News Release

IFIC Monthly Investment Fund Statistics – February 2024

Mutual fund and exchange-traded fund (ETF) assets and sales

March 21, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for February 2024.

Mutual fund assets totalled $2.012 trillion at the end of February, up by $57.1 billion or 2.9 per cent since January. Mutual fund net sales were $3.2 billion in February.

ETF assets totalled $403.7 billion at the end of February, up by $16.0 billion or 4.1 per cent since January. ETF net sales were $5.5 billion in February.

February insights

• For the first time since March 2022, mutual fund asset levels surpassed $2 trillion.
• ETF assets reached a new high, surpassing the $400 billion mark for the first time ever.
• Mutual fund net sales were positive, after 11 consecutive months of negative net sales.
• Bond mutual funds had the highest inflows with $1.8 billion in net sales, followed closely by equity funds with $1.5 billion in net sales.
• Within ETFs, equity funds had the highest inflows with $4.0 billion in net sales, followed by bond funds with $1.2 billion in net sales.

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 please contact:

Christine Harminc
Senior Manager, Communications and Public Affairs
charminc@ific.ca
416-309-2313