Bringing you live news and features since 2006 

Income generation continues to be a priority for Canadian ETF users


Canadian fixed income exchange-traded funds (ETF) experienced eight per cent growth in assets under management (AUM) in the second quarter of 2011, including USD633 million in net new assets. Conversely, Canadian equity ETFs experienced an 8 per cent retraction in AUM and USD691 million in net outflows, according to information compiled by the iShares ETF business at BlackRock Asset Management Canada Limited (BlackRock(R) Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc.

“In these uncertain economic times, investors have made income generation a priority and sought the safe harbour of fixed income investments,” says Mary Anne Wiley (pictured), head of iShares distribution, BlackRock Canada.

ETF AUM overall dropped in the second quarter, partly resulting from significant weakness in the equity markets (the S&P(R)/TSX(R) Composite Index returned -5.1 per cent in the second quarter). Total AUM of Canadian ETFs was USD39.7 billion in Q2, compared to USD41.4 billion AUM in Q1, representing a drop of 4 per cent. iShares ETFs continue to be the market leader amongst all the providers with 70.5 per cent of market share and USD28 billion AUM followed by Claymore Investments, Inc. with 15.8 per cent and USD6.3 billion AUM.

“In addition to the outflows we’ve seen for Canadian equities we have seen significant outflows for inverse ETFs in the second quarter,” says Wiley.

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by