Monthly investment fund statistics – April 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
May 22, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for April 2024.
Mutual fund assets totalled $2.013 trillion at the end of April, down by $42.0 billion or 2.0 per cent since March. Mutual fund net redemptions were $2.7 billion in April.
ETF assets totalled $413.6 billion at the end of April, down by $3.6 billion or 0.9 per cent since March. ETF net sales were $5.5 billion in April.
April insights
- Mutual fund and ETF assets declined after increasing for five consecutive months.
- Specialty funds were the largest source of mutual fund inflows. More than half of these inflows were directed towards non-traditional fixed-income funds designed to provide yield, as well as alternative credit funds. Bond funds were the only other asset class with positive net sales.
- For ETFs, all major asset classes saw positive net inflows, except for money market funds, which experienced net redemptions in three of the previous five months.
- For ETFs, inflows remained concentrated in equity funds, with just over half going to U.S. equity funds. Year to date, equity funds accounted for 74 per cent of total net sales.
For more information on these results, click here.
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.
For more information, please contact:
Christine Harminc
Senior Manager, Communications and Public Affairs
charminc@sima-amvi.ca
416-309-2313
