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ETF Of The Week: New Canada Fund: (BBCA)

TedTed
in The Bullpen
FYI: Nothing particularly remarkable happened in Canadian equities this week that would cause the JPMorgan BetaBuilders Canada ETF (BBCA) to land in our “ETF of the Week” spot. And yet here we are.

BBCA made headlines this week following one-day net asset inflows of more than $750 million. That’s a 300%-plus jump in total assets in a single day for a fund that came to market less than two weeks ago.

If this feels a little bit like deja vu, it’s because it is. The creations most likely came from BBCA’s own issuer, J.P. Morgan, which has been pulling money from competing ETFs and pouring it into its new-to-market proprietary funds in an aggressive move to grow its ETF business.
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-all-eyes-canada

M* Snapshot BBCA:
https://www.morningstar.com/etfs/BATS/BBCA/quote.html
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