Canada’s ETF industry recorded net inflows of $18.2 billion in July, mainly owing to strong investor demand for equity funds, National Bank Capital Markets (NBCM) said in a report on Wednesday. This brings year-to-date ETF inflows to $122.5 billion, with equity ETFs making up 66% of total creations so far this year. On a regional basis, international equity funds led the way with $5.1 billion in net inflows, followed by Canadian equity funds at $4.5 billion and U.S. equity funds at $2.9 billion. Of the $12.5 billion in equity fund inflows, $2.2 billion flowed into all-equity asset allocation ETFs, NBCM noted. “Listing activity was led by actively managed equity mandates alongside income-oriented equity ETFs employing covered call strategies,” the report said.