CIBC Mellon wins four Canadian ETF awards

CIBC Mellon won four Canadian ETF awards — Best ETF Custodian, Best Back Office Tech, Best Middle Office Tech and Best Overall ETF Administrator — as Canadian ETF assets reached CAD 790.5 billion at March 31, 2026.

The Canadian ETF market increased from CAD 735.1 billion at December 31, 2025 to CAD 790.5 billion by March 31, 2026. Net flows through May 11 were CAD 94.7 billion, about 57% higher than the same period in 2025.

Ron Landry, vice-president and head of Segment Solutions and Canadian ETF Services at CIBC Mellon, said: “These awards reflect the trust of our ETF clients and the work of our teams across the firm.” He noted the firm has served the Canadian ETF industry since 2009 and works with nearly half of the country’s ETF providers.

CIBC Mellon administers a range of ETF strategies, including high-interest savings and covered call funds, as well as active, alternative and crypto-linked ETFs.

Fund flows showed diversification away from a pure U.S.-equity focus. Global, developed and emerging market ETFs attracted larger inflows than U.S. equity ETFs in January and April 2026. All-equity asset allocation ETFs recorded CAD 2.3 billion of inflows in January. ETFs represented more than 26% of Canadian investment fund assets, up from 22% at the end of 2025 and 6% in 2014.

The firm is investing in digital solutions and automation to reduce manual processing for issuer clients, and is expanding support for non-traditional and specialised ETF structures, including crypto-linked and actively managed products, Landry noted.

Regulatory change has affected operations across the industry. Total Cost Reporting came into effect in 2026, and the first Annual Report on Charges and Other Compensation with the new disclosures is due to reach investors in early 2027. CIBC Mellon launched a Total Cost Reporting service that began delivering Daily Cost Factor data to industry repositories including Fundserv and Fundata on January 1, 2026.

CIBC Mellon will continue working with the Canadian ETF Association and other industry bodies on standards such as total cost reporting and digital access.