Home Breadcrumb caret Industry News Breadcrumb caret Industry Canadian fund sales total nearly $16B in January In the mutual fund category, balanced funds led the way By Staff | February 22, 2021 | Last updated on February 22, 2021 1 min read © picsfive / 123RF Stock Photo Net sales of Canadian investment funds totalled $15.9 billion in January, according to a report from the Investment Funds Institute of Canada (IFIC). Mutual funds generated $11.9 billion in net sales, led by balanced funds ($5.2 billion), equities funds ($4.5 billion) and bond funds ($3.2 billion). Money market funds experienced an outflow of $1.5 billion. ETFs generated $4 billion in net sales, led by equities funds ($2.2 billion), bond funds ($1.3 billion) and balanced funds ($495 million). There was an outflow of $25 million from money market funds. At the end of the month, Canadian mutual fund assets totalled $1.78 trillion, down 0.5% from December 2020, and ETF assets totalled $259.8 billion, an increase of 1% from a month earlier. IFIC’s ETF data are not adjusted to remove the double-counting of ETFs that invest in other ETFs. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo