Newly released figures from the Canadian ETF Association show the industry climbing higher
The steady increase in Canada’s ETF industry is showing no signs of stopping.
According to the latest monthly industry report from the Canadian ETF Association (CETFA), assets invested in Canadian ETFs reached $141.3 billion as of Oct. 31. Those assets were spread over 550 funds among 27 sponsors.
There was a reported $2.7 billion worth of net creations in October — a welcome recovery from the previous month, during which creations crashed to -$0.1 billion, based on the association’s figures.
Broken down by asset category, fixed-income ETFs comprised 29.1% of the market, split into investment-grade (25.3%) and high-yield (3.8%) segments.
Equity ETFs, meanwhile, took the lion’s share with 68.6%; Canadian equity ETFs took the biggest share (27.6%), followed by US-based products (17.8%) and international strategies (9.4%). The rest of the equity categories were divided into emerging markets, North America, Europe, global markets, and specific sector exposures.
The remaining sliver of the industry, amounting to 2.3%, was shared by commodity ETFs, multi-asset class ETFs, and currency ETFs.
BlackRock Canada retained its supremacy over the Canadian ETF space, with some $58 billion in assets across 114 ETFs. BMO Asset Management came second with around $45 billion over 81 ETFs, and Vanguard Canada was a distant third with roughly $13 billion over 33 ETFs.
Looking at the top 20 largest ETFs in terms of assets, there were 10 from BlackRock Canada’s iShares line, eight from BMO, and two from Horizons ETFs.
Related stories:
Are ETFs taking the shine off Canadian gold stocks?
What does increased competition mean for Canada's ETF market?
According to the latest monthly industry report from the Canadian ETF Association (CETFA), assets invested in Canadian ETFs reached $141.3 billion as of Oct. 31. Those assets were spread over 550 funds among 27 sponsors.
There was a reported $2.7 billion worth of net creations in October — a welcome recovery from the previous month, during which creations crashed to -$0.1 billion, based on the association’s figures.
Broken down by asset category, fixed-income ETFs comprised 29.1% of the market, split into investment-grade (25.3%) and high-yield (3.8%) segments.
Equity ETFs, meanwhile, took the lion’s share with 68.6%; Canadian equity ETFs took the biggest share (27.6%), followed by US-based products (17.8%) and international strategies (9.4%). The rest of the equity categories were divided into emerging markets, North America, Europe, global markets, and specific sector exposures.
The remaining sliver of the industry, amounting to 2.3%, was shared by commodity ETFs, multi-asset class ETFs, and currency ETFs.
BlackRock Canada retained its supremacy over the Canadian ETF space, with some $58 billion in assets across 114 ETFs. BMO Asset Management came second with around $45 billion over 81 ETFs, and Vanguard Canada was a distant third with roughly $13 billion over 33 ETFs.
Looking at the top 20 largest ETFs in terms of assets, there were 10 from BlackRock Canada’s iShares line, eight from BMO, and two from Horizons ETFs.
Related stories:
Are ETFs taking the shine off Canadian gold stocks?
What does increased competition mean for Canada's ETF market?
