This week saw publication of the Special Report for our inaugural ETF Express Canadian awards, featuring State Street, CIBC Mellon and the National Bank of Canada. “Innovative and interesting” best describes the Canadian ETF market, with its claim to fame of having invented the ETF, and being the first to a psychedelic ETF, the first crypto-asset ETFs and the world’s first covered-call ETFs.
Read the Canadian ETF Awards Special Report here:
Celebrating the winners in the ETF Express Canadian Awards 2023
Those digital ETPs have had a busy time again this year, with digital investment analysts Fineqia reporting that ETPs with digital assets as underlying collateral, enjoyed a 76 per cent growth in total AUM in the year-to-date period amid renewed interest by investors. DAR, also reporting on digital assets, found that from May to June, three had a significant month over month increase: ETC Group Physical Bitcoin ETF +46.67 per cent; Evolve Bitcoin ETF +43.24 per cent and Purpose Bitcoin ETF +37.95 per cent.
June has been the biggest month for ETF inflows globally, according to BlackRock. iShares by BlackRock reports that USD98.3 billion was added to global ETPs in June – the highest inflow month in 2023, up from USD78.0 billion in May. This takes H1 ETP flows to USD375.9 billion, versus USD301.4 billion over the same period last year. Meanwhile, Europe has seen equity ETFs’ assets top EUR1 trillion for the first time, according to LSEG Lipper.
ETF promoters in Europe enjoyed estimated net inflows (+EUR11.5 billion) for June 2023, the firm says. Assets under management in the European ETF industry increased over the course of June to EUR1,407.7 billion, while equity ETFs (+EUR6.2 billion) posted the highest estimated net inflows in the European ETF industry for June.
July, and the onset of the summer lull, might see a different picture. On that note, ETF Express is taking a little summer break of its own – there will be no newsletters until we return on the 11th of August, when we will be gearing up for the opening of the nominations for the ETF Express US awards, 2023. The website will continue to be updated daily over this period, so keep reading for new launches, news and our summer interviews.