Mutual fund and exchange-traded fund (ETF) assets and sales
TORONTO, Dec. 20, 2023 /CNW/ - The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for November 2023.
Mutual fund assets totalled $1.893 trillion at the end of November. Assets increased by $85.1 billion or 4.7 per cent since October. Mutual funds recorded net redemptions of $8.6 billion in November.
ETF assets totalled $369.3 billion at the end of November, up by $24.0 billion or 6.9 per cent from October 2023. ETFs recorded net sales of $5.1 billion in November.
Mutual fund net sales/net redemptions ($ millions)*
Asset class | Nov 2023 | Oct 2023 | Nov 2022 | YTD 2023 | YTD 2022 |
Long-term funds | |||||
Balanced | (6,584) | (8,569) | (5,061) | (52,342) | (25,024) |
Equity | (3,254) | (4,142) | (3,015) | (23,201) | (5,392) |
Bond | (423) | (1,028) | (1,112) | 6,204 | (11,624) |
Specialty | 397 | 199 | (10) | 3,368 | 1,203 |
Total long-term funds | (9,865) | (13,540) | (9,197) | (65,971) | (40,837) |
Total money market funds | 1,227 | 997 | 562 | 14,035 | 5,394 |
Total | (8,638) | (12,544) | (8,636) | (51,936) | (35,443) |
Mutual fund net assets ($ billions)*
Asset class | Nov 2023 | Oct 2023 | Nov 2022 | Dec 2022 |
Long-term funds | ||||
Balanced | 881.6 | 845.5 | 909.6 | 880.6 |
Equity | 699.0 | 659.3 | 679.4 | 649.6 |
Bond | 235.4 | 228.3 | 226.3 | 222.7 |
Specialty | 26.6 | 25.5 | 22.4 | 22.2 |
Total long-term funds | 1,842.6 | 1,758.7 | 1,837.6 | 1,775.1 |
Total money market funds | 50.2 | 48.9 | 32.7 | 34.5 |
Total | 1,892.8 | 1,807.6 | 1,870.3 | 1,809.6 |
* See below for important information about this data. |
ETF net sales/net redemptions ($ millions)*
Asset class | Nov 2023 | Oct 2023 | Nov 2022 | YTD 2023 | YTD 2022 |
Long-term funds | |||||
Balanced | 196 | 100 | 22 | 1,587 | 1,509 |
Equity | 2,835 | 551 | 1,524 | 10,673 | 12,031 |
Bond | 582 | 1,410 | 1,343 | 10,117 | 5,778 |
Specialty | 1,003 | 102 | 216 | 2,172 | 1,472 |
Total long-term funds | 4,615 | 2,163 | 3,105 | 24,549 | 20,790 |
Total money market funds | 452 | 687 | 1,088 | 9,299 | 7,625 |
Total | 5,066 | 2,850 | 4,193 | 33,848 | 28,415 |
ETF net assets ($ billions)*
Asset class | Nov 2023 | Oct 2023 | Nov 2022 | Dec 2022 |
Long-term funds | ||||
Balanced | 14.5 | 13.5 | 12.4 | 12.0 |
Equity | 225.1 | 208.0 | 202.9 | 194.9 |
Bond | 90.4 | 86.3 | 77.8 | 80.4 |
Specialty | 13.7 | 12.2 | 10.6 | 10.2 |
Total long-term funds | 343.7 | 320.1 | 303.7 | 297.5 |
Total money market funds | 25.6 | 25.2 | 14.1 | 16.3 |
Total | 369.3 | 345.3 | 317.8 | 313.7 |
* See below for important information about this data. |
IFIC direct survey data (which accounts for approximately 85 per cent of total mutual fund industry assets and approximately 83 per cent of total ETF industry assets) is complemented by estimated data to provide comprehensive industry totals.
IFIC makes every effort to verify the accuracy, currency, and completeness of the information, however, IFIC does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.
© The Investment Funds Institute of Canada. No reproduction or republication in whole or in part is permitted without permission.
* Important information about investment fund data
The Investment Funds Institute of Canada is the voice of Canada's investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada's savers to Canada's economy, our industry contributes significantly to Canadian economic growth and job creation. Learn more about IFIC.
SOURCE The Investment Funds Institute of Canada
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