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<\/p>\n","protected":false},"excerpt":{"rendered":"Equity ETFs suffered a rare month of outflows in the month of July, while the ETF market as a whole rebounded from last month with over $1.6 billion of net inflows. The outflows from equities were dominated by the broad market Canadian equity category. iShares S&P\/TSX 60 Index ETF (XIU-T), the largest ETF in Canada by assets under management, faced the largest single outflow with over $800 million withdrawn. Sector-specific equities also had net outflows during the month, led primarily by the energy sector. Energy ETFs shed $158 million in assets during July, it\u2019s first month of outflows in 2022.<\/p>\n
The majority of new assets were committed to fixed income ETFs, with long term government bonds and cash alternatives leading the pack. TD Canadian Long Term Federal Bond ETF (TCLB-T) had the largest single ETF inflow for the month, while three of the top five largest single inflows belonged to cash alternative ETFs. Both sub-investment grade and preferred share ETFs continued to suffer outflows. As pointed out by National Bank Financial Markets, the sub-investment grade and preferred share categories have shed close to $1 billion in assets year to date \u2013 a sign that fixed income investors have a lower appetite for risk during these volatile market conditions.<\/p>\n
ESG ETFs continued to gather new assets in July, with $259 billion in positive net flows across all asset classes. The fixed income ESG category, which has added several new launches in the past year, represented over 70% of the new money.<\/p>\n
Cryptocurrency ETFs rebounded after a painful June, with close to $200 million in net flows during the month of July. Year to date, the asset class has achieved positive net flows, with $256 million in new money added, despite extreme volatility in cryptocurrency markets throughout the first half of 2022. Purpose Bitcoin ETF (BTCC-T) and Purpose Ether ETF (ETHH-T) accounted for the majority of inflows among the crypto-asset category.<\/p>\n
It was a quiet month in terms of new ETF launches, with only one new product listed in Canada. Purpose Investments Inc. launched the Black Diamond Impact Core Equity Fund (BDIC-T). The Fund offers diverse exposure across equity securities of companies all around the world that demonstrate a forward-looking sensitivity to Environmental, Social, and Governance factors. The subadvisor for this fund is Black Diamond Asset Management Inc., and the ETF series charges a management fee of 0.95%.<\/p>\n
Harvest ETFs terminated two of their thematic equity funds after less than 16 months of trading, Harvest Digital Sports & Entertainment Index ETF (HSPN-T) and Harvest Space Innovation Index ETF (ORBT-T) – proof that certain speculative themes that gathered a lot of investor interest a year ago have begun to fall out of favour.<\/p>\n
As previously announced, CIBC Asset Management terminated their suite of Multifactor ETFs during the month of July.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Equity ETFs suffered a rare month of outflows in the month of July, while the ETF market as a whole rebounded from last month with over $1.6 billion of net inflows. The outflows from equities were dominated by the broad market Canadian equity category. iShares S&P\/TSX 60 Index ETF (XIU-T), the largest ETF in Canada […]<\/p>\n","protected":false},"author":1,"featured_media":46721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[167,168],"class_list":["post-46720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intelligence","tag-etf","tag-etfs"],"acf":[],"yoast_head":"\n