10:23 AM EST, 03/05/2024 (MT Newswires) -- National Bank said Monday that Canadian exchange-traded funds generated inflows of $6 billion, taking the assets under management to $406.05 billion.

National Bank reported flows of $9.87 billion year-to-date.

"The previous highest month, March 2023, was marked by huge macro shifts, U.S. regional bank failures, and large swathes of institutional money moving fast to play sudden shifts in the business and rate environments; February 2024, by contrast, experienced less dramatic economic news but ETF inflows were still strong as investors allocated to equity ETFs to the tune of $4.5 billion created, spread primarily between the U.S. and International regions," the analysts said.

Fixed-income ETFs had an inflow of $1.06 billion in February, on par with last month while money market ETFs registered outflows of $228 million.

Inflows into Equity ETFs in February were $4.5 billion in creations, spread across all categories but especially focusing on the US region, National Bank noted.

National Bank also reported the launch of 18 ETFs, including new covered call and alternative ETFs.

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