ETF sales rebound, mutual fund sales hold steady in October

ETF sales rebounded in October, according to data from the Investment Funds Institute of Canada.

Net sales of ETFs reached $3.8 billion, up from $562 million in September — a month that saw more than $1 billion in redemptions from equity funds.

Sales were up in all asset classes, with equity ($1.9 billion) and bond ($1.1 billion) funds leading the pack.

Total ETF assets hit $192.3 billion at the end of the month.

Mutual fund net sales were flat in October, reaching $1.3 billion.

Sales in bond ($1.7 billion), specialty ($722 million) and balanced ($593 million) mutual funds were offset by $1.7 billion in redemptions from equity funds.

Mutual fund assets totalled $1.59 trillion at the end of October.

Staff

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