Canadian ETF Market Returns to Typical Pace of Expansion in Q1 2024

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Canadian ETF Market,Expansion,Fund Delistings

After a record year of fund delistings in 2023, the Canadian ETF market has returned to its normal pace of expansion in the first quarter of 2024. National Bank Financial's data shows that 50 new funds have been launched, while 17 funds have been delisted. This is consistent with previous years, except for the outlier year of 2023.

The Canadian ETF market returned to a typical pace of expansion in the first quarter of 2024, after an “outlier” year in which fund delistings hit record highs.

Money market and cash alternative ETFs have been well represented among the new products being launched, says Zhang, with the TD Cash Management Evolve Enhanced Yield Bond Fund, also a covered call bond fund ETF assets reached $403 billion in February 2024, according to IFIC data, with net sales for 2024 so far at $8.7 billion, more than double the year-to-date amount of $3.6 billion from February 2023.

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