The market research firm says the outflows weren't limited to sustainable funds as Canadian long-term funds also lost nearly
The outflow in sustainable funds though was a notable shift from recent years that saw investors pump significant money into them, including more than
It was only as interest rates started to climb in 2022 that flows began to drop, though sustainable funds still saw expansion of 3.2 per cent in the first quarter and 0.5 per cent in the second quarter.
Passive funds were the source of the outflows, losing
Active funds were also the only source of new products in the quarter with no new passive options launched for only the second time in the past three years.
This report by The Canadian Press was first published
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