IFIC Launches 2018 Investment Funds Report

TORONTO, Jan. 24, 2019 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today launched its 2018 Investment Funds Report. The web-based year-end report provides statistics and analysis of both mutual fund and exchange traded funds (ETF) sales activity and assets under management for 2018. IFIC will now report both mutual fund and ETF data on a monthly basis.

“IFIC’s data collection and analysis are critical to the understanding of the Canadian investment funds industry to enable us to identify trends and evaluate the impact of regulatory and policy actions,” said Paul Bourque, President and CEO, IFIC. “Including ETF data in our reporting provides a more comprehensive view of the investment funds industry.”

Key highlights:

• At the end of 2018, Canadian investment fund assets totalled $1.58 trillion. Mutual funds accounted for $1.42 trillion and ETFs accounted for $156.7 billion.
   
• Investment fund sales were $20.6 billion in 2018. Mutual funds sales accounted for $109 million and ETF sales were $20.5 billion.
   
• In 2018, there was a negative market effect of $54 billion, representing the largest negative impact of market effect since 2008.

To view IFIC’s 2018 Investment Funds Report, please visit IFIC.ca.

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 IFIC.ca. 

For more information please contact:

Lisa Hall
Senior Manager, Communications and Public Affairs
lhall@ific.ca
416-309-2317