TORONTO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for August 2023.
Mutual fund assets totalled $1.901 trillion at the end of August and assets decreased by $13.6 billion or 0.7 per cent since July. Mutual funds recorded net redemptions of $5.7 billion in August.
ETF assets totalled $355.0 billion at the end of August, and assets decreased by $1.8 billion or 0.5 per cent from July. ETFs recorded net sales of $1.9 billion in August.
Insights
Mutual fund net sales/net redemptions ($ millions)*
Asset class | Aug 2023 | July 2023 | Aug 2022 | YTD 2023 | YTD 2022 | |||||
Long-term funds | ||||||||||
Balanced | (4,750 | ) | (4,571 | ) | (2,421 | ) | (31,002 | ) | (9,318 | ) |
Equity | (2,155 | ) | (1,848 | ) | (341 | ) | (13,550 | ) | 2,482 | |
Bond | (513 | ) | 406 | (382 | ) | 8,485 | (6,936 | ) | ||
Specialty | 366 | 262 | 90 | 2,639 | 1,214 | |||||
Total long-term funds | (7,053 | ) | (5,751 | ) | (3,053 | ) | (33,428 | ) | (12,558 | ) |
Total money market funds | 1,362 | 934 | (52 | ) | 10,182 | 2,818 | ||||
Total | (5,691 | ) | (4,817 | ) | (3,105 | ) | (23,246 | ) | (9,740 | ) |
* See below for important information about this data.
Mutual fund net assets ($ billions)*
Asset class | Aug 2023 | July 2023 | Aug 2022 | Dec 2022 |
Long-term funds | ||||
Balanced | 893.6 | 902.6 | 896.5 | 880.6 |
Equity | 701.4 | 707.4 | 648.9 | 649.6 |
Bond | 234.4 | 235.1 | 230.5 | 222.7 |
Specialty | 25.6 | 25.0 | 22.1 | 22.2 |
Total long-term funds | 1,854.9 | 1,870.2 | 1,798.0 | 1,775.1 |
Total money market funds | 45.8 | 44.1 | 29.7 | 34.5 |
Total | 1,900.7 | 1,914.3 | 1,827.7 | 1,809.6 |
ETF net sales/net redemptions ($ millions)*
Asset class | Aug 2023 | July 2023 | Aug 2022 | YTD 2023 | YTD 2022 | ||
Long-term funds | |||||||
Balanced | 140 | 133 | 17 | 1,103 | 1,384 | ||
Equity | 335 | 887 | 1,190 | 6,962 | 10,003 | ||
Bond | 641 | 986 | (347 | ) | 7,087 | 3,148 | |
Specialty | (283 | ) | 37 | 21 | 1,044 | 1,160 | |
Total long-term funds | 833 | 2,042 | 881 | 16,196 | 15,696 | ||
Total money market funds | 1,051 | 754 | 594 | 6,864 | 3,324 | ||
Total | 1,884 | 2,796 | 1,475 | 23,060 | 19,020 |
ETF net assets ($ billions)*
Asset class | Aug 2023 | July 2023 | Aug 2022 | Dec 2022 |
Long-term funds | ||||
Balanced | 13.9 | 13.9 | 11.8 | 12.0 |
Equity | 220.0 | 222.4 | 191.2 | 194.9 |
Bond | 86.3 | 86.2 | 75.8 | 80.4 |
Specialty | 11.7 | 12.2 | 10.3 | 10.2 |
Total long-term funds | 331.9 | 334.8 | 289.1 | 297.5 |
Total money market funds | 23.1 | 22.0 | 9.6 | 16.3 |
Total | 355.0 | 356.8 | 298.7 | 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
About IFIC
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. To learn more about IFIC, please visit www.ific.ca.
For more information, please contact:
Christine Harminc
Senior Manager, Communications and Public Affairs
[email protected]
416-309-2313
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