News Release
IFIC Monthly Investment Fund Statistics – September 2023
Mutual fund and exchange-traded fund (ETF) assets and sales
October 20, 2023 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for September 2023.
Mutual fund assets totalled $1.836 trillion at the end of September. Assets decreased by $64.8 billion or 3.4 per cent compared to August 2023. Mutual funds recorded net redemptions of $7.6 billion in September.
ETF assets totalled $346.5 billion at the end of September. Assets decreased by $8.5 billion or 2.4 per cent from August. ETFs recorded net sales of $2.9 billion in September.
September Insights
- Year to date, mutual fund assets increased by $26.5 billion or 1.5 per cent and ETF assets increased by $32.8 billion or 10.5 per cent.
- Similar to last month, money market fund sales were highest across all major asset classes for both mutual funds and ETFs, with the majority going into high-interest saving account (HISA) funds.
- Thirty per cent of mutual funds had positive net sales and 51 per cent of ETFs had positive 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
