No fund closures despite collapse of crypto mania
What all the crypto ETFs had in common in 2022 was plunging net asset values
- By: Rudy Luukko
- February 7, 2023 February 6, 2023
- 13:00
What all the crypto ETFs had in common in 2022 was plunging net asset values
Many are changing due diligence or narrowing their investment universe
New products include target-date RESP funds, covered calls and high-interest savings
Nearly 400 funds have been classified under six responsible investing categories
Three fund managers were lauded for the first time since the awards began
Investors can expect fewer tech launches and greater growth in covered call funds
My Financial Benchmark and Financial Calculators will be in one hub
Bankers' Acceptances, which represent 20% of money market, expected to disappear in 2024
Leverage, disruptive tech, ESG and a series of firsts marked 2022 launches
Fund flows reflected flight to safety, tactical positioning
High quality, longer duration are factors to consider
Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts
Data from Morningstar Direct shows that more than 2,000 U.S. mutual funds closed over the past 10 years
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Asset growth has been slow, with about $20 million held in three Canadian funds
Digging deeper into ETFs and portfolio construction
Some strategies have "fair weather correlations" that spike at exactly the wrong time
Higher yields in traditional fixed income may put pressure on industry
Fixed income funds led again, this time with a preference for longer duration
Panellists discussed the funds during the ETFGI summit
NBI launched international equity funds while CIBC released a fixed-income alt
This year has brought new opportunities but also fresh scrutiny