Healthcare and utilities had been the main sectors for equities whereas vitality and financials posted small outflows. The seasonal affect of traders boosting RRSPs earlier than the deadline can have contributed to positive aspects for ‘all fairness’ portfolio ETFs.
Fairness ETFs symbolize 75% of the almost $10 billion that has flowed into Canadian ETFs in 2024 to this point, a shift from final 12 months when fastened earnings had been dominant.
In the meantime, fastened earnings inflows had been greater than $1 billion, roughly according to the earlier month. This was led by Canada company bond ETFs (particularly ultra-short time period, quick time period, and goal maturity ETFs) which noticed $684 million created. International bond and long-term bond ETFs had been additionally favoured.
Cash market funds recorded web outflows of $228 million and there was one other pullback from crypto ETFs with $99 million outflows, a unbroken pattern because the launch of spot Bitcoin ETFs in america (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 ordinary due to massive publicity to money different or crypto-asset ETFs.