ETFGI reports on the 27th anniversary of the listing of the first ETF the assets invested in ETFs/ETPs listed in Canada reached a new record of 90.61 billion US dollars
LONDON — March 10, 2017 — ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today, on the 27th anniversary of the listing of the first ETF, assets invested in ETFs/ETPs listed in Canada reached a new record of US$90.61 billion at the end February 2017 surpassing the prior record of US$88.84 billion set at the end of January 2017.
Twenty seven years ago on March 9th, 1990 the first ETF was listed in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF was listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.
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ETFs/ETPs listed in Canada gathered a record level US$2.09 billion of net new assets for February marking the 5th consecutive month of net inflows, according to data from ETFGI’s February 2017 global ETF and ETP industry insights report.
Record levels of assets under management were reached at the end of February 2017 for ETFs/ETPs listed globally at US$3.844 trillion, in the United States at US$2.758 trillion, in Europe at US$620 billion, in Asia Pacific ex Japan at US$136 billion, Japan at US$198 billion and in Canada at US$91 billion.
At the end of February 2017, the Canadian ETF industry had 474 ETFs, with 642 listings, assets of US$91 Bn, from 19 providers on 2 exchanges.
“The US equity market performed strongly in February with the S&P 500 up 3.97% and the DJIA was up 5.17%. International equity markets continued to perform well in February with the S&P Developed Ex-U.S. BMI up 1.42% while the S&P Emerging BMI was up 3.46%.
There are significant upcoming political and economic events that investors will be watching in Europe in the next two months: the first round of the French election, a Dutch general election, the beginning of the U.K.’s “Brexit” negotiations and, officials from the EU and the IMF are once again locked in negotiations over the Greek bailout,” according to Deborah Fuhr, managing partner and co-founder of ETFGI.
ETFs and ETPs listed in Canada gathered net inflows of US$2.09 Bn in February. Year to date, net inflows stand at US$3.35 Bn. At this point last year there were net inflows of US$1.35 Bn.
Equity ETFs/ETPs saw net inflows of US$1.27 Bn in February, bringing year to date net inflows to US$1.88 Bn, which is greater than the net inflows of US$175 Mn over the same period last year.
Fixed income ETFs and ETPs experienced net inflows of US$371 Mn in February, growing year to date net inflows to US$723 Mn, which is less than the same period last year which saw net inflows of US$1.05 Bn.
Commodity ETFs/ETPs accumulated net inflows of US$19 Mn in February. Year to date, net inflows are at $10 Mn, compared to net outflows of US$5 Mn over the same period last year.
BMO AM gathered the largest net ETF/ETP inflows in February with US$927 Mn, followed by iShares with US$436 Mn and Vanguard with US$239 Mn net inflows. YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$1.53 Bn, followed by iShares with US$535 Mn and Vanguard with US$480 Mn net inflows.
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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 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.
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.