The Canadian exchange-traded fund (ETF) industry had significant growth in 2014, doubling 2013’s inflows with more than $10.3 billion last year, according to BMO Global Asset Management’s 2015 ETF Outlook Report.
Equity ETFs had $5.8 billion in inflows, and fixed income ETFs had more than $4.3 billion.
Read: Top ETF stories of 2014—and what they mean for 2015
At the end of 2014, the Canadian ETF industry’s assets under management (AUM) stood at $76.8 billion, up 21.7% over year-end 2013. There are now 360 ETFs listed in Canada, compared to slightly more than 100 ETFs five years ago.
The U.S. ETF market achieved a significant milestone last year, with more than US$2 trillion in AUM at year-end—17.8% higher than the previous year. More generally, the global ETF industry reached a record AUM of US$2.7 trillion invested in more than 5,000 ETFs across 49 countries.
This story originally appeared on our sister site, Advisor.ca.
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