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Both mutual fund and ETF sales bounced back after a slow start to the year, IFIC reports

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Money-market ETFs gained nearly $1.4 billion while technology, commodities and crypto saw redemptions

products

Many of last year's trends are expected to continue

  • By: Staff
  • February 27, 2023 February 27, 2023
  • 16:30
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A CI utilities-sector ETF writes covered call options while Invesco launched a suite of dividend ESG funds

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Both mutual funds, ETFs had net redemptions in January, IFIC reports

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Investors may correctly identify a trend, but they typically buy high, as well as pay higher fees

Financial and stock investment market concept. Fluctuation of value which price is rising up and falling down along the way

Investors withdrew from broad-based funds, while cash and crypto gained

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New products include target-date RESP funds, covered calls and high-interest savings

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Nearly 400 funds have been classified under six responsible investing categories

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Pricier active funds to produce bulk of revenues even as asset share erodes, ISS reports