Canadian ETF assets increased by 11.9% over the quarter and by 38.7% year-over-year. Assets reached $685.2 billion by the end of September 2025. Quarterly net creations for Q3 2025 totaled around $29.7 billion, a 21.1% increase from the previous quarter. September was the best-selling month of the quarter, which saw monthly net creations of $12.7 billion.
Equity, the largest ETF category, tallied $17.6 billion in quarterly net creations, over 38.4% of these sales were garnered in the third month of the quarter, attracting $67.7 billion in September 2025. Looking at the sub-asset class composition, investors favoured global equities with $5.3 billion in net inflows, while U.S. equities placed second with $4.2 billion. Canadian equities rounded out the top three with $3.0 billion. The five best-selling sector equity ETFs in Q3 2025 accounted for a combined total of $2.4 billion of positive net creations, of which technology alone represented 77% of sales
Fixed income, the second-largest ETF category, attracted $8.0 billion in net creations. Investment grade bond funds were responsible for the lion’s share of net sales, as corporate bond funds outsold the broader category with $1.8 billion in quarterly net creations. Government and mix bond funds finished Q3 with a combined total of $3.8 billion in net creations. Meanwhile, high-yield bond ETFs ended the quarter with $2.3 billion in net creations.
Focusing on ETF sponsors, 40 out of 46 registered positive net creations over Q3 2025, with BlackRock Canada in the lead at $5.4 billion in quarterly net creations and sponsoring the best-selling ETF of the quarter and remaining the highest market share by assets among Canadian ETFs. Vanguard Canada came second, accounting for $4.2 billion in net creations, sponsoring four of the top 20 best-selling ETFs of Q3 2025. Meanwhile, BMO Asset Management garnered $3.5 billion in quarterly net creations.
Looking at product development, Q3 2025 saw 99 ETFs added to the Canadian exchange. In terms of asset class composition, equities dominated the quarter’s launches, accounting for 70% of the total. While Harvest Portfolios Group was the most prolific fund sponsor, with 20 ETF launches over Q3 2025, Ninepoint Partners followed closely with 17 ETFs launches over the quarter.