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Wed, Jul

ETP Analysis Canada
Typography

ETFGI reported assets invested in ETFs/ETPs listed in Canada are US$81.76 billion at the end of Q3 2016 virtually unchanged from US$82.14 Bn at the end of August.....


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Deborah Fuhr, Managing Partner at ETFGI


Net flows gathered by ETFs/ETPs in September were US$491 Mn of net new assets gathered during the month marking the 23rd consecutive month of net inflows, according to preliminary data from ETFGI’s September 2016 global ETF and ETP industry insights report.

Record levels of assets were reached at the end of Q3 for ETFs/ETPs listed globally at US$3.408 trillion, in the United States with US$2.416 trillion, in Europe at US$566.74 Bn, and in Asia Pacific ex-Japan at US$131.88 Bn.

At the end of Q3 2016, the Canadian ETF industry had 442 ETFs, with 598 listings, assets of US$82 Bn, from 17 providers listed on 2 exchanges.

“Although there was a rally after the FOMC's vote to leave interest rates unchanged in September, the S&P 500 ended the month flat and the SJIA with a moderate decline of 0.4%. Developed markets ex-US and Emerging markets were up 1.5% and 1.2%, respectively" according to Deborah Fuhr, co-founder and managing partner at ETFGI.

In September 2016, ETFs/ETPs gathered net inflows of US$491 Mn. Fixed Income ETFs/ETPs gathered the largest net inflows with US$547 Mn, while equity ETFs/ETPs experienced net outflows of US$273 Mn and commodity ETFs/ETPs had outflows of US$19 Mn.

YTD through end of Q3 2016, ETFs/ETPs have seen net inflows of US$10.49 Bn. Fixed Income ETFs/ETPs gathered the largest net inflows YTD with US$4.63 Bn, followed by equity ETFs/ETPs with US$4.62 Bn, and commodity ETFs/ETPs with US$219 Mn.

iShares is the largest ETF/ETP provider in terms of assets with US$39.13 Mn, reflecting 47.9% market share; BMO AM is second with US$24.33 Bn and 29.8% market share, followed by Vanguard with US$7.07 Bn and 8.6% market share. The top three ETF/ETP providers, out of 17, account for 86.3% of Canadian ETF/ETP assets.

Mirae Horizons gathered the largest net ETF/ETP inflows in September with US$637 Mn, followed by First Asset with US$419 Mn and BMO AM with US$320 Mn net inflows.

YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$4.85 Bn, followed by Vanguard with US$1.85 Bn and Mirae Horizons with US$1.35 Bn net inflows.

Source: ETFWorld.com

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