Investment
IFIC Monthly Investment Fund Statistics – June 2021 – GlobeNewswire
TORONTO, July 21, 2021 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for June 2021.
Mutual fund assets totalled $1.950 trillion at the end of June 2021. Assets increased by $53.3 billion or 2.8% compared to May 2021. Mutual funds recorded net sales of $12.6 billion in June 2021.
ETF assets totalled $306.8 billion at the end of June 2021. Assets increased by $9.4 billion or 3.2% compared to May 2021. ETFs recorded net sales of $5.0 billion in June 2021.
Mutual Fund Net Sales/Net Redemptions ($ Millions)*
Asset Class | Jun. 2021 | May 2021 | Jun. 2020 | YTD 2021 | YTD 2020 | |||||
Long-term Funds | ||||||||||
Balanced | 8,053 | 4,243 | 550 | 39,575 | (6,652 | ) | ||||
Equity | 3,796 | 3,266 | 245 | 25,925 | 1,918 | |||||
Bond | 1,112 | 1,093 | 3,054 | 9,330 | 4,692 | |||||
Specialty | 565 | 345 | 462 | 3,099 | 2,898 | |||||
Total Long-term Funds | 13,526 | 8,948 | 4,311 | 77,929 | 2,856 | |||||
Total Money Market Funds | (942 | ) | (561 | ) | (429 | ) | (6,002 | ) | 4,965 | |
Total | 12,584 | 8,386 | 3,882 | 71,927 | 7,821 |
Mutual Fund Net Assets ($ Billions)*
Asset Class | Jun. 2021 | May 2021 | Jun. 2020 | Dec. 2020 |
Long-term Funds | ||||
Balanced | 959.1 | 933.4 | 798.6 | 874.4 |
Equity | 686.9 | 662.1 | 507.9 | 593.4 |
Bond | 257.2 | 254.3 | 227.4 | 246.4 |
Specialty | 18.7 | 18.0 | 29.0 | 35.0 |
Total Long-term Funds | 1,921.9 | 1,867.8 | 1,562.9 | 1,749.3 |
Total Money Market Funds | 27.8 | 28.5 | 37.0 | 34.4 |
Total | 1,949.7 | 1,896.3 | 1,599.8 | 1,783.7 |
* Please see below for important information regarding this data.
ETF Net Sales/Net Redemptions ($ Millions)*
Asset Class | Jun. 2021 | May 2021 | Jun. 2020 | YTD 2021 | YTD 2020 | ||
Long-term Funds | |||||||
Balanced | 320 | 284 | 131 | 2,328 | 962 | ||
Equity | 2,727 | 3,797 | 2,657 | 18,087 | 15,425 | ||
Bond | 1,224 | 1,751 | 1,054 | 8,023 | 3,472 | ||
Specialty | 665 | 1,941 | 98 | 5,785 | 999 | ||
Total Long-term Funds | 4,936 | 7,773 | 3,941 | 34,223 | 20,859 | ||
Total Money Market Funds | 103 | (177 | ) | 180 | (1,573 | ) | 1,770 |
Total | 5,039 | 7,596 | 4,121 | 32,650 | 22,629 |
ETF Net Assets ($ Billions)*
Asset Class | Jun. 2021 | May 2021 | Jun. 2020 | Dec. 2020 |
Long-term Funds | ||||
Balanced | 10.1 | 9.7 | 5.6 | 7.2 |
Equity | 195.4 | 188.6 | 131.6 | 158.4 |
Bond | 85.8 | 84.1 | 70.1 | 79.3 |
Specialty | 9.8 | 9.5 | 4.3 | 5.2 |
Total Long-term Funds | 301.2 | 291.9 | 211.6 | 250.0 |
Total Money Market Funds | 5.7 | 5.6 | 6.2 | 7.3 |
Total | 306.8 | 297.4 | 217.8 | 257.3 |
* Please see below for important information regarding this data.
IFIC direct survey data (which accounts for approximately 91% 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
Investment
Private equity gears up for potential National Football League investments – Financial Times
Standard Digital
Weekend Print + Standard Digital
$75 per month
Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.
Investment
Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates – Bloomberg
Like a bad houseguest, hotter-than-expected inflation continues to linger in the US.
Traders had hoped by now the Federal Reserve would be free to start cutting interest rates — boosting rate-sensitive stocks and unlocking a largely frozen real estate market. Instead, stubborn price growth has some on Wall Street rethinking whether the central bank will lower rates at all this year.
Investment
Want to Outperform 88% of Professional Fund Managers? Buy This 1 Investment and Hold It Forever. – The Motley Fool
You don’t have to be a stock market genius to outperform most pros.
You might not think it’s possible to outperform the average Wall Street professional with just a single investment. Fund managers are highly educated and steeped in market data. They get paid a lot of money to make smart investments.
But the truth is, most of them may not be worth the money. With the right steps, individual investors can outperform the majority of active large-cap mutual fund managers over the long run. You don’t need a doctorate or MBA, and you certainly don’t need to follow the everyday goings-on in the stock market. You just need to buy a single investment and hold it forever.
That’s because 88% of active large-cap fund managers have underperformed the S&P 500 index over the last 15 years thru Dec. 31, 2023, according to S&P Global’s most recent SPIVA (S&P Indices Versus Active) scorecard. So if you buy a simple S&P 500 index fund like the Vanguard S&P 500 ETF (VOO -0.23%), chances are that your investment will outperform the average active mutual fund in the long run.
Why is it so hard for fund managers to outperform the S&P 500?
It’s a good bet that the average fund manager is hardworking and well-trained. But there are at least two big factors working against active fund managers.
The first is that institutional investors make up roughly 80% of all trading in the U.S. stock market — far higher than it was years ago when retail investors dominated the market. That means a professional investor is mostly trading shares with another manager who is also very knowledgeable, making it much harder to gain an edge and outperform the benchmark index.
The more basic problem, though, is that fund managers don’t just need to outperform their benchmark index. They need to beat the index by a wide enough margin to justify the fees they charge. And that reduces the odds that any given large-cap fund manager will be able to outperform an S&P 500 index fund by a significant amount.
The SPIVA scorecard found that just 40% of large-cap fund managers outperformed the S&P 500 in 2023 once you factor in fees. So if the odds of outperforming fall to 40-60 for a single year, you can see how the odds of beating the index consistently over the long run could go way down.
What Warren Buffett recommends over any other single investment
Warren Buffett is one of the smartest investors around, and he can’t think of a single better investment than an S&P 500 index fund. He recommends it even above his own company, Berkshire Hathaway.
In his 2016 letter to shareholders, Buffett shared a rough calculation that the search for superior investment advice had cost investors, in aggregate, $100 billion over the previous decade relative to investing in a simple index fund.
Even Berkshire Hathaway holds two small positions in S&P 500 index funds. You’ll find shares of the Vanguard S&P 500 ETF and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) in Berkshire’s quarterly disclosures. Both are great options for index investors, offering low expense ratios and low tracking errors (a measure of how closely an ETF price follows the underlying index). There are plenty of other solid index funds you could buy, but either of the above is an excellent option as a starting point.
Adam Levy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
-
Investment23 hours ago
UK Mulls New Curbs on Outbound Investment Over Security Risks – BNN Bloomberg
-
Sports21 hours ago
Auston Matthews denied 70th goal as depleted Leafs lose last regular-season game – Toronto Sun
-
Media2 hours ago
DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. – Barron's
-
Business20 hours ago
BC short-term rental rules take effect May 1 – CityNews Vancouver
-
Media4 hours ago
Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock – CNBC
-
Art20 hours ago
Collection of First Nations art stolen from Gordon Head home – Times Colonist
-
Investment20 hours ago
Benjamin Bergen: Why would anyone invest in Canada now? – National Post
-
Tech22 hours ago
Save $700 Off This 4K Projector at Amazon While You Still Can – CNET