Mutual fund and exchange-traded fund (ETF)
assets and sales
TORONTO, July 23,
2024 /CNW/ - The Investment Funds Institute of
Canada (IFIC) today announced
investment fund net sales and net assets for June 2024.
Mutual fund assets totalled $2.073
trillion at the end of June, up by $14.2 billion or 0.7 per cent since May. Mutual
fund net redemptions were $1.9
billion in June.
ETF assets totalled $440.5 billion
at the end of June, up by $11.3
billion or 2.6 per cent since May. ETF net sales were
$10.1 billion in June.
June insights
- In the first six months of 2024, mutual fund assets grew by
$133.9 billion or 6.9 per cent.
- Mutual funds experienced positive flows across money market,
bond, and specialty categories. Notably, money market mutual funds
saw their largest inflows since March
2020, with 72 per cent of all money market funds reporting
positive inflows.
- ETF sales were at an all-time high, with positive sales in
every asset category.
- Bond funds accounted for over half of ETF net sales, marking
the strongest sales month on record for this asset category.
Mutual fund net sales/net redemptions ($ millions)*
|
Asset
class
|
Jun
2024
|
May
2024
|
Jun
2023
|
YTD
2024
|
YTD
2023
|
|
Long-term
funds
|
|
|
|
|
|
|
Balanced
|
(4,045)
|
(3,334)
|
(4,421)
|
(18,955)
|
(21,680)
|
|
Equity
|
(2,614)
|
(881)
|
(2,339)
|
(1,606)
|
(9,584)
|
|
Bond
|
1,197
|
1,346
|
795
|
10,107
|
8,604
|
|
Specialty
|
473
|
623
|
264
|
3,783
|
2,014
|
|
Total long-term
funds
|
(4,990)
|
(2,246)
|
(5,702)
|
(6,672)
|
(20,646)
|
|
Total money market
funds
|
3,070
|
464
|
1,524
|
3,594
|
7,882
|
|
Total
|
(1,920)
|
(1,782)
|
(4,178)
|
(3,078)
|
(12,764)
|
Mutual fund net assets ($ billions)*
|
Asset
class
|
Jun
2024
|
May
2024
|
Jun
2023
|
Dec
2023
|
|
Long-term
funds
|
|
|
|
|
|
Balanced
|
936.8
|
934.3
|
898.1
|
904.4
|
|
Equity
|
792.5
|
787.8
|
693.9
|
714.4
|
|
Bond
|
255.4
|
252.3
|
235.0
|
242.3
|
|
Specialty
|
32.6
|
31.7
|
24.6
|
27.0
|
|
Total long-term
funds
|
2,017.3
|
2,006.2
|
1,851.7
|
1,888.1
|
|
Total money market
funds
|
55.8
|
52.7
|
43.0
|
51.0
|
|
Total
|
2,073.1
|
2,058.8
|
1,894.7
|
1,939.1
|
* See below for important information about this data.
ETF net sales/net redemptions ($ millions)*
|
Asset
class
|
Jun
2024
|
May
2024
|
Jun
2023
|
YTD
2024
|
YTD
2023
|
|
Long-term
funds
|
|
|
|
|
|
|
Balanced
|
399
|
243
|
151
|
2,283
|
829
|
|
Equity
|
2,820
|
2,788
|
1,054
|
18,992
|
5,559
|
|
Bond
|
5,349
|
1,294
|
1,178
|
10,608
|
5,459
|
|
Specialty
|
387
|
14
|
438
|
49
|
1,289
|
|
Total long-term
funds
|
8,956
|
4,339
|
2,820
|
31,931
|
13,135
|
|
Total money market
funds
|
1,114
|
86
|
646
|
647
|
5,059
|
|
Total
|
10,070
|
4,425
|
3,467
|
32,579
|
18,194
|
ETF net assets ($ billions)*
|
Asset
class
|
Jun
2024
|
May
2024
|
Jun
2023
|
Dec
2023
|
|
Long-term
funds
|
|
|
|
|
|
Balanced
|
18.5
|
18.0
|
13.6
|
15.1
|
|
Equity
|
274.6
|
270.5
|
215.3
|
232.5
|
|
Bond
|
104.4
|
98.4
|
85.9
|
94.6
|
|
Specialty
|
17.0
|
17.3
|
12.2
|
14.4
|
|
Total long-term
funds
|
414.4
|
404.2
|
326.9
|
356.6
|
|
Total money market
funds
|
26.1
|
25.0
|
21.2
|
25.3
|
|
Total
|
440.5
|
429.2
|
348.1
|
382.0
|
|
|
* 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 fund
data
|
|
- Mutual fund data is
adjusted to remove double counting arising from mutual funds that
invest in other mutual funds.
- Starting with
January 2022 data, ETF data is adjusted to remove double counting
arising from Canadian-listed ETFs that invest in units of other
Canadian-listed ETFs. Any references to IFIC ETF assets and sales
figures prior to 2022 data should indicate that the data has not
been adjusted for ETF of ETF double counting
- The balanced funds
category includes funds that invest directly in a mix of stocks and
bonds or obtain exposure through investing in other funds
- Mutual fund data
reflects the investment activity of Canadian retail investors.
- ETF data reflects
the investment activity of Canadian retail and institutional
investors.
|
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