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Canadian Business Journal, IFIC Monthly Investment Fund Statistics for ETF Double Counting ETF Removal

TORONTO, March 17, 2022 (GLOBE Newswire)-Canada’s Investment Fund Institute (IFIC) today announced the assets of an exchange-traded fund (ETF), with sales data on GO- on ETF double counts. ETF removal and reported forward foundation. IFIC’s February 2022 stats news release, which will be published next week, will reflect this change.

ETF double-count ETFs occur when a Canadian-listed ETF invests in a unit of another Canadian-listed ETF. ETF Double-count ETF removal reflects the evolution of IFIC’s data acquisition and reporting capabilities. Similar adjustments were made in 2007 when IFIC removed the double-calculated investment trusts of investment trusts.

The effect of ETF double-count ETF removal is approximately $ 25.7 billion as of February 28, 2022, a 7.5% reduction in ETF assets. The February 2022 statistics release also includes adjustments that apply to the January 2022 data.

References to IFICETF asset data prior to 2022 should indicate that the data has not been adjusted for ETF double-count ETFs.

About IFIC

The Canadian Investment Fund Institute is the spokesperson for the Canadian investment fund industry. IFIC brings together approximately 150 organizations, including fund managers, distributors and industry services organizations, to foster a strong and stable investment sector that enables investors to meet their financial goals. By linking Canadian savers to Canada’s economy, our industry is making a significant contribution to Canada’s economic growth and job creation.

For more information, please contact:

Pilak Mara Sammy
Senior Manager for Communications and Public Relations
pkumarasamy@ific.ca
416-309-2317


CBJ News Maker

Canadian Business Journal, IFIC Monthly Investment Fund Statistics for ETF Double Counting ETF Removal

Source link Canadian Business Journal, IFIC Monthly Investment Fund Statistics for ETF Double Counting ETF Removal

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