News Release

IFIC Monthly Investment Fund Statistics – May 2023

Mutual Fund and Exchange-Traded Fund Assets and Sales

June 21, 2023 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for May 2023.

Mutual fund assets totalled $1.865 trillion at the end of May 2023. Assets decreased by $39.6 billion or 2.1% compared to April 2023. Mutual funds recorded net redemptions of $3.8 billion in May 2023.

ETF assets totalled $337.2 billion at the end of May 2023. Assets decreased by $6.9 billion or 2.0% compared to April 2023. ETFs recorded net sales of $2.4 billion in May 2023.

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:

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