ETFs Show Strong Sales

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    Canadian-listed exchange traded funds continued to show strong sales for the fourth quarter of 2011, says the Canadian ETF Association. Its latest ‘Quarterly ETF Asset Flow Report’ shows that the Canadian ETF industry had nearly $3 billion in net new sales during the quarter, finishing 2011 with more than $7.6 billion in net new sales. Despite difficult market conditions in 2011, strong sales helped Canadian ETF assets grow by nearly 13 per cent to slightly more than $43.1 billion. Amongst the asset classes, the fixed income category saw the largest inflows. There was approximately $3 billion in net creations in fixed income ETFs during 2011, with $1.4 billion in net creations occurring in the fourth quarter alone.