News Release
IFIC Monthly Investment Fund Statistics – June 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
July 23, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for June 2024.
Mutual fund assets totalled $2.073 trillion at the end of June, up by $14.2 billion or 0.7 per cent since May. Mutual fund net redemptions were $1.9 billion in June.
ETF assets totalled $440.5 billion at the end of June, up by $11.3 billion or 2.6 per cent since May. ETF net sales were $10.1 billion in June.
June insights
- In the first six months of 2024, mutual fund assets grew by $133.9 billion or 6.9 per cent.
- Mutual funds experienced positive flows across money market, bond, and specialty categories. Notably, money market mutual funds saw their largest inflows since March 2020, with 72 per cent of all money market funds reporting positive inflows.
- ETF sales were at an all-time high, with positive sales in every asset category.
- Bond funds accounted for over half of ETF net sales, marking the strongest sales month on record for this asset category.
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
Christine Harminc
Senior Manager, Communications and Public Affairs
charminc@ific.ca
416-309-2313
