Fixed Income ETFs Gain

Fixed income ETFs gained $2.3 billion in September, while most other Canadian categories, especially market cap-weighted equities, experienced outflows, says National Bank Financial’s monthly ETF report. After gaining $1.4 billion in August, Canadian ETFs overall gained $1.9 billion in September, with net inflows into cash alternative ETFs of $1.7 billion ‒ a record for that category. “Fixed income ETF flows show clear signs of flight to safety,” the report says. All but two fixed income ETF categories saw inflows (the two exceptions: sub-investment grade and preferred/convertible, with outflows of $210 million and $109 million, respectively). Canada aggregate bond ETFs, the top category within fixed income, experienced inflows of $364 million. Equities funds had outflows of $436 million. Within the category, the U.S. was the only region to have net positive flows ($506 million), while funds from Canada had outflows of $837 million.

1 view0 comments

Recent Posts

See All

Donald Trump will not be elected president of the U.S. in 2024. In fact, Charles Myers, chairman of Signum Global Advisors, said in the ‘Geopolitical Outlook’ at the ‘Portfolio Management Association

The COVID-19 pandemic had a strong impact on financial markets in 2020 and this is reflected in large decreases in dividend income from Canadian corporations for tax filers in the high-income groups,