Canada ETF flows and assets reach all-time high at the end of November

ETFs listed in Canada gathered net inflows of USD2.27 billion during November, bringing year-to-date net inflows to a record level USD28.25 billion, surpassing the prior record of USD20.93 billion set at the end of 2019.   

Canadian ETF assets increased by 10.4 per cent, from USD174.12 billion at the end of October to USD192.30 billion at the end of November, according to ETFGI's November 2020 Global ETFs and ETPs industry landscape insights report, a monthly report that is part of an annual paid-for research subscription service. 

“During November the S&P 500 gained 11 per cent, vaccine and US election news boosting optimism which contributed to the best month since April," says Deborah Fuhr, managing partner, founder and owner of ETFGI. "Developed markets outside the US, had a very strong month up 15.3 per cent, all markets where up over 9 per cent. The S&P Europe 350 had its best month ever. Global equities gained 12.8 per cent in November with all 50 countries up for the month on positive prospects of overcoming Covid. This was the highest monthly return since the turn of the century. Emerging markets gained 8.9 per cent during the month.” 

The Canadian ETF industry had 850 ETFs, with 1,032 listings, assets of USD192.30 billion, from 39 providers listed on 2 exchanges at the end of November 2020.

Equity ETFs/ETPs gathered net inflows of USD1.21 billion over November, bringing net inflows for the year to November 2020 to USD13.67 billion, much higher than the USD4.37 billion in net inflows equity products had attracted for the year to October 2019. Active ETFs/ETPs attracted net inflows of USD489 million over the month, gathering net inflows for the year in Canada of USD8.85 billion, lower than the USD7.94 billion in net inflows active products had reported for the year to November 2019. Fixed income ETFs/ETPs had net inflows of USD397 million during November, bringing net inflows for the year to November 2020 to USD4.47 billion, lower than the USD4.55 billion in net inflows fixed income products had attracted by the end of November 2019.    

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD1.78 billion during November. BMO Aggregate Bond Index ETF (ZAG CN) gathered USD266.23 million alone.