ETF sales rebounded in October, according to data from the Investment Funds Institute of Canada.
Net sales of ETFs reached $3.8 billion, up from $562 million in September — a month that saw more than $1 billion in redemptions from equity funds.
Sales were up in all asset classes, with equity ($1.9 billion) and bond ($1.1 billion) funds leading the pack.
Total ETF assets hit $192.3 billion at the end of the month.
Mutual fund net sales were flat in October, reaching $1.3 billion.
Sales in bond ($1.7 billion), specialty ($722 million) and balanced ($593 million) mutual funds were offset by $1.7 billion in redemptions from equity funds.
Mutual fund assets totalled $1.59 trillion at the end of October.