New exchange-traded funds are flowing here

Article Excerpt

The Canadian ETF market experienced another strong month in September 2024, with $5.8 billion in new money flowing into Canadian-listed ETFs. That brought the total inflow for the first nine months of the year to $48.8 billion—62% higher than the same period in 2023. The total Canadian ETF asset base was valued at $481 billion at the end of September 2024. That represented growth of 26% for the year to date. Stock ETFs have so far this year attracted the most money, with inflows of $26 billion. That included $2.8 billion in September. For September, ETFs that offer low-cost exposure to U.S., Canadian, or Global equity markets attracted large inflows. The Vanguard S&P 500 Index ETF (symbol VFV), the iShares S&P/TSX60 Index ETF (XIU), and the Vanguard All Equity ETF Portfolio (VEQT) all received inflows representing almost a third of new equity flows. Also receiving strong inflows in September were dividend and financial ETFs. Fixed-income ETFs have received $17 billion in new inflows so far this year, including $2.3 billion…