TORONTO, Feb. 23, 2023 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for January 2023.
Mutual fund assets totalled $1.886 trillion at the end of January 2023. Assets increased by $77.0 billion or 4.3% compared to December 2022. Mutual funds recorded net redemptions of $477 million in January 2023.
ETF assets totalled $328.9 billion at the end of January 2023. Assets increased by $15.2 billion or 4.8% compared to December 2022. ETFs recorded net redemptions of $491 million in January 2023.
Mutual Fund Net Sales/Net Redemptions ($ Millions)*
Asset Class
Jan. 2023
Dec. 2022
Jan. 2022
Long-term Funds
Balanced
(4,384
)
(4,969
)
3,095
Equity
(668
)
(3,083
)
2,926
Bond
3,463
(2,253
)
356
Specialty
650
(37
)
631
Total Long-term Funds
(940
)
(10,342
)
7,009
Total Money Market Funds
463
1,642
178
Total
(477
)
(8,700
)
7,186
Mutual Fund Net Assets ($ Billions)*
Asset Class
Jan. 2023
Dec. 2022
Jan. 2022
Long-term Funds
Balanced
911.8
880.5
997.9
Equity
684.0
649.4
719.1
Bond
232.3
222.7
255.9
Specialty
23.0
22.1
22.4
Total Long-term Funds
1,851.0
1,774.7
1,995.2
Total Money Market Funds
35.0
34.4
26.6
Total
1,886.1
1,809.1
2,021.8
* Please see below for important information regarding this data.
ETF Net Sales/Net Redemptions ($ Millions)*
Asset Class
Jan. 2023
Dec. 2022
Jan. 2022
Long-term Funds
Balanced
65
125
301
Equity
(383
)
1,950
4,297
Bond
(940
)
3,524
(269
)
Specialty
492
(94
)
88
Total Long-term Funds
(766
)
5,504
4,417
Total Money Market Funds
275
2,172
161
Total
(491
)
7,676
4,579
ETF Net Assets ($ Billions)*
Asset Class
Jan. 2023
Dec. 2022
Jan. 2022
Long-term Funds
Balanced
12.7
12.0
12.1
Equity
206.6
194.9
206.4
Bond
81.6
80.4
79.6
Specialty
11.4
10.2
12.3
Total Long-term Funds
312.4
297.5
310.4
Total Money Market Funds
16.5
16.3
6.6
Total
328.9
313.7
317.0
* Please see below for important information regarding this data.
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 Data:
Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
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.
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.
