National Bank’s report notes that September’s flow pattern is the most defensive it has observed so far in 2022.
Along with equities, there were minor pull-backs for commodity ETFs, Multi-asset, and Crypto-asset ETFs. All three had posted gains in August.
Canadian ETFs have managed to attract a net $21 billion year-to-date, led by Equity and Fixed Income with each taking in more than $9 billion. Despite widespread inflation fears and headlines, Commodity ETFs in Canada had small outflows of $312 million, primarily from gold ETFs.
Multi-Asset ETFs welcomed $1.8 billion in flows and cryptos saw a net $22 million redeemed, although this is impacted by the frequently volatile underlying asset value.
New products surge
There was a surge in new products in September with 28 launches compared to just one in the previous month.
