ETF investors looked for bank bargains in volatile March

“We noticed most of the flows for these ETFs came after March 8, when news of Silicon Valley Bank‘s sudden collapse dominated headlines,” the report said.
 “Canadian financial-sector ETFs surged in demand as investors either sought buying opportunities or financial exposure with minimal regional banks in the mix.” After plunging initially, the S&P/TSX Composite Banks index bottomed out on March 24 and is roughly back to where it started the year.

In the U.S., where the S&P 500 Financials index is still down almost 6% for the year after dropping nearly 10% in March, investors pulled out US£0.8 billion from financial-sector ETFs last month, according to a separate National Bank report. However, despite the net outflow for the financial-sector as a whole, US£1.7 billion flowed into regional bank ETFs, which fell by almost 30% in March, National Bank said. The £1.4 billion that flowed into Canadian financial-sector ETFs contributed to nearly £7 billion in total ETF inflows last month.

More than half (£3.7 billion) went into equity ETFs, while fixed-income funds brought in £3.3 billion. Canadian government bond ETFs accounted for £1.2 billion of the fixed-income inflows, while money market ETFs had another strong month bringing in £854 million. Crypto funds saw £287 million in redemptions.

March was the best month this year for Canadian ETFs, after net redemptions in January and inflows of £4 billion in February.

Canadian ETFs have taken in £10.7 billion for the year to date.

ETF assets in Canada totalled £337.6 billion at the end of March.

Tags:

british-gas-energy listed on couponmatrix.ukkukoon-rugs listed on couponmatrix.ukmade-com listed on couponmatrix.ukmo-bros listed on couponmatrix.ukparrot listed on couponmatrix.ukphase-eight listed on couponmatrix.uk
british-gas-energy listed on couponmatrix.ukBelieve it or not, British Gas has been providing energy solutions to UK homes since before Queen Victoria was on the throne - and even before the invention of electricity! Starting life in 1812 as a gas company, British Gas has been (literally) lighting the way for British homes for over 200 years. Today, British Gas keeps over 11 million homes running and, with the latest British Gas Energy discount from us, you can benefit from energy tariffs which are fairly priced and easy to understand.
kukoon-rugs listed on couponmatrix.ukA rug can do more for transforming a space than just about anything. From shabby chic rugs for a boho vibe to stylish geometric rugs to add an artistic touch, Kukoon Rugs has it all. Check out the indoor and outdoor rugs available to suit rooms and gardens of every size. If you shop with a Kukoon Rugs discount code, you’ll always get your home furnishings for the best price. With free delivery, 90-day returns and some great prices to boot, Kukoon Rugs should be at the top of your list for a home makeover.
made-com listed on couponmatrix.ukFrom the wallpaper adorning your living room to the sofa as its centrepiece, Made.com is there to offer immaculate and affordable furnishings for every element of your home. Whether you’re redecorating or moving in, you’ll want a Made discount code to ensure you’re getting well-designed furniture at an unbeatable price. When you need a new indoor plant or a replacement dog bed for your favourite mutt, you can trust Made.com to deliver the quality you and your home deserve.
mo-bros listed on couponmatrix.ukMo Bro's is a leading provider of men's grooming products, and they're always looking for ways to help their customers save money. That's why they offer a Mo Bro's discount code, which can be used to save on your next purchase. Whether you're looking for a new razor or just some shampoo, you can use a Mo Bro's discount code to get a great deal. So don't wait any longer, head over to Mo Bro's and start saving today! At Groupon, we know that saving money is important to our customers. That's why we work hard to find the best Mo Bro's discount codes and vouchers so you can get the best deals on their products. We know that the best quality men’s grooming products can be expensive, that’s why we'll constantly be on the lookout for new codes so you can always be sure you're getting the best price! One of Mo Bro's top-selling products is their beard wash. It's a great and gentle product that leaves your hair feeling clean and refreshed. With a range of zesty, spicy and woody scents, it will leave your beard smelling great too! And with a Mo Bro's voucher code, you can get it for an even better price. So don't wait any longer, head over to Mo Bro's and start your beard journey today!
parrot listed on couponmatrix.ukAlways leading the way in innovative new forms of technology, Parrot have driven the way into and past the millennia with voice-driven and handheld machinery. Now specialists in the field of portable drones, customers can enjoy this phenomenally fun tech for far less with a Parrot promo code and hit the skies without rinsing the bank balance dry. There’s also an array of handy accessories to boost your devices’ performance and keep it safe and secure.
phase-eight listed on couponmatrix.ukPhase Eight started in 1979 as a small boutique in Wandsworth Common London by young mother Patsy Seddon, who was committed to selling fashion that was both sophisticated and affordable. Today they stay true to their founding principle by offering an original design-led fashion brand for customers looking for beautiful and affordable clothing. With the help of one of a Phase Eight discount code, you could save a tonne of money on exclusive designs, luxurious fabrics textures and finishes that are flattering for all women.