In July, Canadian ETFs saw moderate inflows totaling $3-billion. Fixed Income experienced a continued influx of funds, reaching $1.9-billion. On the equity side, $0.9-billion was added, mostly split between Canada at $0.5-billion and international at $0.7-billion, while the U.S. market continued to see a modest outflow of $0.2-billion.
Throughout 2023, Canadian ETFs surpassed the $20-billion milestone, reaching a total of $22.6-billion. Fixed Income saw a dominant inflow of $13-billion, while equity garnered $7.5-billion in inflow. Most of the equity inflow was directed towards international equities, amounting to $6.4B, followed by $2.9-billion for Canada, and an outflow of $1.8-billion for the United States.
For a second consecutive month, the most popular ETF was the iShares ESG Aware MSCI Emerging Markets Index (