ETFs Cross $120 Billion Mark


    Canadian ETF Industry assets crossed the C$120 billion mark in February, on a continued combination of strong net issuance and market gains, says the Canadian ETF Association. This is 35.9 per cent higher than year ago. With continued favourable flows and markets, the pace of growth in assets under management (AUM) for the industry has grown, relative to its longer term growth profile of +20 per cent compounded for the past five years to the end of February. Flows into equities continue to dominate (64.6 per cent of net inflows for February), with preferreds continuing to capture a notable size of flows on a relative basis.