ETFs have steadily chipped away at market share of the almighty mutual fund, but the wrapper still has room to grow.
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The bank’s asset management arm has made two ETFs available on the Toronto Stock Exchange, and plans to grow staff in Canada.
Roughly 30% of portfolios had exposure to active ETFs in the second quarter, up from just 13% in 2022, Fidelity reported.
Roughly $180 billion in assets flowed out of more expensive equity funds in the first half of the year.
A quartet of ETFs faceplanted last year, but they could mount a comeback this year.
Another month, another Consumer Price Index inflation report, the show-stopping data dump of our inflation-weary universe.
The focus will be on mining earth metals including lithium, zinc, copper and nickel, all crucial metals for battery-making.