ETF Flows

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— As of October 31, 2025 —

In October, the Canadian ETF industry reported AUM of $765.0 billion. Key inflow categories for the month were U.S. Equity, Global Equity and Canadian Fixed Income. BMO reported AUM at $159.0 billion, and the top three selling ETFs were the BMO Corporate Bond Index ETF (ticker: ZCB), the BMO US Aggregate Bond Index ETF (Hedged Units) (ticker: ZUAG.F) and the BMO High Yield US Corporate Bond Index ETF (ticker: ZJK).*

*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
$205,175.6
26.8% 236
$6,085.5
$3,187.5
$50,968.7
$24,982.3
BMO
$159,038.7
20.8% 224
$3,575.1
$1,444.1
$29,634.8
$14,902.9
Vanguard
$125,080.3
16.3% 38
$4,551.6
$2,134.6
$33,094.1
$18,008.6
Global X
$47,042.8
6.1% 154
$822.6
$232.0
$8,389.4
$4,018.1
Fidelity
$36,726.6
4.8% 57
$2,555.4
$2,420.3
$20,314.0
$17,208.4
TD
$28,460.1
3.7% 54
$1,078.8
$518.2
$8,926.7
$5,831.1
CI GAM
$23,572.0
3.1% 146
-$381.4
-$546.0
$888.7
-$1,372.9
Mackenzie
$22,553.1
2.9% 58
$1,660.4
$1,410.5
$7,106.4
$5,210.0
Purpose
$15,900.4
2.1% 100
-$83.0
$16.8
$3,485.7
$2,536.3
National Bank
$13,857.4
1.8% 38
$85.9
$72.6
$1,436.9
$887.5
Hamilton
$11,309.4
1.5% 34
$481.2
$380.3
$4,440.5
$3,406.7
Invesco
$9,808.2
1.3% 68
$137.0
-$45.7
$1,842.3
$861.9
Harvest
$9,570.8
1.3% 86
$604.8
$445.3
$4,453.1
$4,161.2
Desjardins
$9,560.7
1.2% 27
-$5.6
-$164.1
$5,037.6
$4,110.8
CIBC
$8,078.4
1.1% 43
$102.3
$79.4
$3,729.4
$3,289.0
Scotia
$7,605.8
1.0% 9
$253.3
$110.3
$4,444.7
$3,777.4
Evolve
$5,473.3
0.7% 71
$270.2
$246.9
$1,226.2
$938.2
Dynamic
$4,952.2
0.6% 33
$254.1
$181.9
$1,111.7
$695.2
Manulife
$4,777.9
0.6% 39
$116.2
$61.9
$900.3
$291.9
PIMCO
$4,480.4
0.6% 8
$238.4
$198.4
$1,245.5
$1,101.8
Templeton
$2,540.7
0.3% 30
$98.6
$64.0
$605.8
$380.8
Picton
$1,648.5
0.2% 9
$32.7
$25.2
$543.2
$479.4
Brompton
$1,624.0
0.2% 23
$33.9
$29.5
$439.0
$386.8
3iQ
$919.4
0.1% 4
$919.4
-$35.0
$458.1
$513.5
First Trust
$773.1
0.1% 31
$38.6
$25.2
$197.2
$122.7
Guardian
$736.3
0.1% 24
-$31.7
-$36.6
$168.6
$160.1
AGF
$659.0
0.1% 9
$12.4
$32.0
-$305.9
-$263.7
Ninepoint
$572.6
0.1% 22
$572.6
$22.8
$84.3
$42.0
middlefield
$521.4
0.1% 6
$0.4
-$9.1
-$18.0
-$35.2
Capital Group
$518.7
0.1% 4
$518.7
$16.2
$518.7
$205.9
JPMorgan
$513.1
0.1% 8
$513.1
$98.0
$513.1
$416.5
LongPoint
$256.6
0.0% 37
$256.6
$22.3
$256.6
$186.3
IA Clarington
$219.0
0.0% 9
$9.3
$8.2
$67.6
$62.5
Bristol Gate
$177.1
0.0% 3
-$2.0
-$7.3
-$17.5
-$24.5
Mulvihill
$157.3
0.0% 3
$157.3
-$5.9
$4.8
-$19.8
Arrow Capital
$145.9
0.0% 5
-$5.4
-$2.3
$37.9
$34.8
Accelerate
$120.9
0.0% 6
$9.0
$9.3
$36.0
$35.7
Russell
$96.5
0.0% 4
$2.8
$3.0
$20.9
$15.4
Lysander
$95.8
0.0% 3
$0.8
$-
$6.8
$2.5
Tralucent
$28.8
0.0% 1
$28.8
$-
$9.0
$6.7
Corton
$28.0
0.0% 1
$28.0
-$0.8
$4.6
-$20.2
Starlight
$22.9
0.0% 5
-$0.2
-$0.3
$6.0
$4.5
Forstrong
$20.1
0.0% 3
$20.1
-$0.1
$6.3
$5.1
Sun Life
$13.5
0.0% 3
$13.5
$6.5
$13.5
$10.0
Quadravest
$9.4
0.0% 1
$9.4
$-
-$11.8
-$11.9
Caldwell
$6.1
0.0% 1
$0.5
$0.4
$0.7
$0.8
Capstone
$2.0
0.0% 2
$2.0
$2.0
$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 Corporate Bond Index ETF ZCB 1217.60 931.7
BMO US Aggregate Bond ETF Hedged Units ZUAG.F 1100.80 485.8
BMO High Yield US Corporate Bond Index ETF ZJK 1483.89 277.5
BMO High Yield US Corporate Bond Hedged ETF ZHY 1301.19 275.4
BMO S&P 500 Index ETF ZSP 20949.43 258.6
BMO Equal Weight Banks Index ETF ZEB 4695.19 155.9
BMO S&P/TSX Capped Composite Index ETF ZCN 12772.67 145.2
BMO Money Market ETF ZMMK 5072.27 123.4
BMO MSCI EAFE Hedged to CAD Index ETF ZDM 1480.03 109.4
BMO Gold Bullion ETF (CAD Units) ZGLD 978.97 103.5

Industry Rankings

Top BMO Funds (Year)
Fund Ticker AUM [$M] Flows
BMO Money Market Fund ETF Series ZMMK 5072.27 2403.0
BMO Global Equity Active ETF BGEQ 2541.12 2305.6
BMO S&P/TSX Capped Composite ETF ZCN 12772.67 1844.6
BMO Short Corporate Bond ETF ZCS 4284.26 1607.2
BMO Aggregate Bond ETF ZAG 11695.48 1174.6
BMO Ultra Short-Term Bond ETF ZST 4375.40 1152.2
BMO Corporate Bond ETF ZCB 1217.60 1079.3
BMO S&P 500 Hedged to CAD ETF ZUE 4272.94 870.8
BMO Core Plus Bond ETF ZCPB 2286.01 797.1
BMO NASDAQ 100 Equity ETF ZNQ 2031.78 692.9