Canadian ETF flows were solid in November, with domestic and U.S. equity funds leading the pack, says the latest ETF report from National Bank’s Daniel Straus, Ling Zhang and Tiffany Zhang.
Canadian ETFs had inflows of $1.6 billion in November, or nearly 2% of starting assets, it says, noting that “preferred equity ETFs are still seeing inflows, as investors do potential tax loss harvesting trades.”
In the U.S., November marked another month of strong inflows, says an accompanying National Bank ETF report. The report says funds that tap into U.S. large-caps and developed, international markets attracted the most assets. Meanwhile, “Fixed Income saw rotations out of U.S. government and high yield, into investment-grade [corporates].”
Looking at specific sectors in the U.S., tech and financial attracted flows while the utilities, staples, and healthcare sectors saw outflows.
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