Assets invested in ETFs/ETPs listed in Canada have jumped 25.3% year to date to reach to US$81bn at the end of July 2016, according to data released by independent research and consultancy firm ETFGI.
The Canadian ETF industry had 430 ETFs, with 585 listings, assets of US$81bn, from 17 providers listed on two exchanges, according to ETFGI’s July 2016 global ETF and ETP industry insights report.
In Canada, net inflows from ETFs/ETPs were $180m at the end of July, which is the 21st consecutive month of net inflows.
Commodity ETFs/ETPs brought net inflows of $66m, and fixed income ETFs/ETPs brought $32m. Equity ETFs/ETPs reported $75m in net outflows.
Assets invested in ETFs/ETPs listed globally reached $3.343 trillion during this period. In the US, Europe, and Japan, the assets reached $2.367 trillion, $539.16bn and $191.82bn respectively.
ETFGI managing partner Deborah Fuhr said: “Investor confidence returned during July after the surprising result of June’s Brexit vote. The S&P 500 was up 3.7% in July. Developed markets outside the U.S. gained 5.1% and emerging markets were up 4.8%."