Monthly investment fund statistics – November 2023
Mutual fund and exchange-traded fund (ETF) assets and sales
December 20, 2023 (Toronto) – 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.
November insights
- Both mutual funds and ETFs experienced asset growth after three months of consecutive decline.
- Year to date, mutual fund assets increased by $83.2 billion or 4.6 per cent, while ETF assets increased by $55.6 billion or 17.7 per cent.
- Even though mutual fund net assets increased, November was the ninth consecutive month since March in which mutual fund net sales were negative.
- Money market asset classes saw positive net sales for mutual funds. Speciality asset classes (primarily driven by alternative funds) also saw positive net sales for mutual funds.
- Every major ETF asset class generated positive net sales in November. Of the asset classes, equity funds accounted for the largest inflows at 56.0 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
