ETF data provider ETFGI reports that ETFs and ETPs listed in Canada gathered USD1.41 billion in net inflows in May 2018.
YTD 2018 net inflows are at USD7.97 billion, which is less than the USD9.12 billion in net inflows at this point last year.
Net new assets gathered by ETFs/ETPs listed in Canada were USD1.41 billion in May. ETFGI reports that May 2018 marked the eighth consecutive month of net inflows into ETFs/ETPs listed in Canada.
Assets invested in ETFs/ETPs listed in Canada increased by 1.49 per cent during May from USD119.43 billion in April to USD121.20 billion at the end of May
Assets invested in ETFs/ETPs listed in Canada increased by USD1.77 billion in May 2018. The increase of 1.49 per cent, from USD119.43 billion at the end of April 2018 to USD121.20 billion, also represents the highest monthly growth in assets since February 2018, when assets decreased by 4.06 per cent from USD121.87 billion to USD116.93 billion.
At the end of May 2018, the Canadian ETF industry had 614 ETFs, with 732 listings, assets of USD121.20 billion, from 28 providers on two exchanges.
The majority of the monthly net new inflows can be attributed to the top 20 ETFs by net new assets, ETFGI says, which collectively gathered USD4.91 billion during 2018. The BMO Europe High Dividend Covered Call ETF (ZWP CN) on its own has accounted for net inflows of USD815 million, the firm says.