Canadian ETF inflows hit $137.9B year-to-date as market tops $920B
Product development showed no signs of slowing. CIBC Global Asset Management launched three Avantis CIBC ETFs (trading under the tickers CAKE, CAGR, and CAGX) at a management fee of 0.28 per cent. BMO Asset Management added an Asset-Backed Securities ETF (ZABS) at 0.45 per cent.
On the filing front, 1832 Asset Management submitted plans for Dynamic Systematic ETFs and Scotia asset-allocation ETF portfolios, while Global X filed for PowerStock ETFs designed to deliver 1.33x leveraged exposure. Lysander Funds also filed for the Lysander-Triasima Canadian Equity Fund (LTCE), a 0.6 per cent fee active product.
Market concentration and the fee story
RBC iShares continued to lead the industry across the key measures, capturing $38.8 billion in year-to-date inflows and holding $258.5 billion in total assets under management. Vanguard Canada ranked second by flows at $20.4 billion, while BMO Asset Management placed third at $13.5 billion.
The bulk of 2026 inflows have flowed into low-cost products, with the majority of new money landing in ETFs with management fees below 0.30 per cent. TD Securities projected RBC iShares to generate the largest ETF revenue in the industry for the year.
