Exchange-traded funds (ETFs) and exchange-traded products (ETPs) listed in Canada gathered US$1.25 billion ($1.36 billion) in net new assets in May to hit a new record high of US$63 billion ($68.7 billion).
That’s according to preliminary data from an ETFGI report.
Fixed income ETFs/ETPs gathered the largest net inflows with US$1 billion, followed by equity ETFs/ETPs with US$234 million. Commodity ETFs/ETPs saw net outflows of US$41 million.
On a year-to-date basis, ETFs/ETPs have seen net inflows of US$2.27 billion, which is below the US$3.38 billion at this time last year.
Fixed income ETFs/ETPs gathered the largest net inflows with US$1.14 billion, followed by equity ETFs/ETPs with US$842 million, while commodity ETFs/ETPs have experienced net outflows of US$126 million.
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