IFIC Monthly Investment Fund Statistics – August 2022

Mutual Fund and Exchange-Traded Fund Assets and Sales

TORONTO, Sept. 23, 2022 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for August 2022.

Mutual fund assets totaled $1.827 trillion at the end of August 2022. Assets decreased by $37.6 billion or 2.0% compared to July 2022. Mutual funds recorded net redemptions of $3.1 billion in August 2022.

ETF assets totaled $298.7 billion at the end of August 2022. Assets decreased by $5.0 billion or 1.6% compared to July 2022. ETFs recorded net sales of $1.5 billion in August 2022.

Mutual Fund Net Sales/Net Redemptions ($ Millions)*

Asset Class August 2022 July 2022 August 2021 YTD 2022 YTD 2021
Long-term Funds
Balanced (2,429 ) (3,278 ) 4,390 (9,298 ) 49,071
Equity (338 ) (1,377 ) 2,532 1,800 30,374
Bond (379 ) (308 ) 1,680 (6,834 ) 13,136
Specialty 89 (80 ) 337 1,214 4,323
Total Long-term Funds (3,056 ) (5,043 ) 8,939 (13,118 ) 96,904
Total Money Market Funds (52 ) 500 63 2,814 (6,483 )
Total (3,108 ) (4,543 ) 9,002 (10,305 ) 90,420

Mutual Fund Net Assets ($ Billions)*

Asset Class August 2022 July 2022 August 2021 Dec. 2021
Long-term Funds
Balanced 896.5 917.0 998.9 1,024.9
Equity 648.2 661.4 725.2 747.7
Bond 230.6 234.5 261.5 261.5
Specialty 22.0 22.0 20.0 22.2
Total Long-term Funds 1,797.3 1,835.0 2,005.7 2,056.3
Total Money Market Funds 29.7 29.7 27.3 26.4
Total 1,827.1 1,864.7 2,033.0 2,082.7

* Please see below for important information regarding this date.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset Class August 2022 July 2022 August 2021 YTD 2022 YTD 2021
Long-term Funds
Balanced 17 202 273 1,384 2,893
Equity 1,190 (730 ) 3,379 10,003 23,914
Bond (347 ) 719 1,137 3,147 8,804
Specialty 21 375 300 1,160 6,373
Total Long-term Funds 881 566 5,088 15,695 41,983
Total Money Market Funds 594 938 (62 ) 3,324 (1,278 )
Total 1,475 1,505 5,026 19,019 40,705

ETF Net Assets ($Billions)*

Asset Class August 2022 July 2022 August 2021 Dec. 2021
Long-term Funds
Balanced 11.8 12.1 11.0 12.1
Equity 191.2 194.1 209.0 225.2
Bond 75.8 77.7 87.0 89.6
Specialty 10.3 10.7 11.8 13.6
Total Long-term Funds 289.1 294.7 318.8 340.5
Total Money Market Funds 9.6 9.1 6.0 6.6
Total 298.7 303.7 324.8 347.1

* Please see below for important information regarding this date.

IFIC direct survey data (which accounts for approximately 85% of total mutual fund industry assets and approximately 83% of total ETF industry assets) is complemented by estimated data to provide comprehensive industry totals.

IFIC makes every effort to verify the accuracy, currency and completeness of the information; however, IFIC does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.

* Important Information Regarding Investment Fund Date:

  1. Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  2. Starting with January 2022 data, ETF data is adjusted to remove double counting arising from Canadian-listed ETFs that invest in units of other Canadian-listed ETFs. Any references to IFIC ETF assets and sales figures prior to 2022 data should indicate that the data has not been adjusted for ETF of ETF double counting.
  3. The Balanced Funds category includes funds that invest directly in a mix of stocks and bonds or obtain exposure through investing in other funds.
  4. Mutual fund data reflects the investment activity of Canadian retail investors.
  5. ETF data reflects the investment activity of Canadian retail and institutional investors.

About IFIC

The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together approximately 150 organizations, including fund managers, dealers, professional and back-office service providers, to strengthen the integrity of the investment funds industry, foster public confidence in investment funds, and enable investors to achieve good outcomes. By connecting savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. To learn more about IFIC, please visit www.ific.ca.

For more information please contact:

Pira Kumarasamy
Senior Manager, Communications and Public Affairs
[email protected]
416-309-2317

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