According to the latest figures from the Canadian ETF Association (CETFA), Canada’s ETF space has grown its assets under management to $160.9 billion as of November 30.
The new figure equates to a respectable 10.4% increase year-on-year, though it doesn’t represent peak AUM for 2018; that was reached in August, for which CETFA reported total industry AUM at $163.7 billion. From that point, the Canadian ETF space saw two months of declines, slipping to $163 billion in September and then to $157.4 billion in October.
A look at the top 20 ETFs by net creations in November offers a more granular perspective on the recovery in the space. The iShares S&P/TSX 60 Index ETF (XIJ), which dominates the Canadian investment landscape as the largest single ETF, saw net creations of $580 million last month, which was more than double the $258 million that materialized in October. The Purpose High Interest Savings ETF (PSA) also saw increased inflows, accelerating from $208 million in October to $285 million in November.
Also among the top five ETFs by net creations in November were the BMO S&P/TSX Capped Composite Index ETF (ZCN) with $228 million, the iShares Canadian Short Term Bond Index ETF (XSB) with $194 million; and the Invesco Long Term Government Bond Index ETF (PGL) with $142 billion.
Investment activity in energy also appeared to rise during November as gas, oil, and energy-sector ETFs broke into the top 20 list for creations. These included:
- BetaPro Crude Oil 2x Daily Bull ETF (HOU), with $111 million in net creations;
- BetaPro Natural Gas -2x Daily Bear ETF (HND), with $87 million;
- iShares S&P/TSX Capped Energy Index ETF (XEG), with $64 million
From the perspective of one-year asset growth, Franklin LibertyShares was first among all providers with an impressive 251.9%. Desjardins Investments followed with 244.7%; PIMCO Canada, which offered just two ETFs as of November, took third place with 237.3% year-on-year growth.
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