ETF inflows 50/50 between equity and fixed-income in 2023

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Investors seek out certainty in an uncertain market alongside heavy speculation over the Fed's year-end interest rate outlook. VettaFi Vice Chairman Tom Lydon joins Yahoo Finance's Rachelle Akuffo to detail his ETF picks to circumvent interest rate concerns, while also differentiating active and passive ETFs. 'Even though today there's $6.2 trillion in money market funds getting about 5%, when [interest] rates cut, that yield is going to be cut dramatically,' Lydon details the overhang the Fed's interest rate strategy could have. 'And they don't want to be stuck on the sidelines, they'd rather be longer duration — areas like corporate credit, even high-yield.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

OTTAWA -The Bank of Canada on Tuesday said recent volatility in headline inflation is not unusual but the underlying trend shown by core measures was inconsistent with bringing inflation down to the 2% target. Earlier on Tuesday, August inflation figures showed a jump in the headline number to 4.0% from 3.3% in July - higher than most analysts had forecast - on rising gasoline prices.

"Ups and downs of the size we've seen in the past couple of months are not that unusual," Deputy Governor Sharon Kozicki said in a speech at the University of Regina in Saskatchewan.Use your TFSA in a fast and efficient manner. Here's some ways you could have turned $30,000 into $300,000 or more. The post TFSA Wealth: How to Turn $30,000 Into $300,000 for Retirement appeared first on The Motley Fool Canada.

 

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