Plus, new CDRs from BMO; fund launches from National Bank, Global X and TDAM; and a new life insurance app
Milestone follows record-breaking inflows in first half
Also, the highest single-day and weekly trading volumes in Canadian ETF history were recorded in the month
Europe records first ever outflows, U.S. continues to lead pullback
Record AUM, higher revenues, margins to be hit if market stress persists
ETFs, mutual funds both recorded net sales of more than $9B
Hedge fund-style products were also popular as investors sought ways to mitigate risks, diversify: report
Mutual fund net sales totalled $15.2 billion in 2024, the first year of positive net sales since 2021
Bond mutual fund sales increase, equity funds power ETF net sales
Plus, new ETFs from BMO and Dynamic Funds enter the scene