News Release

IFIC Releases Monthly Statistics for December 2018

Toronto, ON – January 17, 2019 – The Investment Funds Institute of Canada (IFIC) today announced mutual fund net sales and net assets for December 2018.

The combined assets of Canada’s mutual fund industry totalled $1.42 trillion. Assets decreased by $51.8 billion or 3.5% compared to November 2018.

The mutual fund industry recorded net sales of -$7.9 billion in December and net sales of $109 million for 2018.

Sales Highlights:

• Long-term fund net sales were -$8.9 billion in December. For 2018, net sales were -$2.5 billion, which were 105.7% lower than 2017.
• Balanced fund net sales were -$3.5 billion in December. For 2018, net sales were $418 million, which were 98.3% lower than 2017.
• Equity fund net sales were -$2.8 billion in December. For 2018, net sales were -$224 million, which were 103.2% lower than 2017.
• Bond fund net sales were -$2.9 billion in December. For 2018, net sales were -$6.8 billion, which were 167.4% lower than 2017.
• Money market fund net sales were $1.1 billion in December. For 2018, net sales were $2.7 billion, which were 1513% higher than 2017.

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:

Lisa Hall
Senior Manager, Communications and Public Affairs
lhall@ific.ca
416-309-2317