Monthly investment fund statistics – August 2023
Mutual fund and exchange-traded fund (ETF) assets and sales
September 26, 2023 (Toronto) – 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
- While mutual fund net assets declined in August, year-to-date assets have increased by $91.1 billion, or five per cent.
- ETF net assets also decreased in August, however overall assets increased by $41.3 billion, or 13.2 per cent year to date.
- Money market funds showed the highest net sales across all major asset classes in August for both mutual funds and ETFs, with the majority going into high-interest saving account (HISA) funds.
- In August, 33 per cent of mutual funds had positive net sales and 52 per cent of ETFs had positive 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
