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IFIC Monthly Investment Fund Statistics – May 2022

·4 min read
The Investment Funds Institute of Canada
The Investment Funds Institute of Canada

Mutual Fund and Exchange-Traded Fund Assets and Sales

TORONTO, June 21, 2022 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for May 2022.

Mutual fund assets totalled $1.895 trillion at the end of May 2022. Assets decreased by $18.6 billion or 1.0% compared to April 2022. Mutual funds recorded net redemptions of $6.4 billion in May 2022.

ETF assets totalled $310.9 billion at the end of May 2022. Assets increased by $0.9 billion or 0.3% compared to April 2022. ETFs recorded net sales of $2.6 billion in May 2022.

Mutual Fund Net Sales/Net Redemptions ($ Millions)*

Asset Class

May 2022

Apr. 2022

May 2021

YTD 2022

 

YTD 2021

Long-term Funds

 

 

 

 

 

 

Balanced

(5,347

)

(2,055

)

4,276

 

1,012

 

31,555

 

Equity

(994

)

(697

)

3,268

 

6,942

 

22,131

 

Bond

(882

)

(1,752

)

1,098

 

(2,926

)

8,223

 

Specialty

57

 

(204

)

345

 

906

 

2,808

 

Total Long-term Funds

(7,166

)

(4,708

)

8,987

 

5,935

 

64,718

 

Total Money Market Funds

774

 

(199

)

(561

)

967

 

(5,060

)

Total

(6,391

)

(4,907

)

8,426

 

6,902

 

59,658

 

Mutual Fund Net Assets ($ Billions)*

Asset Class

May 2022

 

Apr. 2022

 

May 2021

 

Dec. 2021

 

Long-term Funds

 

 

 

 

 

 

 

 

Balanced

932.8

 

943.6

 

935.2

 

1,024.9

 

Equity

674.4

 

681.7

 

664.4

 

747.7

 

Bond

238.1

 

239.2

 

254.8

 

261.5

 

Specialty

22.1

 

22.2

 

18.0

 

22.2

 

Total Long-term Funds

1,867.4

 

1,886.7

 

1,872.3

 

2,056.3

 

Total Money Market Funds

27.6

 

26.9

 

28.6

 

26.4

 

Total

1,895.0

 

1,913.6

 

1,900.9

 

2,082.7

 

* Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset Class

May 2022

Apr. 2022

May 2021

YTD 2022

 

YTD 2021

Long-term Funds

 

 

 

 

 

 

Balanced

229

 

125

 

284

 

1,143

 

2,008

 

Equity

1,634

 

539

 

3,797

 

11,791

 

15,360

 

Bond

(235

)

322

 

1,751

 

1,277

 

6,799

 

Specialty

593

 

(115

)

1,941

 

1,373

 

5,135

 

Total Long-term Funds

2,221

 

870

 

7,773

 

15,584

 

29,301

 

Total Money Market Funds

347

 

91

 

(177

)

1,126

 

(1,676

)

Total

2,568

 

961

 

7,596

 

16,710

 

27,625

 

ETF Net Assets ($ Billions)*

Asset Class

May 2022

 

Apr. 2022

 

May 2021

 

Dec. 2021

 

Long-term Funds

 

 

 

 

 

 

 

 

Balanced

12.1

 

11.9

 

9.7

 

12.1

 

Equity

203.3

 

202.1

 

188.6

 

225.2

 

Bond

75.7

 

75.8

 

84.1

 

89.6

 

Specialty

12.4

 

13.0

 

9.5

 

13.6

 

Total Long-term Funds

303.4

 

302.9

 

291.9

 

340.5

 

Total Money Market Funds

7.5

 

7.1

 

5.6

 

6.6

 

Total

310.9

 

310.0

 

297.4

 

347.1

 

* Please see below for important information regarding this data.

IFIC direct survey data (which accounts for approximately 91% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

IFIC makes every effort to verify the accuracy, currency and completeness of the information; however, IFIC does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.

* Important Information Regarding Investment Fund Data:

  1. Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.

  2. Starting with January 2022 data, ETF data is adjusted to remove double counting arising from Canadian-listed ETFs that invest in units of other Canadian-listed ETFs. Any references to IFIC ETF assets and sales figures prior to 2022 data should indicate that the data has not been adjusted for ETF of ETF double counting.

  3. The Balanced Funds category includes funds that invest directly in a mix of stocks and bonds or obtain exposure through investing in other funds.

  4. Mutual fund data reflects the investment activity of Canadian retail investors.

  5. ETF data reflects the investment activity of Canadian retail and institutional investors.

About IFIC
The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together approximately 150 organizations, including fund managers, dealers, professional and back-office service providers, to strengthen the integrity of the investment funds industry, foster public confidence in investment funds, and enable investors to achieve good outcomes. By connecting 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