ETFs keep attracting record inflows

Article Excerpt

In 2020, ETFs continued to attract new money at a rapid pace, with almost $33 billion in inflows through the end of November. That should lead to a record year of inflows, beating the previous record of $30 billion set in 2019. Canada now has 39 ETF sponsors who manage 846 distinct ETFs with $250 billion in assets. RBC iShares retains itsleading position with a 32% market share. However, BMO is catching up and now has a 30% share. Meanwhile, Vanguard, Horizons, CI First Asset, and Mackenzie all experienced strong new money inflows. In the U.S., net inflows to the end of November amounted to $509 billion—that’s also on track to set a new annual record. U.S. stocks have been strong since bottoming out in March, and investors have added $187 billion to U.S. equity ETFs through the end of November. That’s comparable to inflows of $177.8 billion for U.S. fixed-income ETFs. The U.S. now has 151 ETF sponsors managing 2,352 ETFs with…