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:

dunelm listed on couponmatrix.ukclink-hostels listed on couponmatrix.ukfigleaves listed on couponmatrix.ukforthglade listed on couponmatrix.ukharrods listed on couponmatrix.ukpercival listed on couponmatrix.uk
dunelm listed on couponmatrix.ukFeel a new sense of house pride with the home furnishings expert Dunelm. From its humble beginnings at Leicester Market to the household name it is today, Dunelm has always been the place to deck your home out from top to bottom. Whether you’re into wild colours, minimalist designs or elevated luxury, give your home a makeover without busting your budget using a Dunelm discount code. There are seasonal sales and clearances to keep things interesting and save you money on furniture sets, outdoor lighting, curtains and blinds, rugs and home decor. Dunelm has always embraced great design at incredibly affordable prices, so get ready to shop for far less than you’d expect. Make sure you check out the Dunelm blog for home decor ideas, DIY tips and seasonal home inspiration.
clink-hostels listed on couponmatrix.ukSituated in the heart of London and Amsterdam, Clink Hostels is perfect when you need somewhere to crash after a night of partying or a quiet place to rest your head after a long day of sightseeing. Explore the urban jungle for less with the discounts available at this affordable hostel chain, including early bird savings, 30% off 7+ night stays and free breakfast. Complete your booking with a Clink Hostels voucher code from Groupon and you’ll find yourself with even more cash to power your adventures. Whether it’s a percentage off your total stay, a free night’s stay or complimentary breakfast, we’ll help you get the best deal possible with our Clink Hostels discount codes. At Groupon, we’re always refreshing our page with new deals, so be sure to check here before placing your Clink Hostels booking – you can save 25% on bookings made more than 30 days in advance, and there’s a 15% youth discount to make your travels as cheap as possible. Place your Clink Hostels booking as far in advance as possible to get the best price, and don’t forget to check if you’re eligible for the youth discount or the free breakfast. We’ve got the scoop on all the best Clink Hostels promo codes available now, so you’ll never miss out on a great deal if you keep our page bookmarked. Travelling around Europe doesn’t have to cost the earth if you let Groupon help you out!
figleaves listed on couponmatrix.ukFigleaves is a leading retailer of lingerie and swimwear. Using their insider knowledge and expertise they have selected a range of handpicked pieces from over 200 top brands including Freya, Fantasie, Seafolly and Bluebella to name just a few. They offer an unmatched size range from A to K cup to suit all women, so anyone can get great savings with the Figleaves discount code. They also pride themselves on supplying the latest up-to-date styles by top designers in addition to their very own exclusive in-house collections, from pretty and practical designs to flirty and fashion conscious. With styles for every day, the big night out and for special occasions, they aim to make every woman feel confident, beautiful and empowered from the inside out.
forthglade listed on couponmatrix.ukWhen nothing but the best will do for your favourite four-legged friend, turn to Forthglade and their phenomenal recipes. Carefully selected and slow cooked to retain maximum freshness and nourishment, you can see the difference it makes to your dog whilst using a Forthglade discount code to save a pretty penny in the meantime. Featuring both wet and dry options alongside numerous tasty treats, you can upgrade your canine’s entire diet with the assistance of Forthglade dog food.
harrods listed on couponmatrix.ukTreat yourself to a guilt-free spree at the world’s most famous department store and snap up a Harrods discount code from us to get your fix of premium products. Offering a diverse range of designer clothing for all the family, Harrods will have you dressed to the nines in the choicest fabrics and cuts. Kick your cosmetics bag into high gear with the stunning Harrods beauty range or spoil someone special with a delectable culinary hamper. If you’re looking for luxury items infused with timeless British style, Harrods will deliver the goods.
percival listed on couponmatrix.ukPercival menswear is for those who appreciate the beauty of simple yet exceptional design. Breathing life back into the old British style, Percvial offers modern reinterpretations of timeless wardrobe staples like the classic trench coat, overshirt and cardigan, alongside exciting collaborations with brands like Champion and Umbro. You’ll always be the best-dressed in the room when you use a Percival discount code from Groupon, so make this Hackney-based style icon your go-to for men’s fashion.