TORONTO, April 18, 2019 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for March 2019. 

Mutual fund assets totalled $1.53 trillion at the end of March 2019. Assets increased by $27.1 billion or 1.8% compared to February 2019. Mutual funds recorded net sales of $1.8 billion in March 2019. 

ETF assets totalled $172.8 billion at the end of March 2019. Assets increased by $3.8 billion or 2.2% compared to February 2019. ETFs recorded net sales of $1.8 billion in March 2019.

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

Asset ClassMar. 2019Feb. 2019
Mar. 2018YTD 2019 YTD 2018
Long-term Funds       
Balanced(273)1,645 1,416 (320)8,396 
Equity(887)54 937 (250)3,801 
Bond1,816 1,919 127 4,914 1,369 
Specialty779 442 217 1,578 728 
Total Long-term Funds1,434 4,060 2,697 5,922 14,294 
Total Money Market Funds363 65 (133)(52)194 
Total 1,797 4,126 2,564 5,870 14,488 

Mutual Fund Net Assets ($ Billions)*

Asset ClassMar. 2019
Feb. 2019
Mar. 2018
Dec. 2018
Long-term Funds        
Balanced 786.5  773.3  767.7  737.1 
Equity 508.0  500.3  487.4  460.0 
Bond 191.3  186.6  188.3  180.2 
Specialty 20.1  19.3  14.9  18.3 
Total Long-term Funds 1,505.9  1,479.5  1,458.3  1,395.6 
Total Money Market Funds 27.6  27.0  24.6  27.5 
Total  1,533.5  1,506.4  1,482.9  1,423.1 

*   Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset ClassMar. 2019Feb. 2019Mar. 2018
YTD 2019
YTD 2018
Long-term Funds       
Balanced 233  174  112  542  252 
Equity 223  555  2,488  1,079  5,886 
Bond 1,301  480  295  2,167  1,273 
Specialty (41) 118  1  110  (179)
Total Long-term Funds 1,716  1,326  2,897  3,898  7,233 
Total Money Market Funds 69  (14) 14  102  161 
Total  1,785  1,312  2,911  4,000  7,394 

ETF Net Assets ($ Billions)*

Asset ClassMar. 2019
Feb. 2019
Mar. 2018
Dec. 2018
Long-term Funds        
Balanced3.4 3.1 1.8 2.6 
Equity109.3 107.7 97.5 97.5 
Bond55.6 53.7 49.3 52.2 
Specialty2.5 2.6 2.4 2.3 
Total Long-term Funds170.8 167.1 151.1 154.7 
Total Money Market Funds2.0 1.9 0.9 1.9 
Total 172.8 169.0 151.9 156.6 

*   Please see below for important information regarding this data.

IFIC ETF data is complemented with data from Morningstar Canada Inc.

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:

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