Notable 2016 Developments: iShares announces launch set for Q1, 2017, of a suite of Actively Managed ETFs, in – partnership with Dynamic Funds BMO ETFs continues to capture a disproportional share of net inflows claiming close to 48 – – cents of every $ finding its way into ETFs in 2016. Vanguard launched Global Factor ETFs, broadening the firm’s offering beyond traditional – market capitalization weighted indices into what it sees as Actively managed strategies Horizons ETFs Continues to lead the way in the Actively Managed ETF category, its Assets – under Management crossed the $3 Billion mark in 2016. Signalling the important shifts anticipated in 2017 on the regulatory front in terms of embedded compensation, Horizons announced the orderly winding down of the Advisor Class category by the end of April 2017. Amongst Tier 2 Providers, First Asset, in the aftermath of its acquisition by CI meaningfully extended its push into Actively Managed ETFs, while RBC GAM ETFs put up its own actively managed ETF, in the Preferred Shares category. In the Tier 3 arena Questrade slashed Management fees across its Sector ETFs, Mackenzie – launched what could be considered a factor Maximum Diversification, and TD “distinct” – rejoined the providers’ ranks it had abandoned about 10 years earlier. With Tier 3 challenged to generate sales access to distribution in 2017 again should prove the critical differentiator , – giving TD and Mackenzie a significant edge over its counterparts in the group. Industry Growth: 2000-2016: Top 10 ETFs in Canada as at December 31, 2016:
Notable 2016 Developments: iShares – announces launch set for Q1, 2017, of a suite of Actively Managed ETFs, in partnership with Dynamic Funds BMO ETFs – continues to capture a disproportional share of net inflows – claiming close to 48 cents of every $ finding its way into ETFs in 2016. Vanguard – launched Global Factor ETFs, broadening the firm’s offering beyond traditional market capitalization weighted indices into what it sees as Actively managed strategies Horizons ETFs – Continues to lead the way in the Actively Managed ETF category, its Assets under Management crossed the $3 Billion mark in 2016. Signalling the important shifts anticipated in 2017 on the regulatory front in terms of embedded compensation, Horizons announced the orderly winding down of the Advisor Class category by the end of April 2017. Amongst Tier 2 Providers, First Asset, in the aftermath of its acquisition by CI meaningfully extended its push into Actively Managed ETFs, while RBC GAM ETFs put up its own actively managed ETF, in the Preferred Shares category. In the Tier 3 arena – Questrade slashed Management fees across its Sector ETFs, Mackenzie launched what could be considered a “distinct” factor – Maximum Diversification, and TD rejoined the providers’ ranks it had abandoned about 10 years earlier. With Tier 3 challenged to generate sales – access to distribution in 2017 again should prove the critical differentiator , giving TD and Mackenzie a significant edge over its counterparts in the group. Industry Growth: 2000-2016: Top 10 ETFs in Canada as at December 31, 2016:
1483969095_ETFsin%20Canada%20in%202016.docx