— As of January 31, 2026 —
In January, the Canadian ETF industry reported AUM of $839 billion. Key inflow categories for the month were Canadian Equity, U.S. Equity and International Equity. BMO reported AUM at $169.5 billion, and the top three selling ETFs were the BMO S&P/TSX Capped Composite Index ETF (ticker: ZCN), the BMO S&P 500 Index ETF (ticker: ZSP) and the BMO Broad Commodity ETF (ticker: ZCOM).*
*Industry figures reported inclusive of ETF of ETFs.
Industry Rankings
AUM is total AUM of all listed ETFs. As such it may include positions held in other investment products, including ETFs.| Provider | AUM [$M] | Market Share [%] | # ETFs | Total Change Month over Month [$M] | Capital Flows Month over Month [$M] | Total Change YTD ($M) | Capital Flows YTD ($M) |
|---|---|---|---|---|---|---|---|
| RBC iShares |
$229,486.3
|
27.4% | 236 |
$12,994.1
|
$8,816.2
|
$75,279.5
|
$8,816.2
|
| BMO |
$169,513.4
|
20.2% | 224 |
$4,260.2
|
$2,330.1
|
$40,109.5
|
$2,330.1
|
| Vanguard |
$136,522.8
|
16.3% | 38 |
$6,246.5
|
$4,303.7
|
$44,536.7
|
$4,303.7
|
| Global X |
$49,783.1
|
5.9% | 156 |
$1,523.3
|
$1,110.5
|
$11,129.7
|
$1,110.5
|
| Fidelity |
$45,184.5
|
5.4% | 59 |
$3,785.9
|
$3,083.4
|
$28,772.0
|
$3,083.4
|
| TD |
$32,366.0
|
3.9% | 52 |
$2,171.8
|
$1,842.8
|
$12,832.6
|
$1,842.8
|
| Mackenzie |
$25,029.4
|
3.0% | 59 |
$911.8
|
$648.1
|
$9,582.8
|
$648.1
|
| CI GAM |
$23,351.5
|
2.8% | 148 |
$437.0
|
$372.5
|
$668.1
|
$372.5
|
| Purpose |
$15,769.7
|
1.9% | 101 |
$32.6
|
-$27.0
|
$3,355.0
|
-$27.0
|
| National Bank |
$13,450.2
|
1.6% | 38 |
-$163.6
|
-$162.5
|
$1,029.7
|
-$162.5
|
| Hamilton |
$13,349.9
|
1.6% | 36 |
$991.5
|
$1,061.3
|
$6,481.0
|
$1,061.3
|
| Desjardins |
$11,421.2
|
1.4% | 27 |
$665.2
|
$484.9
|
$6,898.1
|
$484.9
|
| Invesco |
$10,176.3
|
1.2% | 58 |
$257.9
|
$126.9
|
$2,210.4
|
$126.9
|
| Harvest |
$10,052.6
|
1.2% | 94 |
$402.2
|
$670.8
|
$4,934.8
|
$670.8
|
| CIBC |
$9,518.9
|
1.1% | 46 |
$223.7
|
$147.7
|
$5,170.0
|
$147.7
|
| Scotia |
$8,351.2
|
1.0% | 9 |
$319.6
|
$263.8
|
$5,190.1
|
$263.8
|
| Evolve |
$5,970.9
|
0.7% | 73 |
$81.4
|
$148.4
|
$1,723.8
|
$148.4
|
| Manulife |
$5,826.6
|
0.7% | 42 |
$683.3
|
$535.2
|
$1,949.0
|
$535.2
|
| Dynamic |
$5,517.2
|
0.7% | 33 |
$319.3
|
$283.9
|
$1,676.7
|
$283.9
|
| PIMCO |
$5,060.7
|
0.6% | 9 |
$219.1
|
$208.8
|
$1,825.8
|
$208.8
|
| Templeton |
$2,774.3
|
0.3% | 30 |
$119.4
|
$80.2
|
$839.5
|
$80.2
|
| Brompton |
$1,750.2
|
0.2% | 24 |
$11.4
|
$11.9
|
$565.2
|
$11.9
|
| Picton |
$1,740.2
|
0.2% | 10 |
$21.4
|
$19.8
|
$634.9
|
$19.8
|
| First Trust |
$747.0
|
0.1% | 32 |
$5.1
|
$3.1
|
$171.1
|
$3.1
|
| JPMorgan |
$746.6
|
0.1% | 8 |
$135.7
|
$130.5
|
$746.6
|
$130.5
|
| Guardian |
$709.9
|
0.1% | 23 |
$0.6
|
$3.6
|
$142.2
|
$3.6
|
| Ninepoint |
$700.2
|
0.1% | 22 |
$65.8
|
$36.1
|
$212.0
|
$36.1
|
| 3iQ |
$687.3
|
0.1% | 4 |
-$56.6
|
-$12.4
|
$226.0
|
-$12.4
|
| AGF |
$684.0
|
0.1% | 11 |
$21.9
|
$16.8
|
-$280.9
|
$16.8
|
| Capital Group |
$626.1
|
0.1% | 4 |
$45.6
|
$38.4
|
$626.1
|
$38.4
|
| middlefield |
$517.7
|
0.1% | 6 |
$10.3
|
-$0.1
|
-$21.6
|
-$0.1
|
| LongPoint |
$252.4
|
0.0% | 38 |
-$33.2
|
$7.1
|
$252.4
|
$7.1
|
| IA Clarington |
$227.1
|
0.0% | 9 |
-$2.2
|
-$2.2
|
$75.7
|
-$2.2
|
| Accelerate |
$182.1
|
0.0% | 7 |
$8.2
|
$11.2
|
$97.2
|
$11.2
|
| Mulvihill |
$172.9
|
0.0% | 3 |
$2.1
|
$3.0
|
$20.4
|
$3.0
|
| Bristol Gate |
$148.3
|
0.0% | 3 |
-$2.6
|
-$2.5
|
-$46.2
|
-$2.5
|
| Arrow Capital |
$138.9
|
0.0% | 5 |
-$2.0
|
-$3.2
|
$30.9
|
-$3.2
|
| Lysander |
$123.1
|
0.0% | 4 |
$9.6
|
$9.3
|
$34.1
|
$9.3
|
| Russell |
$92.9
|
0.0% | 4 |
$4.0
|
$1.3
|
$17.3
|
$1.3
|
| Sun Life |
$54.7
|
0.0% | 3 |
$5.9
|
$5.9
|
$54.7
|
$5.9
|
| Quadravest |
$43.2
|
0.0% | 1 |
-$0.4
|
$34.3
|
$22.0
|
$34.3
|
| Rocklinc |
$37.4
|
0.0% | 1 |
$3.5
|
$2.5
|
$37.4
|
$2.5
|
| Tralucent |
$28.8
|
0.0% | 1 |
-$0.4
|
$1.2
|
$9.0
|
$1.2
|
| Forstrong |
$21.2
|
0.0% | 3 |
$1.5
|
$1.2
|
$7.4
|
$1.2
|
| Starlight |
$19.6
|
0.0% | 5 |
-$0.8
|
-$1.1
|
$2.7
|
-$1.1
|
| Corton |
$17.2
|
0.0% | 1 |
-$1.7
|
-$1.8
|
-$6.2
|
-$1.8
|
| Caldwell |
$5.5
|
0.0% | 1 |
-$0.3
|
-$0.4
|
$0.1
|
-$0.4
|
| True Exposure |
$3.4
|
0.0% | 1 |
$-
|
$-
|
$3.4
|
$-
|
| Capstone |
$2.1
|
0.0% | 2 |
$0.1
|
$-
|
$2.1
|
$-
|
Equity Flows
Equity style and geography
Month Over Month
Year Over Year
Fixed Income Flows
Credit and Term
Month Over Month
Year Over Year
Industry Rankings
Top BMO Funds (Month)| Fund | Ticker | AUM [$M] | Flows |
|---|---|---|---|
| BMO S&P/TSX Capped Composite Index ETF | ZCN | 13981.97 | 408.7 |
| BMO S&P 500 Index ETF | ZSP | 21539.61 | 324.9 |
| BMO Broad Commodity ETF | ZCOM | 835.18 | 323.1 |
| BMO MSCI Emerging Markets Index ETF | ZEM | 2490.58 | 283.4 |
| BMO Mid-Term U.S. IG Corporate Bond Index ETF | ZIC | 3700.88 | 244.5 |
| BMO Gold Bullion ETF (CAD Units) | ZGLD | 1696.53 | 181.0 |
| BMO Mid-Term U.S. IG Corporate Bond Index Hedged to CAD ETF | ZMU | 3629.11 | 179.5 |
| BMO Low Volatility Canadian Equity ETF | ZLB | 5680.55 | 103.4 |
| BMO High Yield US Corporate Bond Index ETF | ZJK | 1690.03 | 84.3 |
| BMO Gold Bullion Hedged to CAD ETF | ZGLH | 289.15 | 80.2 |
Industry Rankings
Top BMO Funds (Year)| Fund | Ticker | AUM [$M] | Flows |
|---|---|---|---|
| BMO Aggregate Bond ETF | ZAG | 12144.08 | 2490.6 |
| BMO Money Market Fund ETF Series | ZMMK | 5613.01 | 2376.8 |
| BMO Global Equity Active ETF | BGEQ | 2574.81 | 2337.2 |
| BMO Corporate Bond ETF | ZCB | 1760.65 | 1615.0 |
| BMO S&P/TSX Capped Composite ETF | ZCN | 13981.97 | 1318.5 |
| BMO Short Corporate Bond ETF | ZCS | 4096.69 | 1201.2 |
| BMO US Aggregate Bond ETF Hedged Units | ZUAG.F | 1353.91 | 890.7 |
| BMO MSCI EAFE ETF | ZEA | 11808.79 | 887.9 |
| BMO MSCI Emerging Markets ETF | ZEM | 2490.58 | 817.3 |
| BMO Low Volatility Canadian Equity ETF | ZLB | 5680.55 | 813.3 |