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Canadian ETFs and ETPs reach a new record of USD159.58bn at the end of June 2020

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ETFs listed in Canada saw net inflows of USD2.37 billion during June, bringing year-to-date net inflows to USD16.81 billion, significantly higher than the USD7.57 billon gathered at the same point in 2019. At the end of the month, Canadian ETF assets increased by 4.1 per cent, from USD153.29 billion at the end of May to USD159.58 billion a new record high at the end of June. At the end of June 2020, the Canadian ETF industry had 809 ETFs, with 979 listings, assets of USD160 Bn, from 36 providers on 2 exchanges according to ETFGI’s June 2020 Canadian ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. 

In Q2, US equities staged a recovery from the Q1’s decline.  Although Covid cases in the US are still increasing the stimulus from the Fed and Congress, aided the market rebound. During June developed markets outside the US were up 3.44 per cent and up 16.8 per cent in Q2.  In June Hong Kong (up 11.35 per cent), New Zealand (up 10.09 per cent) Netherlands (up 8 per cent) and Germany (up 6.08 per cent) as the top performers. Emerging markets gained 7.6 per cent in June and are up 19.3 per cent in Q2.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Equity ETFs/ETPs gathered net inflows of USD1.19 billion over June, bringing net inflows for the year to June 2020 to USD9.58 billion, much higher than the USD1.29 billion in net inflows Equity products had attracted for the year to June 2019. Active ETFs/ETPs attracted net inflows of USD686 million over the month, gathering net inflows for the year in Canada of USD4.72 billion, greater than the USD4.09 billion in net inflows Active products had reported for the year to June 2019. Fixed Income ETFs/ETPs had net inflows of USD449 million during June, bringing net inflows for the year to June 2020 to USD1.90 billion, slightly lower than the USD2.00 billion in net inflows Fixed Income products had attracted by the end of June 2019.    
 
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD1.98 billion during June. The iShares S&P 500 Index ETF gathered USD238.15 million alone.

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