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Assets invested in ETFs listed in Canada reached USD121bn at the end of November 2018

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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported that assets invested in ETFs listed in Canada reached USD121 billion at the end of November 2018, an increase of 1.2 per cent from USD120 billion at the end of October, according to figures released by ETFGI.

“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04 per cent over the month bringing the year-to-date gain to 5.11 per cent. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains. The S&P developed ex-US BMI was up 0.17 per cent in November with year-to-date declines of 9.66 per cent. EM and FM bounced back from the October fall, finishing up 4.61 per cent and 1.94 per cent respectively, softening year-to-date declines to 11.2 per cent and 9.0 per cent,” says Deborah Fuhr, managing partner and a founder of ETFGI.
 
According to ETFGI’s November 2018 Canadian ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs listed in Canada regained some of the ground lost during September/October, when assets fell from a record high of USD131 billion at the end of August. Year-to-date, assets have increased by 3.5 per cent, from USD117 billion at the end of 2017. At the end of November, the Canadian ETF industry had 659 ETFs, with 793 listings, from 33 providers on 2 exchanges.
 
In November 2018, ETFs listed in Canada saw net inflows of USD1.60 billion. Equity products gathered the largest net inflows with USD931 million, while fixed income ETFs experienced the largest net outflows with USD188 million. Year-to-date through end of November, ETFs have seen net inflows of USD14.0 billion. Equity products gathered the largest net inflows with USD7.08 billion, while leveraged ETFs experienced the largest net outflows with USD175 million. During November, the top 20 ETFs collectively gathered USD1.97 billion in net new assets.
 

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