News Release
IFIC Monthly Investment Fund Statistics – November 2024
Mutual fund and exchange-traded fund (ETF) assets and sales
December 20, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for November 2024.
Mutual fund assets totalled $2.268 trillion at the end of November, up by $78.8 billion or 3.6 per cent since October. Mutual fund net sales were $4.6 billion in November.
ETF assets totalled $515.5 billion at the end of November, up by $28.4 billion or 5.8 per cent since October. ETF net sales were $9.0 billion in November.
November insights
- The growth in mutual fund and ETF assets was the largest single-month increase so far in 2024.
- ETF assets crossed the $500 billion mark for the first time.
- November recorded the second-largest mutual fund monthly net sales in history with all major asset classes generating inflows.
- ETF net sales set a new record for the first 11 months of the year, surpassing the previous high established in 2021 during the post-Covid recovery period.
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
