of 2022, compared to the meteoric growth rate seen months ago. Nevertheless, new products continue to be launched as investors search for access to more investment opportunities. Broad market Canadian equity ETFs have seen some of the largest inflows this year. Canadian equity funds have fared much better than their U.S. counterparts in 2022, given their larger exposure to energy, financials and materials sectors.
New ETF launches in May were dominated by thematic equity. Blackrock released a new suite of megatrend ETFs, giving investors easy access to companies that are driving innovation and shaping the global economic future. Among the new offerings is the, which provides exposure to global stocks along the full value chain of the cybersecurity industry. The was another one of the new launches, providing diversified exposure to companies in the renewable energy sector.
CI Global Asset Management continues to launch new funds focused on investment opportunities in digital megatrends. The invests in companies that are, either directly or indirectly, involved in the development and adoption of blockchain and digital assets. The ETF charges a management fee of 0.50% and hedges all currency risk. The provides exposure to companies that are materially engaged in the interaction, enablement, and connectivity of the metaverse.
During the month, Horizons ETFs launched Canada’s first ETF providing exposure to the performance of companies active in copper-ore mining. The invests in both pure-play copper mining companies, as well as companies that have copper production as a significant business line. Although it is one of the world’s oldest industrial metals, copper has become increasingly important as an essential material component in electric vehicles.
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