Canadian ETFs had another strong month in July, attracting a total inflow of $6.2 billion, according to a report from National Bank of Canada.

Fixed-income ETFs had their best month of the year, raking in $3.7 billion. ETF flows to date are now at $29 billion, and ETF assets under management have topped $230 billion.

On the fixed-income front, the NBI Unconstrained Fixed Income ETF attracted a $1.6-billion institutional subscription at the end of July. Canada aggregate bond ETFs and high-interest savings account ETFs accounted for the bulk of the remaining flows into fixed income funds.

Equity ETFs attracted $2.2 billion in July, with Canadian equities leading the pack, followed by U.S. and international equities. The bulk of flows went into cap-weighted funds.

For sector-specific funds, materials ETFs and technology ETFs had the strongest flows, attracting $283 million and $125 million, respectively.

Commodity ETFs attracted $119 million during the month, with the bulk of flows — $107 million — going into gold ETFs, which had another record-breaking month following the previous high-water mark set in April.

Seven new ETFs were launched in July. The number of ETF providers remained at 36.