Monthly investment fund statistics – January 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
February 26, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for January 2024.
Mutual fund assets totalled $1.955 trillion at the end of January, up by $15.6 billion or 0.8 per cent since December. Mutual fund net redemptions were $0.7 billion in January.
ETF assets totalled $388.3 billion at the end of January, up by $5.4 billion or 1.4 per cent since December. ETF net sales were $3.2 billion in January.
January insights
- Mutual fund and ETF assets increased for the third consecutive month. For mutual funds, assets increased by 8 per cent, or by $144.1 billion since October 2023. For ETFs, assets increased by 12.4 per cent or by $42.9 billion.
- Mutual fund net sales were negative overall; however, bond, money market, and specialty funds all saw positive inflows.
- Bond mutual funds were positive for the second consecutive month, bringing in $3.7 billion in net sales – the highest amount, in dollar terms, on record.
- All ETF asset classes had positive net sales except for specialty funds, which experienced outflows driven primarily by net redemptions from Bitcoin ETFs.
- Equity funds brought in just over 75 per cent of total ETF 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
