News Release

IFIC Monthly Investment Fund Statistics – October 2024

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

November 25, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for October 2024.

Mutual fund assets totalled $2.189 trillion at the end of October, up by $3.3 billion or 0.2 per cent since September. Mutual fund net sales were $3.6 billion in October.

ETF assets totalled $486.8 billion at the end of October, up by $8.3 billion or 1.7 per cent since September. ETF net sales were $8.2 billion in October.

October insights

• Mutual fund assets increased for the sixth consecutive month with growth driven almost entirely by new sales.
• Bond funds represented the vast majority of mutual fund sales, most of which were global and high-yield fixed income funds. In Canadian fixed income investments, approximately half were short-term bond funds.
• As with mutual funds, ETF asset growth was driven primarily by new sales. Equities led ETF sales.
• October ETF sales were the second highest this year and the third highest ever.

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