Canada ETF inflows surged to all-time high in November

Year-to-date inflows exceeded the total inflow record set at the end of 2019

Canada ETF inflows surged to all-time high in November

Canada’s ETF industry reached an all-time high on two fronts in November, setting a new record for inflows just as it surpassed a key milestone in listings.

According to new statistics from ETFGI, Canada-listed ETFs saw net inflows of US$2.27 billion in November, which brought year-to-date inflows to US$28.25 billion. That comfortably exceeded the whole-year record of inflows set in 2019, which was US$20.93 billion.

Those inflows contributed to November’s new high of US$192.30 billion in Canadian ETF assets, which was 10.4% more than the US$174.12 billion at the end of October.

“During November the S&P 500 gained 11 per cent, vaccine and US election news boosting optimism which contributed to the best month since April,” said ETFGI managing partner, founder, and owner Deborah Fuhr.

Global equities advanced 12.8% – the highest monthly return since the turn of the century, according to Fuhr – with all 50 countries tracked going up for the month as successful COVID-19 candidate vaccines raised hopes that the pandemic will be overcome. 

According to ETFGI, Canada’s ETF industry had 850 ETFs from 39 providers, with 1,032 listings on two exchanges as of the end of November.

Equity ETFs saw net inflows of US$1.21 billion last month, resulting in net inflows of US$13.67 billion for the year to November.

Active strategies saw net inflows of US$489 million over the month, bringing net inflows for the year up to November up to US$8.85 billion.

Fixed-income ETFs, meanwhile, saw net inflows of US$397 million during November, which brought net inflows for the year up to that point to US$4.47 billion.

Inflows were concentrated substantially into the top 20 ETFs by net new assets, which all together took in US$1.78 billion last month.


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