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Canadian ETF assets hit new record of USD203.04bn at the end of January 2021

Assets invested in ETFs listed in Canada reached a new record of USD203.04 billion at the end of January, according to ETFGI’s January 2021 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service.

ETFs listed in Canada gathered net inflows of USD2.77 billion during January which is less than the USD3.17 billion gathered in January 2020. ETF assets in Canada have increased by 0.5 per cent from USD202.07 billion in December 2020 to USD20.04 billion.

“The S&P 500 posted a loss of 1 per cent for January due to the sell-off during the last week of the month,” according to Deborah Fuhr, managing partner, founder and owner of ETFGI. “Small and mid-cap stocks outperformed in January, with the S&P Mid-Cap 400 and the S&P SmallCap 600 up 2 per cent and 6 per cent, respectively. Slower-than-expected Covid-19 vaccine distribution affected global impacted equities globally. The Developed markets ex-US ended the month down 1 per cent while Emerging markets were up 3 per cent for the month.“

The Canadian ETF/ETP industry had 868 ETFs/ETPs, with 1,059 listings, assets of USD203Bn, from 39 providers listed on 2 exchanges at the end of January.

Equity ETFs/ETPs gathered net inflows of USD1.12 Bn during January, which is higher than the USD800 million in net inflows equity products attracted in January 2020. Fixed income ETFs/ETPs had net inflows of USD839 million during January, which is lower than the USD1.11 billion in net inflows fixed income products attracted in January 2020. Commodity ETFs/ETPs saw net outflows of USD30 Mn in January which is less than the net inflows of USD31 million over the same period in 2020.  Active ETFs/ETPs attracted net inflows of USD740 million over the month, which is lower than the USD1.16 Bn in net inflows active products reported in January 2020.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD2.25 Bn during January. Horizon S&P/TSX 60 Index ETF – Acc (HXT CN) gathered USD361.55 million.

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