Clean energy and sustainable infrastructure ETFs have accumulated new assets of $131mm in the first three quarters of 2022. The focus on the green economy has also benefited other ESG ETFs. Overall, ESG ETFs have accumulated over $2.2bn in new assets between Q1 to Q3. In fact, ESG ETFs were able to attract new assets in April, May, and June when the broad market experienced significant pullbacks. This is a sign of resilience and long-term support for ESG ETFs despite weaker markets. As investors continue to flock to ESG ETFs, issuers have been keen to launch new products. Since the beginning of the year, 35 new ESG ETFs have launched in Canada, accounting for 29% of total new launches. We expect the ESG ETF shelf to continue to grow given the increasing interest from investors and relatively strong performance of some ESG ETFs.