Canadian ETFs See Outflows

Canadian exchange-traded funds (ETFs) saw their first outflows in three years and the largest in nine in June, says data from National Bank of Canada. The month ended with net outflows of $682 million. Leading the pull-back were Canadian and U.S. equity ETFs, with $1.3 billion and $1 billion in net outflows respectively, while international equity ETFs posted net inflows of $96 million. Meanwhile, fixed income ETFs surged from their $216 million net inflows of May to more than $2 billion in June.