News Release

IFIC Monthly Investment Fund Statistics – December 2024

Mutual fund and exchange-traded fund (ETF) assets and sales

January 22, 2025 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for December 2024.

Mutual fund assets totalled $2.242 trillion at the end of December, down by $25.3 billion or 1.1 per cent since November. Mutual fund net sales were $2.6 billion in December.

ETF assets totalled $517.6 billion at the end of December, up by $2.3 billion or 0.4 per cent since November. ETF net sales were $10.6 billion in December.

December insights

• In 2024, mutual fund assets increased by $303.7 billion, or 15.7 per cent. This is the largest annual dollar growth in mutual fund assets on record.
• December saw positive mutual fund sales and the sixth consecutive month of net inflows. The year ended with overall positive net inflows, a significant turnaround after two consecutive years of negative net sales.
• By the end of 2024, ETFs reached a new all-time high. Over the year, total assets grew by a remarkable 35.5 per cent.
• In December, ETFs experienced the highest single-month inflows ever recorded, contributing to 2024 achieving the largest annual inflows in history.

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