TORONTO, May 22, 2020 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for April 2020.
Mutual fund assets totalled $1.54 trillion at the end of April 2020. Assets increased by $91.8 billion or 6.3% compared to March 2020. Mutual funds recorded net sales of $1.3 billion in April 2020.
ETF assets totalled $204.2 billion at the end of April 2020. Assets increased by $13.9 billion or 7.3% compared to March 2020. ETFs recorded net sales of $703 million in April 2020.
Mutual Fund Net Sales/Net Redemptions ($ Millions)*
Asset Class
Apr. 2020
Mar. 2020
Apr. 2019
YTD 2020
YTD 2019
Long-term Funds
Balanced
(1,448
)
(11,030
)
(922
)
(6,463
)
(1,242
)
Equity
1,328
(702
)
(2,150
)
1,376
(2,417
)
Bond
833
(6,674
)
1,460
(190
)
6,084
Specialty
565
181
673
1,989
2,251
Total Long-term Funds
1,278
(18,225
)
(939
)
(3,288
)
4,677
Total Money Market Funds
(27
)
4,130
(80
)
4,578
(132
)
Total
1,252
(14,095
)
(1,019
)
1,290
4,545
Mutual Fund Net Assets ($ Billions)*
Asset Class
Apr. 2020
Mar. 2020
Apr. 2019
Dec. 2019
Long-term Funds
Balanced
773.4
731.8
799.6
821.8
Equity
483.7
443.2
522.8
532.5
Bond
217.1
209.3
193.3
218.2
Specialty
27.3
25.6
21.4
27.3
Total Long-term Funds
1,501.5
1,410.0
1,537.1
1,599.8
Total Money Market Funds
36.8
36.4
27.5
30.6
Total
1,538.3
1,446.4
1,564.6
1,630.4
* Please see below for important information regarding this data.
ETF Net Sales/Net Redemptions ($ Millions)*
Asset Class
Apr. 2020
Mar. 2020
Apr. 2019
YTD 2020
YTD 2019
Long-term Funds
Balanced
59
124
193
757
735
Equity
508
4,175
783
10,895
1,841
Bond
(629
)
(1,209
)
1,380
2,474
3,547
Specialty
509
(139
)
(31
)
567
77
Total Long-term Funds
446
2,952
2,325
14,693
6,201
Total Money Market Funds
257
31
77
1,188
178
Total
703
2,983
2,402
15,881
6,379
ETF Net Assets ($ Billions)*
Asset Class
Apr. 2020
Mar. 2020
Apr. 2019
Dec. 2019
Long-term Funds
Balanced
5.2
4.7
3.6
4.9
Equity
121.6
110.7
113.4
126.2
Bond
68.0
66.2
57.1
65.9
Specialty
3.8
3.4
2.5
3.7
Total Long-term Funds
198.6
184.9
176.6
200.6
Total Money Market Funds
5.7
5.4
2.1
4.5
Total
204.2
190.3
178.6
205.1
* Please see below for important information regarding this data.
IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics 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 Data:
Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
ETF data is not adjusted to remove double counting arising from ETFs that invest in other ETFs.
The Balanced Funds category includes funds that invest directly in a mix of stocks and bonds or obtain exposure through investing in other funds.
Mutual fund data reflects the investment activity of Canadian retail investors.
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 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. To learn more about IFIC, please visit www.ific.ca.
For more information please contact:
Pira Kumarasamy Senior Manager, Communications and Public Affairs pkumarasamy@ific.ca 416-309-2317
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
