Assets in exchange-traded funds available to Canadian investors reached an all-time high of $410.7 billion at the end of January, said a Feb. 19 news release from ETFGI, an independent research and consultancy firm.
The prior record high was $404.6 billion at the end of November. Canadian ETF assets totaled $397.2 billion as of Dec. 31.
In January, the Canadian ETF industry had net inflows of $7.4 billion, including net flows of $2.7 billion for equity ETFs and $539 million for fixed-income ETFs.
A spokesman for ETFGI confirmed that the January net inflow was the highest figure ever recorded in the month of January.
The S&P 500 index increased 2.8% in January, said Deborah Fuhr, managing partner, founder, and owner of ETFGI, in the news release. Developed markets excluding the U.S. rose 4.7%, with Germany (up 9%) and Sweden (up 8.8%) seeing the largest increases among the developed markets in January. Emerging markets increased 0.3%, with Colombia (up 17.3%) and Brazil (up 12.7%) showing the largest gains among emerging markets in the month.
