Canadian ETF Assets Have Soared For 2009
“Assets held in Canadian-listed exchange-traded funds soared by 49% in the first nine months of this year, according to data compiled by the dominant firm, Barclays Global Investors Canada Ltd. Canadian ETF assets totalled $28.8 billion at the end of September, up from $19.4 billion at the end of 2008. Barclays estimated that $5.9 billion of the year-to-date growth in assets was attributable to net new assets,” Rudy Luukko Reports From Morningstar.
“Barclays notes that it currently holds an 80.4% share of the ETF market in Canada, with $23.2 billion in assets. Its funds include the $10-billion iShares CDN LargeCap 60 Index , which is by far the largest of the 97 ETFs listed in Canada at the end of September,” Luukko Reports.
According to Barclays’ data, about $12.1 billion of ETF assets are held in diversified domestic equity funds, constituting 42% of all assets in Canadian-listed ETFs. Fixed income ETFs are the second largest asset class, with $5.1 billion in assets, of which $2.4 billion are net new assets in the year to date, Barclays said.
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