Monthly investment fund statistics – May 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
June 24, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for May 2024.
Mutual fund assets totalled $2.058 trillion at the end of May, up by $44.4 billion or 2.2 per cent since April. Mutual fund net redemptions were $1.8 billion in May.
ETF assets totalled $429.2 billion at the end of May, up by $15.6 billion or 3.8 per cent since April. ETF net sales were $4.4 billion in May.
May insights
- Mutual fund total assets reached their second highest monthly level ever (the highest level was in December 2021). The increase in assets was driven by positive market performance.
- For mutual funds, bond funds saw the highest net sales at $1.35 billion, while equity funds had net redemptions of $920 million.
- Money market mutual fund net sales turned positive after three consecutive months, with just over half of all money market funds experiencing positive inflows. Despite this positive trend, year-to-date net sales are 92 per cent lower than the same period in 2023.
- Year-to-date ETF assets grew by $47.2 billion or 12.4 per cent, which is close to double the growth in absolute terms compared to 2023.
- For ETFs, equity funds led with net sales of $2.8 billion, while bond funds also saw substantial inflows of $1.3 billion.
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
Christine Harminc
Senior Manager, Communications and Public Affairs
charminc@sima-amvi.ca
416-309-2313
