U.S. markets open in 5 hours 11 minutes

IFIC Monthly Investment Fund Statistics – February 2020

Mutual Fund and Exchange-Traded Fund Assets and Sales

TORONTO, March 24, 2020 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for February 2020. 

Mutual fund assets totalled $1.61 trillion at the end of February 2020. Assets decreased by $51.2 billion or 3.1% compared to January 2020. Mutual funds recorded net sales of $8.2 billion in February 2020. 

ETF assets totalled $210.3 billion at the end of February 2020. Assets decreased by $0.7 billion or 0.3% compared to January 2020. ETFs recorded net sales of $8.5 billion in February 2020.

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

Asset Class Feb. 2020 Jan. 2020 Feb. 2019 YTD 2020 YTD 2019
Long-term Funds          
 Balanced 3,519 2,496   1,645 6,015 (47 )
 Equity 318 432   43 750 621  
 Bond 2,873 2,778   1,919 5,651 3,099  
 Specialty 722 522   442 1,243 799  
Total Long-term Funds 7,431 6,228   4,049 13,659 4,471  
Total Money Market Funds 730 (255 ) 65 475 (415 )
Total 8,161 5,973   4,114 14,134 4,056  

Mutual Fund Net Assets ($ Billions)*

Asset Class Feb. 2020 Jan. 2020 Feb. 2019 Dec. 2019  
Long-term Funds          
  Balanced  812.7  835.5  773.3  821.8  
  Equity  506.6  537.9  500.3  532.5  
  Bond  227.1  224.6  186.6  218.2  
  Specialty  27.8  28.1  19.3  27.3  
Total Long-term Funds  1,574.2  1,626.1  1,479.4  1,599.8  
Total Money Market Funds  32.1  31.4  27.0  30.6  
Total  1,606.3  1,657.5  1,506.4  1,630.4  

*   Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset Class Feb. 2020 Jan. 2020 Feb. 2019 YTD 2020 YTD 2019  
Long-term Funds            
Balanced   264   310  174    574   309  
Equity   4,908   1,301  549    6,209   846  
Bond   2,848   1,467  483    4,316   870  
Specialty   43   153  120    196   154  
Total Long-term Funds   8,063   3,232  1,325    11,295   2,179  
Total Money Market Funds   443   457  (14 )  900   33  
Total   8,506   3,689  1,311    12,195   2,212  

ETF Net Assets ($ Billions)*

Asset Class Feb. 2020 Jan. 2020 Feb. 2019 Dec. 2019  
Long-term Funds          
  Balanced  5.3   5.2   3.1   4.9  
  Equity  124.6   128.5   107.7   126.2  
  Bond  71.2   68.4   53.7   65.9  
  Specialty  3.8   3.8   2.6   3.7  
Total Long-term Funds  204.9   206.0   167.1   200.6  
Total Money Market Funds  5.4   4.9   1.9   4.5  
Total  210.3   211.0   169.0   205.1  

*   Please see below for important information regarding this data.

IFIC direct survey data (which accounts for approximately 84% 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. ETF data is not adjusted to remove double counting arising from ETFs that invest in other ETFs.
  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 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. To learn more about IFIC, please visit www.ific.ca

For more information please contact:

Pira Kumarasamy
Senior Manager, Communications and Public Affairs
pkumarasamy@ific.ca
416-309-2317