Canadian Fixed Income ETFs Dominate
Canadian ETF investors took an overwhelmingly risk-off stance in the final month of 2022, says data from National Bank. Its ‘Canadian ETF Flows’ shows investors poured roughly $7.6 billion in total into Canada-listed ETFs in December. That was driven predominantly by investments in fixed income ETFs, totaling nearly $5.9 billion. “The inflow into fixed income ETFs is also the highest monthly flows on record for this group, bringing the monthly total ETF flows to the second highest in history for Canadian ETFs,” the report says.