News Release

IFIC Monthly Investment Fund Statistics – September 2024

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

October 22, 2024 (Toronto) – The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for September 2024.

Mutual fund assets totalled $2.186 trillion at the end of September, up by $40.5 billion or 1.9 per cent since August. Mutual fund net sales were $0.8 billion in September.

ETF assets totalled $478.5 billion at the end of September, up by $14.5 billion or 3.1 per cent since August. ETF net sales were $5.5 billion in September.

September insights

• Mutual fund net sales remained positive each month during the last quarter and were positive in five of the nine months this year.
• The majority of inflows were in the bond fund category, although these sales were partially offset by outflows from the balanced and equity categories. Bond fund sales have been positive every month this year.
• ETF assets have increased by $96.5 billion, or 25.3 per cent, year to date. This growth was driven equally by inflows and positive market effect.

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