Mutual fund and exchange-traded fund (ETF) assets and sales
TORONTO, April 23, 2024 /CNW/ - The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for March 2024.
Mutual fund assets totalled $2.055 trillion at the end of March, up by $43.1 billion or 2.1 per cent since February. Mutual fund net sales were $0.2 billion in March.
ETF assets totalled $417.1 billion at the end of March, up by $13.4 billion or 3.3 per cent since February. ETF net sales were $4.0 billion in March.
March insights
Mutual fund net sales/net redemptions ($ millions)*
Asset class | Mar 2024 | Feb 2024 | Mar 2023 | YTD 2024 | YTD 2023 |
Long-term funds | |||||
Balanced | (2,727) | (871) | (4,167) | (8,073) | (9,512) |
Equity | 722 | 1,548 | (2,013) | 1,212 | (2,257) |
Bond | 1,688 | 1,768 | 480 | 7,198 | 6,307 |
Specialty | 626 | 777 | 456 | 1,969 | 1,169 |
Total long-term funds | 309 | 3,221 | (5,244) | 2,306 | (4,293) |
Total money market funds | (107) | (40) | 1,800 | 340 | 4,118 |
Total | 202 | 3,182 | (3,445) | 2,646 | (175) |
Mutual fund net assets ($ billions)*
Asset class | Mar 2024 | Feb 2024 | Mar 2023 | Dec 2023 |
Long-term funds | ||||
Balanced | 938.3 | 923.4 | 903.7 | 904.4 |
Equity | 784.3 | 760.8 | 682.9 | 714.7 |
Bond | 250.4 | 247.2 | 233.6 | 242.4 |
Specialty | 30.1 | 28.9 | 23.7 | 27.0 |
Total long-term funds | 2,003.2 | 1,960.2 | 1,843.8 | 1,888.5 |
Total money market funds | 52.1 | 52.0 | 39.0 | 51.0 |
Total | 2,055.3 | 2,012.2 | 1,882.8 | 1,939.5 |
* Please see below for important information regarding this data. |
ETF net sales/net redemptions ($ millions)*
Asset class | Mar 2024 | Feb 2024 | Mar 2023 | YTD 2024 | YTD 2023 |
Long-term funds | |||||
Balanced | 427 | 450 | 156 | 1,280 | 387 |
Equity | 2,935 | 4,032 | 3,784 | 9,363 | 4,422 |
Bond | 701 | 1,209 | 2,297 | 2,230 | 2,585 |
Specialty | (109) | 22 | (190) | (434) | 615 |
Total long-term funds | 3,953 | 5,713 | 6,047 | 12,440 | 8,010 |
Total money market funds | 1 | (207) | 795 | 195 | 2,441 |
Total | 3,954 | 5,506 | 6,842 | 12,634 | 10,450 |
ETF net assets ($ billions)*
Asset class | Mar 2024 | Feb 2024 | Mar 2023 | Dec 2023 |
Long-term funds | ||||
Balanced | 17.3 | 16.5 | 13.0 | 15.1 |
Equity | 261.1 | 250.6 | 209.3 | 233.0 |
Bond | 95.9 | 94.8 | 84.4 | 94.6 |
Specialty | 17.2 | 16.3 | 11.8 | 14.4 |
Total long-term funds | 391.5 | 378.2 | 318.4 | 357.2 |
Total money market funds | 25.6 | 25.6 | 18.7 | 25.3 |
Total | 417.1 | 403.8 | 337.1 | 382.5 |
* See below for important information about data. |
IFIC direct survey data (which accounts for approximately 87 per cent of total mutual fund industry assets and approximately 80 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 funds 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. Learn more about IFIC
SOURCE The Investment Funds Institute of Canada
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