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Canadian ETFs saw inflows of USD2.12bn in May

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The ETF industry in Canada gathered net inflows of USD2.12 billion in May, according to ETF data providers ETFGI.

The firm writes that YTD net inflows of USD12.80 billion in 2023 are the fourth highest on record, after YTD net inflows of USD22.22 billion in 2021, YTD net inflows of USD15.76 billion in 2022, and YTD net inflows of USD14.42 billion in 2020.

The Canadian ETF market has enjoyed 11 months of consecutive net inflows, and now has assets of USD271 billion. Assets have increased 8.5 per cent YTD in 2023, going from USD250 billion at the end of 2022, to USD271 billion.

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