IFIC Monthly Investment Fund Statistics – March 2023

Mutual Fund and Exchange-Traded Fund Assets and Sales


TORONTO, April 25, 2023 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for March 2023.

Mutual fund assets totalled $1.883 trillion at the end of March 2023. Assets increased by $15.3 billion or 0.8% compared to February 2023. Mutual funds recorded net redemptions of $3.4 billion in March 2023.

ETF assets totalled $337.1 billion at the end of March 2023. Assets increased by $9.2 billion or 2.8% compared to February 2023. ETFs recorded net sales of $6.8 billion in March 2023.

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

Asset ClassMar. 2023Feb. 2023Mar. 2022YTD 2023YTD 2022
Long-term Funds     
Balanced(4,167)(945)257 (9,512)8,419 
Equity(1,982)423 1,104 (2,228)8,733 
Bond497 2,365 (511)6,324 (317)
Specialty427 114 175 1,188 1,049 
Total Long-term Funds(5,225)1,957 1,024 (4,227)17,884 
Total Money Market Funds1,823 1,301 102 4,222 392 
Total(3,402)3,258 1,126 (6)18,276 


Mutual Fund Net Assets ($ Billions)*

Asset ClassMar. 2023Feb. 2023Mar. 2022Dec. 2022
Long-term Funds    
Balanced903.7898.5985.0880.6
Equity683.0677.6719.4649.6
Bond233.5231.3247.6222.7
Specialty23.723.222.622.3
Total Long-term Funds1,844.01,830.61,974.61,775.2
Total Money Market Funds39.237.327.034.5
Total 1,883.21,867.92,001.61,809.8

* Please see below for important information regarding this data.

ETF Net Sales/Net Redemptions ($ Millions)*

Asset ClassMar. 2023Feb. 2023Mar. 2022YTD 2023YTD 2022
Long-term Funds     
Balanced156 167238387789
Equity3,784 1,0212,2174,4229,618
Bond2,297 1,2281,5122,5851,190
Specialty(190)313498615895
Total Long-term Funds6,047 2,7294,4658,01012,492
Total Money Market Funds795 1,3711162,441688
Total 6,842 4,1004,58010,45013,180


ETF Net Assets ($ Billions)*

Asset ClassMar. 2023Feb. 2023Mar. 2022Dec. 2022
Long-term Funds    
Balanced13.012.712.412.0
Equity209.3204.3213.0194.9
Bond84.481.378.280.4
Specialty11.711.614.210.2
Total Long-term Funds318.4310.0317.7297.5
Total Money Market Funds18.717.97.016.3
Total337.1327.9324.7313.7

* Please see below for important information regarding this data.

IFIC direct survey data (which accounts for approximately 85% of total mutual fund industry assets and approximately 83% of total ETF industry assets) is complemented by estimated data 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.

© The Investment Funds Institute of Canada. No reproduction or republication in whole or in part is permitted without permission.

* 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. Starting with January 2022 data, ETF data is adjusted to remove double counting arising from Canadian-listed ETFs that invest in units of other Canadian-listed ETFs. Any references to IFIC ETF assets and sales figures prior to 2022 data should indicate that the data has not been adjusted for ETF of ETF double counting.
  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