Ms. Crigger adds agriculture commodities in particular drew more attention in 2022 amid Russia’s invasion of Ukraine, two countries that are major producers of commodities such as wheat, corn and fertilizer.
Commodity ETFs could see regained attention in 2023 as the war in Ukraine continues, affecting supply. Still, Ms. Crigger says some commodities could also come under pressure amid the economic slowdown many are forecasting. 2022 has been a tough year for mutual funds in Canada, with net outflows of $30-billion as of Nov. 30, according to National Bank data, while ETF inflows are likely to exceed $30-billion by year’s end – making it the third-best year on record behind 2021 and 2020 , according to Ms. Zhang.
Additionally, Canadian investors will likely see a very different spin on growth ETFs, passive or active: single-stock ETFs.