TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today announced its investment fund net sales and net worth for December 2022.
Mutual fund assets totaled $1,809 billion at the end of December 2022. Assets decreased by $61.3 billion or 3.3% compared to November 2022. Mutual funds record $8.7 billion in net redemptions in December 2022.
ETF assets totaled $313.7 billion at the end of December 2022. Assets decreased by $4.1 billion or 1.3% compared to November 2022. The ETF has net sales of $7.7 billion in December 2022.
Mutual Fund Net Sales/Net Redemptions ($ millions)*
| asset class | December 2022 | November 2022 | December 2021 | 2022 | 2021 |
| long term funding | |||||
| balanced | (4,969) | (5,066) | 1,628 | (29,999) | 63,346 |
| stock | (3,080) | (3,014) | 462 | (8,480) | 37,102 |
| hook up | (2,254) | (1,104) | (1,276) | (13,790) | 14,530 |
| specialty | (37) | (Ten) | 415 | 1,166 | 6,010 |
| Total long-term funding | (10,340) | (9,194) | 1,229 | (51,103) | 120,988 |
| Total money market funds | 1,642 | 551 | 185 | 7,026 | (7,414) |
| total | (8,698) | (8,643) | 1,415 | (44,077) | 113,574 |
Net Assets of Mutual Funds ($ Billion)*
| asset class | December 2022 | November 2022 | December 2021 |
| long term funding | |||
| balanced | 880.5 | 909.6 | 1,024.9 |
| stock | 649.4 | 679.4 | 747.6 |
| hook up | 222.6 | 226.3 | 261.4 |
| specialty | 22.1 | 22.4 | 22.2 |
| Total long-term funding | 1,774.6 | 1,837.7 | 2,056.1 |
| Total money market funds | 34.4 | 32.6 | 26.4 |
| total | 1,809.0 | 1,870.3 | 2,082.5 |
*Please see below for important information regarding this data.
ETF Net Sales/Net Redemptions ($ million)*
| asset class | December 2022 | November 2022 | December 2021 | 2022 | 2021 |
| long term funding | |||||
| balanced | 125 | twenty two | 296 | 1,634 | 3,984 |
| stock | 1,950 | 1,524 | 3,326 | 13,981 | 34,525 |
| hook up | 3,524 | 1,343 | 1,209 | 9,301 | 12,359 |
| specialty | (94) | 216 | 520 | 1,378 | 8,512 |
| Total long-term funding | 5,504 | 3,105 | 5,351 | 26,294 | 59,380 |
| Total money market funds | 2,172 | 1,088 | 283 | 9,797 | (675) |
| total | 7,676 | 4,193 | 5,633 | 36,091 | 58,706 |
ETF Net Worth ($ Billion)*
| asset class | December 2022 | November 2022 | December 2021 |
| long term funding | |||
| balanced | 12.0 | 12.4 | 12.1 |
| stock | 194.9 | 202.9 | 225.2 |
| hook up | 80.4 | 77.8 | 89.6 |
| specialty | 10.2 | 10.6 | 13.6 |
| Total long-term funding | 297.5 | 303.7 | 340.5 |
| Total money market funds | 16.3 | 14.1 | 6.6 |
| total | 313.7 | 317.8 | 347.1 |
*Please see below for important information regarding this data.
IFIC’s direct research data, which accounts for approximately 85% of total mutual fund industry assets and approximately 83% of total ETF industry assets, is complemented by inferred data that provide comprehensive industry totals.
IFIC makes every effort to verify the accuracy, currency and completeness of the information. However, IFIC does not warrant, represent or warrant that the information provided is correct, accurate or current.
© Canadian Investment Funds Association. May not be reproduced or republished in whole or in part without permission.
* Important information about investment fund data:
- Mutual fund data has been adjusted to remove double counting resulting from mutual funds investing in other mutual funds.
- Starting with January 2022 data, ETF data has been adjusted to remove double counting resulting from Canadian Listed ETFs investing in units of other Canadian Listed ETFs. References to IFIC ETF assets and sales prior to 2022 data should indicate that the data has not been adjusted for double counting of ETFs.
- The Balanced Funds category includes funds that invest directly in a combination of stocks and bonds or that obtain exposure through investments in other funds.
- Mutual fund data reflects the investment activity of Canadian retail investors.
- ETF data reflects the investment activity of Canadian retail and institutional investors.
About IFIC
The Investment Funds Association of Canada is the voice of the Canadian investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to develop a strong and stable investment sector that enables investors to achieve their financial goals. By linking Canadian savers to the Canadian economy, Canadian industry contributes significantly to Canada’s economic growth and job creation. For more information on IFIC, please visit www.ific.ca.
For more information, please contact:
Pila Kumarasamy
Senior Manager of Communications and Public Relations
pkumarasamy@ific.ca
416-309-2317