The financial industry’s switch from mutual funds to ETFs isn’t coming…it’s already here.
ETFs outpace mutual funds for third straight year
ETF sales reached a “whopping” $41 billion, National Bank said
Covid-19 may have stopped the economy in its tracks last year, but it didn’t put a damper on flows into Canadian ETFs.
According to a report from National Bank Financial Inc., flows into Canadian ETFs set a record last year, reaching a “whopping” $41 billion — a 49% increase over 2019, which held the previous record. <read more>