ETFGI’s analysis finds ETFs and ETPs listed in Canada gathered US$1.4 billion in net new assets in July and YTD have gathered US$4.2 billion, which has pushed assets in Canadian listed ETFs/ETPs to US$65.9 billion, a new record high at end of July 2014.
The Canadian ETF/ETP industry had 312 ETFs/ETPs, with 432 listings, from 9 providers listed on 1 exchange, according to preliminary data from ETFGI’s end July 2014 Global ETF and ETP industry insights report.
The ETF/ETP industries in Europe, in Japan and globally have gathered record levels of YTD NNA at US$42.7 billion, US$14.9 billion and US$160.5 billion, respectively. New record highs in assets were reached at the end of July by ETF/ETP industries in Canada with US$66 billion, Asia Pacific (ex-Japan) with US$103 billion and Japan with US$91.5 billion.
"In July investors invested the majority of new money into equity exposures as investor confidence was positive through most of month. The S&P 500 hit an all-time high during July but ended the month down 1% as market were rattled at the very end of the month by the situations in the Ukraine and Gaza and a poor start to the U.S. earnings season.
Developed markets outside the US ended the month down 2%, while emerging markets gained 2%, Asia was up 5% and frontier markets were up 4% in July." according to Deborah Fuhr, Managing Partner at ETFGI.
In July 2014, ETFs/ETPs saw net inflows of US$1.49 billion. Equity ETFs/ETPs gathered the largest net inflows with US$1.22 billion, followed by fixed income ETFs/ETPs with US$233 million, and commodity ETFs/ETPs with net inflows of US$4 million.
BMO AM gathered the largest net ETF/ETP inflows in July with US$877 million, followed by iShares with US$320 million and Vanguard with US$108 million net inflows.