Canadian ETF Assets Soar
Canada's ETFs see assets rise like it's 2009.
BY Caroline Cakebread | December 21, 2017
Exchange-traded funds (ETFs) listed in Canada saw a $28.3 billion increase in the first 11 months of 2017, the biggest on record that brings total Canadian ETF assets up to US$113 billion as of the end of November.
London-based ETF research firm ETFGI also reports that, if this trend continues through December, it will be the biggest percentage increase in assets since 2009, the year markets recovered following the 2008 financial crisis. The top five ETFs for net new assets include the BMO Aggregate Bond Index ETF, iShares S&P/TSX Capped Composite Index Fund, iShares Core S&P US Total Market Index ETF, BMO S&P/TSX Capped Composite Index ETF, and BMO MSCI EAFE IMI Index Fund.