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IFIC Monthly Investment Fund Statistics – March 2021

The Investment Funds Institute of Canada
·4-min read

Mutual Fund and Exchange-Traded Fund Assets and Sales

TORONTO, April 20, 2021 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for March 2021.

Mutual fund assets totalled $1.85 trillion at the end of March 2021. Assets increased by $35.1 billion or 1.9% compared to February 2021. Mutual funds recorded net sales of $13.0 billion in March 2021.

ETF assets totalled $278.0 billion at the end of March 2021. Assets increased by $8.7 billion or 3.2% compared to February 2021. ETFs recorded net sales of $4.7 billion in March 2021.

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

Asset Class

Mar. 2021

Feb. 2021

Mar. 2020

YTD 2021

YTD 2020

Long-term Funds

Balanced

8,987

8,745

(11,030

)

22,712

(5,015

)

Equity

4,539

6,490

(702

)

15,246

47

Bond

151

2,482

(6,674

)

5,729

(1,022

)

Specialty

392

779

181

1,749

1,424

Total Long-term Funds

14,069

18,497

(18,225

)

45,437

(4,566

)

Total Money Market Funds

(1,093

)

(957

)

4,130

(3,534

)

4,604

Total

12,977

17,540

(14,095

)

41,902

39

Mutual Fund Net Assets ($ Billions)*

Asset Class

Mar. 2021

Feb. 2021

Mar. 2020

Dec. 2020

Long-term Funds

Balanced

908.4

889.1

731.8

874.4

Equity

639.6

608.7

443.2

593.4

Bond

250.8

245.5

209.3

246.4

Specialty

16.7

36.0

25.6

35.0

Total Long-term Funds

1,815.5

1,779.3

1,410.0

1,749.3

Total Money Market Funds

30.3

31.4

36.4

34.4

Total

1,845.8

1,810.7

1,446.4

1,783.7

* Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset Class

Mar. 2021

Feb. 2021

Mar. 2020

YTD 2021

YTD 2020

Long-term Funds

Balanced

413

477

124

1,385

698

Equity

3,107

3,471

4,175

8,755

10,388

Bond

949

1,172

(1,209

)

3,431

3,104

Specialty

815

876

(139

)

1,749

58

Total Long-term Funds

5,284

5,996

2,952

15,320

14,247

Total Money Market Funds

(579

)

(230

)

31

(835

)

931

Total

4,705

5,766

2,983

14,485

15,178

ETF Net Assets ($ Billions)*

Asset Class

Mar. 2021

Feb. 2021

Mar. 2020

Dec. 2020

Long-term Funds

Balanced

8.8

8.3

4.7

7.2

Equity

175.4

167.7

110.7

158.4

Bond

80.4

80.2

66.2

79.3

Specialty

6.9

6.0

3.4

5.2

Total Long-term Funds

271.5

262.2

184.9

250.1

Total Money Market Funds

6.4

7.0

5.4

7.3

Total

278.0

269.2

190.3

257.3

* 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. 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