The drop in assets was mostly owing to stormy markets as inflation and interest rates have begun to shake up the pandemic savings boom that saw billions of dollars move into the Canadian asset management industry. Stock markets surged throughout the pandemic after a slight dip in March, 2020. Now, markets have sharply turned with the S&P 500 falling for the seventh week in a row, the longest streak in 21 years.
The outflow of investment dollars is a drastic change from a year earlier that saw the first four months of 2021 bring in more than $51.2-billion in mutual fund sales. In comparison, sales in 2022 have steadily declined with just $13.2-billion in sales for the same period.invest in various asset classes, including both stocks and bonds – took the biggest hit, with $2.05-billion in redemptions, compared with $272-million in sales in March, 2022.
Despite unfavourable markets, ETFs continued to attract investors with $1-billion in sales for April, 2022. Equity ETFs brought in the highest sales of $533-million, followed by bond ETFs with $322-million in sales.
That is...a tiny number.
📢📢📢
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »
مصدر: nationalpost - 🏆 10. / 80 اقرأ أكثر »