Exchange-traded funds and products (ETFs and ETPs) in Canada reached a new high in June with total assets of US$65.7 billion, according to the latest data from research firm ETFGI.
The firm reports that ETFs and ETPs listed in Canada reached the new high in assets, as they attracted US$484 million in net new assets, combined with positive market performance. These gains were reflected in most regions, too, it notes. Overall, global assets reached a new high of US$2.64 trillion in June, it says.
“In June investors invested almost all net new money into equity exposures with the U.S. and emerging markets being the preferred allocations,” said Deborah Fuhr, managing partner at ETFGI; adding that equity markets generally recorded gains, too. “The positive equity market performance has helped to improve investor confidence during the first half of 2014.”
Through the first half of 2014, ETFs and ETPs in Canada have seen net inflows of US$2.75 billion, ETFGI adds. By sector, fixed income led the way with year-to-date net inflows of US$1.7 billion, followed by equity ETFs/ETPs with net inflows of US$618 million. Commodity ETFs/ETPs saw net outflows of US$81 million, it says.