This article appears in the Mid-November 2020 issue of Investment Executive. Subscribe to the print edition, read the digital edition or read the articles online.
The ETF market has diversified significantly in recent years. Inflows and assets under management have increased, propelled by interest from both retail and institutional investors. The number of ETF manufacturers also has increased, reducing the dominance of the largest players
Big players becoming less dominant
Manufacturer market share as measured by assets traded on a Canadian stock exchange
Click image for full-size chart
Net creations diversify
Canadian ETF positive net creations by issuer (as a % of net industry creations)
Click image for full-size chart
Low-cost funds are in demand
Market share of Canadian and U.S. ETFs by management expense ratio (MER) as of May 31, 2020
Click image for full-size chart
Rise of the robo-advisors
Assets held by Canadian retail investors in ETFs listed on a Canadian or foreign stock exchange, by distribution channel
Click image for full-size chart
Institutional market share growing
Assets held by Canadian investors in ETFs listed domestically or on a foreign exchange by type of investor
Click image for full-size chart
Non-traditional categories have their price
Average asset-weighted management expense ratio (MER) for Canadian and U.S. ETFs by category as of May 31, 2020
Click image for full-size chart
