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Canadian ETFs saw net outflows in June, says ETFGI

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ETF data provider ETFGI reports that ETFs and ETPs listed in Canada experienced net outflows of USD328 million during June 2018. 

This marks the first month of negative flows since September 2017, coinciding with the net outflows that occurred this month for ETFs and ETPs listed in the US. 

ETFs and ETPs listed in Canada experienced net outflows of USD328 million during June 2018, marking the first month of negative flows since September 2017.

ETF/ETP assets have decreased by 1.35 per cent during June to USD120 billion.

Active products gathered the largest net inflows during June with USD466 million, while equity ETFs/ETPs experienced the largest net outflows with USD865 million. 

Year-to-date through end of June, ETFs/ETPs listed in Canada have seen net inflows of USD7.64 billion. Equity and active products gathered the largest net inflows year-to-date with USD4.03 billion and USD3.87 billion respectively, while leveraged ETFs/ETPs experienced the largest net outflows with USD218 million.

At the end of June 2018, the Canadian ETF/ETP industry had 613 ETFs/ETPs, with 734 listings, assets of USD120 billion, from 28 providers on two exchanges. ETF/ETP assets have decreased by 1.35 per cent from USD121 billion at the end of May, and increased by 2.26 per cent year-to-date from USD117 billion at the end of 2017.

ETFGI reports that investors have tended to invest in Dividend and Market cap ETFs during 2018, with the BMO Europe High Dividend Covered Call ETF (ZWP CN) and BMO S&P/TSX Capped Composite Index ETF (ZCN CN) capturing flows of USD860 million and USD463 million, respectively. A high proportion of net inflows year-to-date can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD5.26 billion.

 

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