Canadian ETFs Post Inflows
Canadian exchange-traded funds (ETFs) posted net inflows of $4 billion in February, restoring positivity after the minor outflows of the previous month, says the National Bank of Canada. Its monthly reading of the industry shows that fixed income ETFs were the leader in February with net inflows of $2.6 billion, driven by ‘money market’ funds which includes high interest savings account ETFs and totaled almost $1.4 billion. Equity ETFs enjoyed inflows close to $1 billion, led by $608 million for Canadian equity ETFs, while international ($278 million) and U.S. ($68 million) focused funds also gained. Emerging market and global equities suffered outflows of more than $60 million each. There were small withdrawals for crypto-asset ($52 million) and commodities ($15 million) ETFs.