The equity asset class drove the inflows for the first half of the year, reporting $27.8 billion in creations. This marked a shift from last year’s fund flow patterns, “where inflows were well-balanced across major asset classes,” the report noted.
So far this year, investors have shown more interest in international developed, emerging market and Canadian equity ETFs than in U.S. equity ETFs.
“Broad developed market ETFs alone witnessed $7.3 billion created, their largest net flow ever for a half-year period,” the report said.
Fixed-income ETFs, meanwhile, saw inflows decelerate slightly compared with last year, with $18 billion pouring into the funds between January and June.
Canadian aggregate bond, Canadian corporate bond and money market ETFs each pulled in $4 billion in inflows in the first half. Long-term bond and preferred share ETFs…
