Canada’s $16.5 Billion ETF Binge ‘One for the History Books’
- Fund flows are most in a half-year in the past decade
- In display of risk appetite, stock funds receive flood of cash
Canada’s benchmark S&P/TSX Composite Index is down almost 8% so far this year.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Investors in Canada are piling back into exchange-traded funds at levels not seen since the start of the Covid-19 pandemic.
Canadian ETFs attracted net flows of C$4 billion ($3 billion) in June, the most since February. About C$2.5 billion went into equity funds, with the money spread among regions in a “remarkable display of risk appetite on the part of ETF investors after waves of pandemic-induced volatility,” Daniel Straus, vice president of ETFs and financial products research at National Bank of Canada, said in a report.