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IFIC Monthly Investment Fund Statistics – November 2022

December 20, 2022

TORONTO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today announced investment fund net sales and net assets for November 2022. Mutual fund assets totalled $1.870 trillion at the end of November 2022. Assets increased by $74.1 billion or 4.1% compared to October 2022. Mutual funds recorded net redemptions of $8.7 billion in November 2022. ETF assets totalled $317.8 billion at the end of November 2022. Assets increased by $17.2 billion or 5.7% compared to October 2022. ETFs recorded net sales of $4.2 billion in November 2022. Mutual Fund Net Sales/Net Redemptions ($ Millions)*         Asset ClassNov. 2022Oct. 2022Nov. 2021YTD 2022YTD 2021Long-term Funds     Balanced(5,066)(5,660)4,402(25,030)61,718Equity(3,014)(1,967)2,523(5,400)36,640Bond(1,104)(1,662)655(11,536)15,806Specialty(17)(2)4181,1965,595Total Long-term Funds(9,201)(9,291)7,998(40,770)119,759Total Money Market Funds5511,189(503)5,384(7,600)Total(8,650)(8,102)7,495(35,387)112,159 Mutual Fund Net Assets ($ Billions)* Asset ClassNov. 2022Oct. 2022Nov. 2021Dec. 2021Long-term Funds    Balanced909.6876.51,002.31,024.9Equity679.4643.8728.2747.6Bond226.3221.9260.9261.4Specialty22.422.021.522.2Total Long-term Funds1,837.61,764.12,012.92,056.1Total Money Market Funds32.732.026.226.4Total1,870.31,796.22,039.12,082.5 * Please see below for important information regarding this data. ETF Net Sales/Net Redemptions ($ Millions)* Asset ClassNov. 2022Oct. 2022Nov. 2021YTD 2022YTD 2021Long-term Funds     Balanced22352651,5093,688Equity1,5248943,94312,03131,198Bond1,3437461465,77711,150Specialty2161788621,4727,993Total Long-term Funds3,1051,8535,21620,79054,030Total Money Market Funds1,0881,501(96)7,625-957Total4,1933,3545,12128,41553,072 ETF Net Assets ($ Billions)* Asset ClassNov. 2022Oct. 2022Nov. 2021Dec. 2021Long-term Funds    Balanced12.411.811.712.1Equity202.9190.4215.6225.2Bond77.874.987.889.6Specialty10.610.514.613.6Total Long-term Funds303.7287.6329.6340.5Total Money Market Funds14.112.96.36.6Total317.8300.5335.9347.1 * 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: Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.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.The Balanced Funds category includes funds that invest directly in a mix of stocks and bonds or obtain exposure through investing 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 IFICThe 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 KumarasamySenior Manager, Communications and Public Affairspkumarasamy@ific.ca416-309-2317

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