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Assets in Canadian ETFs reach new record level


ETF data provider ETFGI reports that assets invested in ETFs/ETPs listed in Canada reached a new record of USD90.61 billion at the end February 2017 surpassing the prior record of USD88.84 billion set at the end of January 2017.

The firm writes that 27 years ago on March 9th, 1990 the first ETF was listed in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF was listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.

ETFs/ETPs listed in Canada gathered a record level USD2.09 billion of net new assets for February marking the fifth consecutive month of net inflows. At the end of February 2017, the Canadian ETF industry had 474 ETFs, with 642 listings, assets of USD91 billion, from 19 providers on two exchanges.
Year to date, net inflows stand at USD3.35 billion. At this point last year there were net inflows of USD1.35 billion. Equity ETFs/ETPs saw net inflows of USD1.27 billion in February, bringing year to date net inflows to USD1.88 billion, which is greater than the net inflows of USD175 million over the same period last year.

Fixed income ETFs and ETPs experienced net inflows of USD371 million in February, growing year to date net inflows to USD723 million, which is less than the same period last year which saw net inflows of USD1.05 billion.
Commodity ETFs/ETPs accumulated net inflows of USD19 million in February. Year to date, net inflows are at USD10 million, compared to net outflows of USD5 million over the same period last year.
BMO AM gathered the largest net ETF/ETP inflows in February with USD927 million, followed by iShares with USD436 million and Vanguard with USD239 million net inflows. YTD, BMO AM gathered the largest net ETF/ETP inflows YTD with USD1.53 billion, followed by iShares with USD535 million and Vanguard with USD480 million net inflows.

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