Assets invested in ETFs and ETPs listed in Canada have increased 25.3% year to date, to reach a new record of US$81 billion as at the end of July 2016, says ETFGI.
At that time, the Canadian ETF industry had 430 ETFs, with 585 listings and assets of US$81 billion—from 17 providers that are listed on 2 exchanges.
Record levels of assets were also reached at the end of July for ETFs and ETPs listed globally at US$3.343 trillion. In the United States, assets were US$2.367 trillion, while assets were US$539.16 billion in Europe and US$191.82 billion in Japan.
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“Investor confidence returned during July after the surprising result of June’s Brexit vote,” says Deborah Fuhr, managing partner at ETFGI. “The S&P 500 was up 3.7% in July, while developed markets outside the U.S. gained 5.1% and emerging markets were up 4.8%.”
In Canada, commodity ETFs and ETPs led the pack in July as they gathered net inflows of US$66 million. Over the same period, fixed-income ETFs and ETPs gathered US$32 million, while equity funds experienced net outflows of US$75 million.
But equity ETFs and ETPs are in the lead on a global scale, with a record level of net inflows of US$4.15 billion year-to-date. Fixed-income products are next, with US$3.55 billion in net inflows, and those are followed by commodity funds, which have gathered US$205 million in net inflows year-to-date.