Market Overview

IFIC Monthly Statistics – July 2018

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TORONTO, Aug. 21, 2018 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced mutual fund net sales and net assets for July 2018. 

The combined assets of Canada's mutual fund industry totalled $1.53 trillion. Assets increased by $13.1 billion or 0.9% compared to June 2018.

The mutual fund industry recorded net sales of $772 million and year-to-date net sales of $15.2 billion. 

Sales Highlights:

  • Long-term fund net sales were $941 million in July and year-to-date net sales were $14.5 billion. Year-to-date long-term fund net sales were 59.2% lower than year-to-date, 2017.
  • Balanced fund net sales were $519 million in June and year-to-date net sales were $7.4 billion. Year-to-date balanced fund net sales were 63.9% lower than year-to-date, 2017.
  • Equity fund net sales were $45 million in June and year-to-date net sales were $4.6 billion. Year-to-date equity fund net sales were 8.4% lower than year-to-date, 2017.
  • Bond fund net sales were $33 million in June and year-to-date net sales were $685 million. Year-to-date bond fund net sales were 91.8% lower than year-to-date, 2017.
  • Money market fund net redemptions were $169 million in July 2018 and year-to-date net sales were $732 million. Year-to-date money market fund net sales were 301% higher than year-to-date, 2017.

Net Sales ($ Millions)

Asset Class July 2018 June 2018 July 2017 YTD 2018 YTD 2017
Long-term Funds          
  Balanced* 519 -955 2,134 7,357 20,382
  Equity 45 283 622 4,625 5,048
  Bond 33 -481 740 685 8,303
 Specialty 345 246 211 1,821 1,787
Total Long-term Funds 941 -907 3,707 14,489 35,520
Total Money Market Funds -169 440 240 732 -365
Total Industry 772 -466 3,948 15,220 35,156

Net Assets ($ Billions)

Asset Class July 2018 June 2018 July 2017 Dec 2017
Long-term Funds        
  Balanced*  785.0  779.3  731.8  766.1
  Equity  512.0  505.3  450.4  484.3
  Bond  187.9  187.5  183.7  187.7
  Specialty  16.9  16.4  12.8  14.7
Total Long-term Funds  1,501.8  1,488.5  1,378.8  1,452.8
Total Money Market Funds  25.3  25.5  23.8  24.2
Total Industry  1,527.1  1,514.0  1,402.6  1,477.1

* Balanced funds include funds that invest in a mix of stocks and bonds as well as funds that invest in a mix of separate stand-alone funds.

IFIC makes every effort to verify the accuracy, currency and completeness of the information; however, IFIC does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.

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. To learn more about IFIC, please visit www.ific.ca. 

For more information please contact:

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

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