Monthly investment fund statistics – December 2023
Mutual fund and exchange-traded fund (ETF) assets and sales
January 25, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for December 2023.
Mutual fund assets totalled $1.936 trillion at the end of December, up by $43.0 billion or 2.3 per cent since November. Mutual fund net redemptions were $5.3 billion in December.
ETF assets totalled $382.5 billion at the end of December, up by $13.2 billion or 3.6 per cent since November. ETF net sales were $3.8 billion in December.
December insights
- Mutual fund and ETF assets increased for the second consecutive month.
- Mutual fund net redemptions were driven by outflows from balanced and equity funds, with bond funds, money market funds and speciality funds all seeing net inflows.
- For ETFs, bond funds accounted for 48 per cent of net inflows with the vast majority going into Canadian bond funds.
- Equity ETFs brought in 47 per cent of net sales with the largest share being directed to U.S. equity funds.
- ETF money market funds experienced net redemptions in December, marking the first month of negative money-market sales since November 2021.
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
