ETFGI reports that the ETF industry in Canada garnered net inflows of US$66 million in January 2023

LONDON — February 17, 2023— ETFGI, a leading independent research and advisory firm covering trends in the global ETF ecosystem, today announced that the ETF industry in Canada garnered net inflows of US$66 million in January. During the month, assets invested in the ETF industry in Canada increased by 7.0%, from US$250 billion at the end of December to US$268 billion, according to ETFGI’s report on the Canadian ETF and ETP industry landscape January 2023, the monthly report which is part of an annual paid research subscription service. (All dollar values ​​are in USD unless otherwise specified.)

Strong points

• The ETF industry in Canada garnered net inflows of $66 million in January.
• 7^e months of consecutive net inflows.
• $268 billion in assets invested in the ETF industry in Canada as of the end of January.
• Assets rose 7.0% in January, from $250 billion at the end of 2022 to $268 billion.

“The S&P 500 rose 6.28% in January. Developed markets outside the United States rose 8.27% in January. Italy (+14.52%) and the Netherlands (+14.47%) recorded the highest increases among developed markets in January. Emerging markets rose 6.66% in January. Mexico (up 16.53%) and the Czech Republic (up 16.46%) recorded the largest increases among emerging markets in January. According to Deborah Fuhr, Managing Partner, Founder and Owner of ETFGI.

The ETF industry in Canada had 1,062 products, with 1,349 listings, listed assets of $268 billion, from 42 providers on 2 exchanges at the end of January.

During the month of January, Canadian-listed ETFs garnered net inflows of $66 million. Equity ETFs recorded net outflows of $537 million in January, while in January 2022 they garnered $3.49 billion in net inflows. Bond ETFs recorded net outflows of $416 million in January, while in January 2002 they recorded net inflows of $68 million. Active ETFs attracted net inflows of $845 million during the month, slightly lower than the $904 million in net inflows in January 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $2.34 billion in January. CI High Interest Savings ETF (CSAV CN) raised $390 million, the largest individual net inflow.

Investors tended to invest in active ETFs in January.

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