Assets of Canadian-listed exchange-traded funds (ETFs) and exchange-traded products (ETPs) reached a new record high in April.
Research firm ETFGI finds that ETFs and ETPs gathered US$188 million ($203.6 million) in net new assets last month to hit US$61.1 billion ($66.2 billion).
Fixed income ETFs/ETPs gathered the largest net inflows with US$76 million ($82.3 million), followed by equity ETFs/ETPs with US$33 million ($35.7 million).
On a year-to-date basis, ETFs/ETPs have seen net inflows of US$1 billion ($1.08 billion), which is below the US$1.9 billion ($2.06 billion) gathered at this time in 2013.
Equity ETFs/ETPs have gathered the largest net inflows year to date with US$810 million ($877 million), followed by fixed income ETFs/ETPs with net inflows of US$104 million ($112.6 million), while commodity ETFs/ETPs have seen net outflows of US$85 million ($92 million).
The ETF/ETP industry globally hit a record high of US$2.49 trillion ($2.7 trillion) in assets at the end of April 2014.
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