Healthcare and utilities have been the main sectors for equities whereas power and financials posted small outflows. The seasonal impression of traders boosting RRSPs earlier than the deadline could have contributed to positive aspects for ‘all fairness’ portfolio ETFs.
Fairness ETFs characterize 75% of the almost $10 billion that has flowed into Canadian ETFs in 2024 to date, a shift from final 12 months when fastened earnings have been dominant.
In the meantime, fastened earnings inflows have been greater than $1 billion, roughly consistent with the earlier month. This was led by Canada company bond ETFs (particularly ultra-short time period, brief time period, and goal maturity ETFs) which noticed $684 million created. International bond and long-term bond ETFs have been additionally favoured.
Cash market funds recorded internet outflows of $228 million and there was one other pullback from crypto ETFs with $99 million outflows, a seamless pattern for the reason that launch of spot Bitcoin ETFs in the US (the place US$36.5 billion has flowed since early January, boosted by the conversion of a closed-end fund from Greyscale to an ETF).
Canadian ETF suppliers who outperformed in February included RBC iShares and Vanguard which every took greater than $1 billion whereas Horizons, CI, and Function posted decrease numbers than regular due to massive publicity to money various or crypto-asset ETFs.
