Based on the Scotia ETF EDGE reports from February 3 to February 28, spanning a four-week period, Canadian ETFs saw an inflow of $14.1 billion. Equity flows took in the most inflow of capital with $5.5 billion, followed by fixed income with $3.6 billion. Inflows into ETFs of mixed allocation attracted $3.6 billion. Investors are continuing to park their money in cash products as the sector saw $0.5 billion in inflows. Crypto garnered a slight increase with $0.025 billion compared to last month’s retreat of $0.2 billion.
In recapping the movers and shakers in the market for February, Tesla was plastered across the chyrons with its sharp decline in value falling below US$1 trillion market cap. Bitcoin also experienced a major sell off as its unit price plunged to a month-end close at around $80k USD, a stark contrast to last year’s bullish run. On the positive side, Nvidia’s CEO Jenson Huang quelled investor concerns over…
