October has already seen several new ETF launches including two new active funds from JP Morgan Asset Management and three new ETF series from Manulife.
Investors were split between fixed income and equities with inflows for both above $2 billion last month, but all major asset classes recorded positive flows.
Canadian equity ETFs posted inflows of more than $1 billion with US equities picking up just short of a million dollars less, and international funds gained $572 million. Fixed income recorded $2.3 billion, commodities $90 million, multi-asset $441 million, inverse/levered $108 million, and crypto assets $30 million.
Money market ETFs saw a strong $658 million, the highest monthly inflow this year for this category. Recent IFIC stats for August showed these funds were out of favour and the only asset class to post net redemptions.
The 24 new Canadian ETFs launched in September included…
