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:

coach listed on couponmatrix.ukhargroves-cycles listed on couponmatrix.ukmotoin listed on couponmatrix.ukprotein-dynamix listed on couponmatrix.uksnow-and-rock listed on couponmatrix.uktech-trade listed on couponmatrix.uk
coach listed on couponmatrix.ukLooking for a wardrobe update? Coach is home to modern luxury ready-to-wear and accessories, perfect for sophisticated guys and girls. This brand is all about timeless, quality pieces that you’ll wear for years to come - think handcrafted leather bags; sleek, stylish trainers and effortless off-duty clothing. Make the most of a Coach discount code to save on your next designer haul - after all, buying designer doesn’t have to mean paying full price!
hargroves-cycles listed on couponmatrix.ukHargroves are a household name among the cycling community, thanks to their unbeatable one-stop service that lets you choose, order and receive a hand-built, fully set-up bike of any type. This kind of specialist service may sound like something that'll hit your wallet hard, but the Hargroves Cycles discount code will raise your spending power up a few gears, making it easy to get your hands on a professional-standard bike that'll give you year upon year of trouble-free, memorable rides.
motoin listed on couponmatrix.ukMotoin vouchers lead to savings on a full range of moto-related products. Motoin has been the go-to website for motorcyclists for over a decade now, and their stock of parts, accessories and clothing is made up of over 100,000 items. Available to view in various languages and currencies, and with worldwide shipping, the website is truly an international interest with customers surfing the virtual showroom from all over the globe. Use our special motoin voucher codes to help keep your wallet feeling just as heavy as your shopping cart. Founded in 2007 by two passionate riders with strong backgrounds in e-commerce and motorcycle accessories, motoin is a real labour of love for the pairing. Calling on their former experience and knowledge, the partners strive to provide their customers with brilliant service and top-quality, reliable products. Boasting a physical showroom as well as an easy-to-navigate website, motoin caters to both road and off-road riders. Throttle jockeys can find everything from protective riding gear and helmets to sports apparel and bike parts, with featured brands including Alpinestars, Dainese, Scott, Arai and Thor. The vast range is backed up by great price offers, a simple ordering and delivery process, several payment options and easy returns. Purchases can be made all the sweeter by reducing your total spend with motoin discount codes from Groupon. Make your next trip down the road or to the track or trail an exciting one with some new gear for yourself or some trick parts for your bike. Pick the voucher that best suits your needs and head over to motoin to make it happen. But remember… keep it rubber side down.
protein-dynamix listed on couponmatrix.ukGive your muscles some added fire power with the range of protein products at Protein Dynamix and elevate your performance for a very affordable price. All you need is a Protein Dynamix discount code from us to stock up on top quality products at wholesale prices. Whether you’re looking to bulk up, build lean muscle or drop a few pounds to get ahead in your game, Protein Dynamix will tick all your boxes and have you hitting your targets with ease!
snow-and-rock listed on couponmatrix.ukOff-piste pros, budding boulderers, and rock-climbing rookies alike - Snow and Rock will get you fully kitted out for your next adventure in specialist equipment and clothing from the best names in outdoor apparel. Head to the Snow and Rock website to see the full range and with a Snow and Rock discount code you’ll be able to get quality for less, so you can focus on getting to grips with your snowboard instead of worrying about your bank account.
tech-trade listed on couponmatrix.ukWhen you’re looking for high-grade technology at below-budget prices, look no further than Tech Trade! Providing a platform to acquire refurbished Macs and high-performance gaming computers, all that’s needed is a Tech Trade discount code to ensure you get the computing that matches your demands without breaking the bank. With iPads, virtual reality, accessories and gaming consoles to bolster its inventory, you’re free to enjoy a gargantuan amount of gaming hardware thanks to the variety and prices at Tech Trade. At Groupon we know that there are plenty of students who enjoy taking a break with a good gaming session. If that’s the case, then you’ll love the extra savings students can enjoy at Tech Trade, with the brand hosting a dedicated student discount of 10% off every order. Any university or college students seeking that little extra TLC without rinsing the few funds they have should navigate to the ‘Student’ tab, verify their credentials with StudentBeans and enjoy the free money-off provided at Tech Trade. Both portable and powerful, MacBooks have become a staple of today’s technology. It’s no surprise then that Tech Trade MacBooks are available in a variety of models including the Air, Pro and Retina. Those seeking some a refurbished Apple product that delivers on every level should utilise a Tech Trade coupon code to knock the cost of their new computer and enjoy endless hours of digital fun that’ll more than make up the price of their investment.