News Release
IFIC monthly investment fund statistics – March 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
April 23, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for March 2024.
Mutual fund assets totalled $2.055 trillion at the end of March, up by $43.1 billion or 2.1 per cent since February. Mutual fund net sales were $0.2 billion in March.
ETF assets totalled $417.1 billion at the end of March, up by $13.4 billion or 3.3 per cent since February. ETF net sales were $4.0 billion in March.
March insights
- Mutual fund and ETF assets increased for the fifth consecutive month. For mutual funds, assets increased by 13.5 per cent, or by $244.4 billion since October 2023. ETF assets increased by 20.8 per cent or by $71.8 billion.
- Bond funds have been the largest source of mutual fund inflows and the best-selling asset category for the past four months. Prior to December, money market funds saw the highest inflows each month going back to March 2023.
- For ETFs, inflows remained concentrated in equity funds. Year to date, equity funds accounted for 74.1 per cent of total 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
