News Release

IFIC Monthly Investment Fund Statistics – October 2023

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

November 24, 2023 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for October 2023.

Mutual fund assets totalled $1.808 trillion at the end of October. Assets decreased by $28.3 billion or 1.5 per cent since September. Mutual fund net redemptions were $12.5 billion in October.

ETF assets totalled $345.3 billion at the end of October, down by $1.2 billion or 0.3 per cent from September 2023. ETF net sales were $2.9 billion in October.

October insights

• Year to date, mutual fund assets decreased by 0.1 per cent or $1.8 billion, while ETF assets increased by 10.1 per cent or $31.6 billion.
• October was the eighth consecutive month of mutual fund net redemptions. Outflows for the month amounted to 0.7 per cent of September’s total assets. Despite overall net redemptions, 30 per cent of all mutual funds had positive net sales.
• Every major ETF asset class generated positive net sales. Of the asset classes, bond funds accounted for the largest inflows at 49.5 per cent.

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