— As of December 31, 2025 —
In December, the Canadian ETF industry reported AUM of $802 billion. Key inflow categories for the month were U.S Equity, International Equity and Canadian Equity. BMO reported AUM at $165 billion, and the top three selling ETFs were the BMO Money Market Fund ETF Series (ticker: ZMMK), the BMO Discount Bond Index ETF (ticker: ZDB) and the BMO Gold Bullion ETF (ticker: ZGLD).*
The top three BMO ETFs sold in 2025 were the BMO Money Market Fund ETF Series (ticker: ZMMK), the BMO Aggregate Bond Index ETF (ticker: ZAG) and the BMO Global Equity Fund Active ETF Series (ticker: BGEQ).*
*Industry figures reported inclusive of ETF of ETFs.
Industry Rankings
AUM is total AUM of all listed ETFs. As such it may include positions held in other investment products, including ETFs.| Provider | AUM [$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 |
$216,492.2
|
27.0% | 236 |
$5,202.5
|
$5,602.4
|
$62,285.4
|
$34,153.2
|
| BMO |
$165,253.2
|
20.6% | 224 |
$1,782.3
|
$2,713.6
|
$35,849.3
|
$20,583.8
|
| Vanguard |
$130,276.4
|
16.2% | 38 |
$2,020.8
|
$3,288.1
|
$38,290.2
|
$23,539.9
|
| Global X |
$48,259.8
|
6.0% | 155 |
$399.2
|
$567.9
|
$9,606.4
|
$4,764.5
|
| Fidelity |
$41,398.6
|
5.2% | 57 |
$2,038.2
|
$2,520.4
|
$24,986.0
|
$22,022.5
|
| TD |
$30,194.2
|
3.8% | 52 |
$813.1
|
$1,059.2
|
$10,660.8
|
$7,738.3
|
| Mackenzie |
$24,117.6
|
3.0% | 59 |
$246.5
|
$471.8
|
$8,670.9
|
$6,798.7
|
| CI GAM |
$22,914.5
|
2.9% | 146 |
-$279.8
|
-$79.4
|
$231.1
|
-$1,460.0
|
| Purpose |
$15,737.2
|
2.0% | 101 |
$347.4
|
$460.1
|
$3,322.5
|
$3,238.7
|
| National Bank |
$13,613.8
|
1.7% | 38 |
-$28.6
|
$81.4
|
$1,193.3
|
$699.7
|
| Hamilton |
$12,358.3
|
1.5% | 34 |
$558.0
|
$529.3
|
$5,489.4
|
$4,215.7
|
| Desjardins |
$10,756.0
|
1.3% | 27 |
$395.2
|
$454.1
|
$6,232.9
|
$5,333.2
|
| Invesco |
$9,918.3
|
1.2% | 58 |
$17.3
|
$117.1
|
$1,952.4
|
$1,063.9
|
| Harvest |
$9,650.4
|
1.2% | 86 |
$21.6
|
$347.6
|
$4,532.6
|
$4,959.9
|
| CIBC |
$9,295.2
|
1.2% | 46 |
$900.7
|
$963.2
|
$4,946.3
|
$4,502.9
|
| Scotia |
$8,031.6
|
1.0% | 9 |
-$52.4
|
$53.7
|
$4,870.5
|
$4,312.4
|
| Evolve |
$5,889.5
|
0.7% | 72 |
$313.9
|
$365.7
|
$1,642.4
|
$1,506.4
|
| Dynamic |
$5,197.9
|
0.6% | 33 |
$42.6
|
$88.8
|
$1,357.4
|
$978.5
|
| Manulife |
$5,143.3
|
0.6% | 42 |
$98.0
|
$102.4
|
$1,265.7
|
$576.0
|
| PIMCO |
$4,841.7
|
0.6% | 8 |
$161.0
|
$211.1
|
$1,606.8
|
$1,501.5
|
| Templeton |
$2,654.9
|
0.3% | 30 |
$42.5
|
$59.9
|
$720.1
|
$501.5
|
| Brompton |
$1,738.8
|
0.2% | 24 |
$73.6
|
$68.5
|
$553.8
|
$496.3
|
| Picton |
$1,718.9
|
0.2% | 10 |
$25.8
|
$28.5
|
$613.5
|
$549.8
|
| 3iQ |
$743.9
|
0.1% | 4 |
-$74.6
|
$6.2
|
$282.6
|
$449.1
|
| First Trust |
$741.9
|
0.1% | 31 |
-$25.0
|
-$20.0
|
$166.0
|
$97.1
|
| Guardian |
$709.4
|
0.1% | 23 |
$16.6
|
$22.1
|
$141.7
|
$139.6
|
| AGF |
$662.1
|
0.1% | 9 |
-$25.3
|
-$11.7
|
-$302.8
|
-$252.9
|
| Ninepoint |
$634.4
|
0.1% | 22 |
$18.2
|
$32.2
|
$146.2
|
$86.8
|
| JPMorgan |
$610.9
|
0.1% | 8 |
$30.9
|
$38.5
|
$610.9
|
$480.3
|
| Capital Group |
$580.4
|
0.1% | 4 |
$18.0
|
$21.0
|
$580.4
|
$270.4
|
| middlefield |
$507.4
|
0.1% | 6 |
-$15.6
|
-$3.1
|
-$31.9
|
-$38.8
|
| LongPoint |
$285.5
|
0.0% | 38 |
$10.3
|
$12.2
|
$285.5
|
$214.6
|
| IA Clarington |
$229.3
|
0.0% | 9 |
$2.3
|
$1.8
|
$77.9
|
$72.7
|
| Accelerate |
$173.9
|
0.0% | 7 |
-$12.3
|
-$7.1
|
$89.0
|
$91.2
|
| Mulvihill |
$170.8
|
0.0% | 3 |
$6.2
|
-$1.0
|
$18.3
|
-$19.3
|
| Bristol Gate |
$151.0
|
0.0% | 3 |
-$17.2
|
-$15.4
|
-$43.6
|
-$49.9
|
| Arrow Capital |
$141.0
|
0.0% | 5 |
-$4.0
|
-$3.8
|
$32.9
|
$30.1
|
| Lysander |
$113.4
|
0.0% | 3 |
$18.5
|
$18.4
|
$24.5
|
$20.7
|
| Russell |
$89.0
|
0.0% | 4 |
-$4.9
|
-$0.5
|
$13.4
|
$10.5
|
| Sun Life |
$48.8
|
0.0% | 3 |
$27.8
|
$28.3
|
$48.8
|
$45.9
|
| Quadravest |
$43.6
|
0.0% | 1 |
$34.2
|
$-
|
$22.4
|
-$11.9
|
| Rocklinc |
$33.9
|
0.0% | 1 |
$8.6
|
$9.0
|
$33.9
|
$34.3
|
| Tralucent |
$29.2
|
0.0% | 1 |
-$0.2
|
$-
|
$9.4
|
$6.9
|
| Starlight |
$20.4
|
0.0% | 5 |
-$0.0
|
$0.3
|
$3.5
|
$2.4
|
| Forstrong |
$19.8
|
0.0% | 3 |
$0.1
|
$0.6
|
$5.9
|
$5.1
|
| Corton |
$18.9
|
0.0% | 1 |
-$6.3
|
-$6.3
|
-$4.4
|
-$29.3
|
| Caldwell |
$5.8
|
0.0% | 1 |
-$0.3
|
$-
|
$0.4
|
$0.8
|
| True Exposure |
$3.4
|
0.0% | 1 |
-$0.1
|
$-
|
$3.4
|
$3.4
|
| Capstone |
$2.0
|
0.0% | 2 |
$0.0
|
$-
|
$2.0
|
$2.0
|
Equity Flows
Equity style and geography
Month Over Month
Year Over Year
Fixed Income Flows
Credit and Term
Month Over Month
Year Over Year
Industry Rankings
Top BMO Funds (Month)| Fund | Ticker | AUM [$M] | Flows |
|---|---|---|---|
| BMO Money Market ETF | ZMMK | 5675.62 | 358.8 |
| BMO Discount Bond Index ETF | ZDB | 1151.83 | 280.0 |
| BMO Gold Bullion ETF (CAD Units) | ZGLD | 1329.68 | 250.6 |
| BMO USD Cash Management ETF | ZUCM | 286.70 | 250.4 |
| BMO MSCI Emerging Markets Index ETF | ZEM | 2036.45 | 244.9 |
| BMO S&P 500 Index ETF | ZSP | 21084.08 | 238.8 |
| BMO Mid-Term U.S. IG Corporate Bond Index Hedged to CAD ETF | ZMU | 3463.46 | 141.8 |
| BMO Mid-Term U.S. IG Corporate Bond Index ETF | ZIC | 3494.04 | 141.0 |
| BMO Core Plus Bond ETF | ZCPB | 2371.42 | 117.3 |
| BMO Low Volatility Canadian Equity ETF | ZLB | 5678.51 | 81.3 |
Industry Rankings
Top BMO Funds (Year)| Fund | Ticker | AUM [$M] | Flows |
|---|---|---|---|
| BMO Money Market Fund ETF Series | ZMMK | 5675.62 | 2466.6 |
| BMO Aggregate Bond ETF | ZAG | 12197.04 | 2435.0 |
| BMO Global Equity Active ETF | BGEQ | 2498.72 | 2320.0 |
| BMO Short Corporate Bond ETF | ZCS | 4329.85 | 1608.7 |
| BMO Corporate Bond ETF | ZCB | 1703.88 | 1570.8 |
| BMO S&P/TSX Capped Composite ETF | ZCN | 13457.84 | 1219.1 |
| BMO Core Plus Bond ETF | ZCPB | 2371.42 | 941.1 |
| BMO MSCI EAFE ETF | ZEA | 11286.97 | 935.9 |
| BMO US Aggregate Bond ETF Hedged Units | ZUAG.F | 1340.53 | 879.4 |
| BMO Ultra Short-Term Bond ETF | ZST | 4104.42 | 749.8 |