News Release

IFIC Releases Monthly Statistics for June 2018

IFIC Monthly Statistics – June 2018

Toronto, ON – July 19, 2018 – The Investment Funds Institute of Canada (IFIC) today announced mutual fund net sales and net assets for June 2018.

The combined assets of Canada’s mutual fund industry totalled $1.51 trillion. Assets increased by $11.3 billion or 0.8% compared to May 2018.

The mutual fund industry recorded net redemptions of $466 million and year-to-date net sales of $14.4 billion.

Sales Highlights:

• Long-term fund net redemptions were $907 million in June and year-to-date net sales were $13.5 billion. Year-to-date long-term fund net sales were 57.4% lower than year-to-date, 2017.
• Balanced fund net redemptions were $955 million in June and year-to-date net sales were $6.8 billion. Year-to-date balanced fund net sales were 62.5% lower than year-to-date, 2017.
• Equity fund net sales were $283 million in June and year-to-date net sales were $4.6 billion. Year-to-date equity fund net sales were 3.5% higher than year-to-date, 2017.
• Bond fund net redemptions were $481 million in June and year-to-date net sales were $652 million. Year-to-date bond fund net sales were 91.4% lower than year-to-date, 2017.
• Money market fund net sales were $440 million in June 2018 and year-to-date net sales were $901 million. Year-to-date money market fund net sales were 249% higher than year-to-date, 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. The organization is proud to have served Canada’s investment funds industry and its investors for more than 50 years.

For more information please contact:

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