ETF assets in Canada exceed $200 billion

Net sales of ETFs in Canada reached $4 billion in November — almost double mutual funds’ net sales of $2.2 billion, according to a report from the Investment Funds Institute of Canada (IFIC).

Sales were positive across the board for ETFs, with equity ($1.7 billion) and bond ($1.5 billion) funds leading the charge. Net sales of specialty funds reached $361 million — more than double the $162 million in sales recorded in October.

ETF assets increased by $7.8 billion (4.1%) month over month, reaching a total of $200.1 billion.

November saw $1.2 billion in net redemptions from equity mutual funds, an improvement from the $1.7 billion in redemptions in October. Year-to-date, equity mutual funds have seen net redemptions of $12.6 billion.

Sales were positive across all other asset classes, particularly in long-term mutual funds ($1.6 billion) and bond funds ($1.4 billion).

Mutual fund assets increased by $36.6 billion (2.3%) month over month, reaching a total of $1.63 trillion.

Read the full report from IFIC.