Market Overview

IFIC Monthly Investment Fund Statistics – October 2020

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for October 2020.

Mutual fund assets totalled $1.64 trillion at the end of October 2020. Assets decreased by $24.1 billion or 1.4% compared to September 2020. Mutual funds October net sales of $3.4 billion in October 2020.

ETF assets totalled $232.1 billion at the end of October 2020. Assets decreased by $2.5 billion or 1.1% compared to September 2020. ETFs recorded net sales of $1.9 billion in October 2020.

Mutual Fund Net Sales/Net Redemptions ($ Millions)*

Asset Class Oct. 2020 Sep. 2020 Oct. 2019 YTD 2020 YTD 2019
Long-term Funds          
Balanced 1,171   (232 ) 593   (4,894 ) 81  
Equity (3 ) (1,641 ) (1,719 ) (475 ) (11,464 )
Bond 1,775   1,537   1,690   13,437   16,278  
Specialty 616   500   722   5,035   5,755  
Total Long-term Funds 3,559   165   1,285   13,104   10,650  
Total Money Market Funds (167 ) (198 ) 37   4,322   1,165  
Total 3,393   (33 ) 1,322   17,425   11,815  

Mutual Fund Net Assets ($ Billions)*

Asset Class Oct. 2020 Sep. 2020 Oct. 2019 Dec. 2019
Long-term Funds        
Balanced 812.6 825.2 805.2 821.8
Equity 522.0 534.7 514.3 532.5
Bond 238.6 237.6 215.4 218.2
Specialty 32.1 31.7 25.6 27.3
Total Long-term Funds 1,605.3 1,629.2 1,560.6 1,599.8
Total Money Market Funds 36.9 37.0 29.6 30.6
Total 1,642.1 1,666.2 1,590.2 1,630.4

* Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset Class Oct. 2020 Sep. 2020 Oct. 2019 YTD 2020 YTD 2019
Long-term Funds          
Balanced 193 163   123 1,522 1,591
Equity 1,280 (343 ) 1,856 19,833 6,285
Bond 231 804   1,083 8,994 8,927
Specialty 78 52   163 1,633 756
Total Long-term Funds 1,782 675   3,225 31,982 17,558
Total Money Market Funds 154 24   621 2,385 1,791
Total 1,936 699   3,846 34,366 19,349

ETF Net Assets ($ Billions)*

Asset Class Oct. 2020 Sep. 2020 Oct. 2019 Dec. 2019
Long-term Funds        
Balanced 6.2 6.1 4.5 4.9
Equity 138.1 140.7 117.9 126.2
Bond 75.9 76.1 62.9 65.9
Specialty 5.0 4.9 3.3 3.7
Total Long-term Funds 225.2 227.9 188.6 200.6
Total Money Market Funds 6.9 6.7 3.7 4.5
Total 232.1 234.6 192.3 205.1

* Please see below for important information regarding this data.

IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

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.

* Important Information Regarding Investment Fund Data:

  1. Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  2. ETF data is not adjusted to remove double counting arising from ETFs that invest in other ETFs.
  3. The Balanced Funds category includes funds that invest directly in a mix of stocks and bonds or obtain exposure through investing in other funds.
  4. Mutual fund data reflects the investment activity of Canadian retail investors.
  5. ETF data reflects the investment activity of Canadian retail and institutional investors.

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

For more information please contact:

Pira Kumarasamy
Senior Manager, Communications and Public Affairs
pkumarasamy@ific.ca
416-309-2317


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