ETFs outpace mutual funds for third straight year

By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial

The financial industry’s switch from mutual funds to ETFs isn’t coming…it’s already here.

ETF sales reached a “whopping” $41 billion, National Bank said.


Covid-19 may have stopped the economy in its tracks last year, but it didn’t put a damper on flows into Canadian ETFs.


According to a report from National Bank Financial Inc., flows into Canadian ETFs set a record last year, reaching a “whopping” $41 billion — a 49% increase over 2019, which held the previous record. <read more>

Like this article?

Share on Facebook
Share on Twitter
Share on LinkedIn
Share on Pinterest
Picture of Scott Boassaly, MBA, President and Principal Advisor at Balance Financial

Scott Boassaly, MBA, President and Principal Advisor at Balance Financial

Scott founded Balance Financial in 2019, the culmination of a 15-year journey to provide accessible and customizable financial planning for clients. In his role as President and Principal Advisor, Scott develops business strategy for the company while managing his own practice. Working closely with his clients, Scott allows people to tell their story and write more chapters as they pave their financial paths together.

A former high school teacher and college instructor, Scott continues that passion for education by providing retirement workshops to the Federal and Provincial public service, as well as free public workshops to adults and teens.


Scott Boassaly



A former high school teacher and college Economics lecturer, Scott Boassaly has always valued education. This is further illustrated by his formal education. He holds a BA in History from Carleton University, a Bachelor of Education from The University of Ottawa, and an MBA from The University of Ottawa. This focus on education reveals itself in his approach to financial advice and in his commitment to offering free financial seminars to both adults and children. Celebrating his 20th anniversary as a wealth manager, Scott started his career at a large national firm where he quickly transitioned into management. Further industry experience was gained working with a reputable brokerage, then managing his own brokerage, Balance Financial, since 2019. Scott is the only certified responsible investment advisor in Ottawa and also holds the Real Wealth Manager designation.