Canadian ETF Assets Rise


    The Canadian ETF Industry assets rose an additional $2.7 billion in the month of March, bringing the total assets to $123 billion as at the end of the first quarter, says the Canadian ETF Association. This underpins the ongoing strong net issuances and favourable contributions from the markets. Assets under management (AUM) are 29.1 per cent higher than year ago and 2.5 per cent higher than at the end of February. The estimated aggregate creations for March are $3.75 billion, offset by total redemptions of $1.6 billion. While markets remained supportive, the relative contribution made by net new inflows into ETFs rose strongly relative to February.