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Canadian ETF and ETP assets reach new record of USD139.10 billion at the end of July 2019

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Assets invested in the Canadian ETFs and ETPs industry reached a new record of USD139.10 billion at the end of July, according to ETFGI’s July 2019 Canadian ETF and ETP industry landscape insights report. 

ETFs and ETPs listed in Canada saw net inflows of USD1.43 million in July, bringing year-to-date net inflows to USD9.00 billion. Assets invested in the Canadian ETF/ETP industry have increased by 0.7 per cent, from USD138.12 billion at the end of June, to a new high of USD139.10 billion.

“The S&P 500® gained 1.4 per cent in July, as strong earnings combined with signs of economic growth and expectations of a rate cut by the Federal Reserve supported equity gains,” says Deborah Fuhr, managing partner, founder and owner of ETFGI. “International markets posted losses, with the S&P Developed Ex-U.S. and the S&P Emerging BMI both down 1 per cent, with headwinds including US dollar strength. Boris Johnson began his term as UK Prime Minister with demands for a renegotiation of the EU withdrawal agreement, issuing a threat to otherwise leave without one. Pound sterling fell to near its lowest in two years.”

At the end of July 2019, the Canadian ETF/ETP industry had 722 ETFs/ETPs, from 38 providers listed on two exchanges.

Following net inflows of USD1.43 million and market moves during the month, assets invested in the Canadian ETF/ETP industry increased by 0.7 per cent from USD138.12 billion at the end of June, to USD139.10 billion in July 2019.
 
Equity ETFs/ETPs saw outflows of USD237 Mn in July, bringing net inflows for 2019 to USD1.06 Bn, compared to the USD4.19 Bn in net inflows equity products had attracted by the end of July 2018. Fixed income ETFs/ETPs attracted net inflows of USD782 million in July, bringing net inflows for 2019 to USD2.78 billion, considerably greater than the USD127.00 million in net inflows fixed income products had attracted by the end of July 2018.
 
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered USD1.74 billion in July, the BMO Long Federal Bond Index ETF (ZFL CN) gathered USD286.01 million alone.
 
Investors have tended to invest in Active/Fixed Income ETFs in July.

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