There are 36 ETF providers in Canada with 861 ETFs (+147 YoY) that have combined AuM of CAD 188B (+15% YoY).
We estimate investors traded CAD 7.8B in Canadian ETFs last week (with broad market ETFs, led by XIU [CAD 1,189M], XIC [CAD 389M], HXT [CAD 248M], and XSP [CAD 237M], being the most actively traded).
Investors put money into fixed income ETFs (with CAD 523M of inflows) and equity ETFs (with CAD 448M of inflows). Overall, Canadian ETFs had CAD 954M (+0.5% of AuM) in net creations last week.
Investors favored low volatility, growth, and thematic in the equity space, target date, inflation protected, ultra-short and investment grade in the fixed income space, and crude oil, natural gas and silver in the commodity space.
CIBC AM and TD AM gained the most market share last week with the largest inflows (as % of AuM) at the provider level.
New this week: AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL) and AGFiQ US Long/Short Dividend Income CAD-Hedged (QUDV) were listed on October 3, 2019 and will begin trading this week.
Sources: Scotiabank GBM estimates and Bloomberg Finance LP.
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