The recently released first Quarterly ETF Asset Flow Report (not available online) by the Canadian ETF Association (CETFA) shows some interesting trends. The industry is growing strongly with total net sales across all ETF providers of $2.77 billion. The number of ETFs is also exploding: 18 new ones were introduced during the last quarter alone bringing the total up to 213. So far this year, the most popular ETF categories have been Canadian fixed income, Speciality and Sector Equity. Surprisingly, despite the volatility in the stock markets, Canadian equity remained popular and ranked #4 in net sales. Here are some highlights from the report (Note that net creation refers to the creation of new ETF units):
Total Number of ETF Providers: 7 (iShares, Claymore, HBP, BMO, PowerShares, XTF and RBC)
Total Number of ETFs: 213
Number of new ETFs Launched in Q3-2011: 18
Total AUM with all ETF Providers: $39.668 billion
Largest ETF Provider: iShares (AUM of $27.045 billion)
Total net creations by all ETF providers YTD: $4.95 billion
Largest ETF Provider by net creations YTD: BMO
Top ETF by net creation YTD: BMO Covered Call Canadian Banks ETF (ZWB)
Largest ETF by AUM: iShares S&P/TSX 60 Index Fund (XIU), $10.505 billion
XIU’s share of the entire ETF industry: 26%
Second Largest ETF by AUM: iShares DEX Short Term Bond Index Fund (XSB), 2.06 billion
