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Stock impact report

ETFs find favour as building blocks of other funds [Investment Executive - News]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
ETFs continue to grow in popularity and set new records for net creations. These products no longer merely compete with mutual funds — they’re now increasingly integrated into mutual fund assets, and even into other ETFs. “Issuers are showing more and more creativity in finding new users and new applications for their ETFs, which are even being nested within other products,” CIBC Capital Markets noted in a June report. This kind of ETF integration within mutual funds would have been unthinkable when ETFs first appeared about 30 years ago, said Daniel Straus, head of ETF and financial products research and strategy with National Bank Financial. “At the outset, ETFs were seen as being ideologically opposed to mutual funds — even as disruptive rivals,” he said. “Today, there’s a much stronger symbiosis between these two investment vehicles.” Dan Hallett, vice-president of research with HighView Financial Group, agrees. “It’s increasingly common to include ETFs within a mutual fund, Show less Read more
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