ETF Trends
ETF Trends

Assets invested in exchange traded funds (ETFs) and exchange traded products (ETPs) listed in Canada reached a new record high US$79.42 billion at the end of June 2016, according to preliminary data from ETFGI’s June 2016 global ETF and ETP industry insights report.

Record levels of assets were also reached at the end of June for ETFs/ETPs listed globally at US$3.177 trillion, in the United States at US$2.256 trillion and in Japan which reached US$147.67 billion.

At the end of June 2016, the Canadian ETF industry had 422 ETFs, with 574 listings, assets of US$79.42 billion, from 16 providers listed on two exchanges.

Related: A Look at Canada as a Climbing Commodity Currency

Deborah Fuhr, managing partner at ETFGI, said markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the UK’s June 23 vote. 

“Volatility was up significantly during the month,” Fuhr said. “The S+P 500 index was up just 0.3%. Emerging markets were up 3.94% while developed markets ex-US declined 2.87%.There is still uncertainty in the markets due to questions on when and how Brexit changes will be implement and the many changes happening in UK political parties.”

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In June 2016, ETFs/ETPs listed in Canada gathered net inflows of US$1.96 billion. Fixed income ETFs/ETPs gathered the largest net inflows with US$1.36 billion, followed by equity ETFs/ETPs with US$632 million, while commodity ETFs/ETPs experienced net outflows of US$18 million.

YTD through end of June 2016, ETFs/ETPs listed in Canada have gathered a record level of US$8.33 billion in net inflows surpassing the prior record of US$7.08 billion collected YTD in 2012. Equity ETFs/ETPs gathered the largest and a YTD record level of US$4.23 billion in net inflows, followed by fixed income ETFs/ETPs which have gathered a record level of US$3.52 billion YTD in net new assets, and commodity ETFs/ETPs which have gathered a record YTD US$139 million in net inflows.

Related: U.S. Commodity Funds Planning Canadian Crude ETF

BMO AM gathered the largest net ETF/ETP inflows in June with US$945 million, followed by Vanguard with US$433 million and iShares with US$369 million net inflows.

YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with US$4.14 billion, followed by Vanguard with US$1.39 billion and iShares with US$1.39 billion net inflows.

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