Canadian ETFs and ETPs gathered USD455m in net inflows in April
ETFs listed in Canada gathered USD455 million in net inflows during April, bringing year-to-date net inflows to USD12.57 billion, which is significantly more than the USD4.50 billion gathered year-to-date in 2019.
In the month, Canadian ETF assets increased by 1.5 per cent, from USD144.18 billion at the end of March to USD146.39 billion. At the end of April 2020, the Canadian ETFs/ETPs industry had 785 ETFs/ETPs, with 951 listings, from 40 providers on two exchanges according to ETFGI's April 2020 Canada ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.
“During April, driven by fiscal stimulus and the apparent slowing of the spread of COVID-19 despite the S&P 500 gained 12.8 per cent, the biggest monthly gain in 33 years, with information technology stocks showing the largest gains," says Deborah Fuhr, managing partner and founder and owner of ETFGI. "Outside the US, International markets also recovered, with the S&P Developed Ex-US BMI and S&P Emerging BMI up 8 per cent and 10 per cent, respectively.”
ETFs and ETPs listed in Canada gathered net inflows of USD455 million in April. Year to date, net inflows stand at USD12.57 billion which is significantly more than the net inflows of USD4.50 billion gathered at this point in 2019.
Equity ETFs/ETPs gathered net inflows of USD243 million in April, bringing year to date net inflows to USD7.01 billion, which is greater than the net inflows of USD769 million over the same period last year. Fixed income ETFs and ETPs experienced net outflows of USD409 million in April, reducing year to date net inflows to USD1.26 billion, which is slightly more than the same period last year which saw net inflows of USD1.11 billion. Commodity ETFs/ETPs accumulated net inflows of USD117 million in April taking year to date, net inflows to USD207 million, compared to net inflows of USD1 million over the same period last year.
Active ETFs/ETPs gathered net inflows of USD373 million during April, bringing year to date net inflows to USD3.89 billion, which is significantly higher than the USD2.57 billion in net inflows Active products had attracted at this point in 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets NNA, which collectively gathered USD1.82 billion at the end of April, BMO MSCI EAFE Index ETF (ZEA CN) gathered USD332.35 million alone.