Energy exchange-traded funds see strongest month ever in March for net flows
Equities were the dominant asset class once again during the month of March, representing $2.5 billion in net flows. Cap-weighted, sector and thematic ETFs saw the strongest demand among equities. The energy sector led the pack with a record inflow of $541 million, marking its greatest single month of net flows. Within the sector, the had its highest monthly inflow since the product’s inception in 2001.
Fixed income ETFs saw higher demand during the month, gathering $1.6 billion in new money. Canadian aggregate bond and U.S. bond ETFs dominated the inflow to the fixed income category. led all ETFs with $649 million of inflows during March. Throughout the first quarter of 2022, riskier categories, such a Canadian corporate bonds, foreign bonds and preferred shares were the only ones to lose assets.
Interest in cryptocurrency ETFs climbed in March, as the prices of Bitcoin and Ether began to rally from their recent dips. The asset class welcomed an additional $400 million in assets, while the
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