ETF market grew in 2013

Canadian ETFs performed well last year, says National Bank’s Pat Chiefalo in a recent report.

Along with research associates Daniel Straus and Ling Zhang, he found ETFs posted $5 billion of inflows, or 9% growth, over the course of 2013. In Canada, there are now $63.1 billion in assets in total, compared to $56.4 billion in 2012 and $43 billion in 2011.

Read: Canadian ETFs flat in November

The report says, “The headwinds for Canadian equity…[along with] fixed income cross-currents and a gold meltdown put the market behind 2012’s record-shattering inflow of $12.1 billion. Nevertheless, the…interest in Canadian ETFs continues to climb.”

Equity attracted the most assets, up $2.7 billion. In previous years, fixed-income funds led flows, but this year, those funds still managed to pull in $2.3 billion in growth, or 11%.

Due to struggling commodities, resource ETFs such as gold funds “suffered consistent redemptions all year long.” Read more on key trends and on which providers outperformed.

Read:

ETFs prominent at Cdn investment awards

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.