Canadian ETFs: September saw a rush of 50 new funds – many targeting income investors
As summer fades and autumn begins, September is a month that embraces a variety of transitions.
The Bank of Canada and the Federal Reserve handed out interest rate cuts, lowering their respective policy rates by 25 basis points each. This marked the first rate reduction for the Federal Reserve since December.
The artificial intelligence theme continues to power markets. For instance, Nvidia announced a US$100 billion investment in ChatGPT to strengthen AI infrastructure.
Meanwhile, gold extended its rally into record-breaking territory, partly on efforts by China to bolster its role in the global bullion market.
September’s best performing Canadian ETFs continued to be in the materials sector. The Harvest Global Gold Giants Index ETF…
