETP industry insights report. ETFs/ETPs listed in Canada have gathered net inflows for 16 consecutive months.
The Canadian ETF industry had 384 ETFs, with 533 listings, assets of US$65 Bn, from 13 providers listed on 1 exchange at the end of February 2016.
“February was another volatile month for equity markets. The S&P 500 closed the month down 0.13%. Despite recent uncertainty, emerging markets gain 0.31% in February, while developed markets outside of the U.S. declined 1%.” according to Deborah Fuhr, managing partner at ETFGI.
Canadian ETFs/ETPs see net inflows of US$1.30 Bn
In February 2016, ETFs/ETPs listed in Canada gathered net inflows of US$1.30 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$756 Mn, followed by fixed income ETFs/ETPs with US$427 Mn, and commodity ETFs/ETPs with US$1 Mn.
iShares gathered the largest net ETF/ETP inflows in February with US$444 Mn, followed by BMO AM with US$400 Mn and Vanguard with US$176 Mn net inflows.
YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$892 Mn, followed by Vanguard with US$421 Mn and PowerShares with US$172 Mn net inflows.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with US$26,040 Mn, reflecting 39.8% market share; FTSE Russell is second with US$16,468 Mn and 25.2% market share, followed by Barclays with US$4,416 Mn and 6.8% market share.
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Note to editors
ETFs are typically open-ended, index-based funds, with active ETFs accounting for 1.1% market share. They can be bought and sold like ordinary shares on a stock exchange and offer broad exposure across developed, emerging and frontier markets, equities, fixed income and commodities. ETFs are used widely by institutional investors and increasingly by financial advisors and retail investors to:
- equitize cash
- implement diversified exposure to a market
- comprise a core or satellite investment
- be a long term strategic investment
- implement tactical adjustments to portfolios
- use as building blocks to create entire portfolios
- allow investors to hedge the market
- use as an alternative to futures and other derivative products
Exchange Traded Products (ETPs) are products that have similarities to ETFs in the way they trade and settle but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem. Launched in 2012 by Deborah Fuhr and partners in London the firm offers paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. Shane Kelly and Matthew Murray are co-founders and partners in ETFGI.
Attribution Policy: The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI. website www.etfgi.com
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