Home Breadcrumb caret Industry News Breadcrumb caret Industry Mutual funds and ETFs boom in Ontario The value of mutual funds and ETFs held in Ontario has grown 90% in the last decade, according to a Conference Board of Canada report. By Staff | November 20, 2014 | Last updated on November 20, 2014 1 min read The value of mutual funds and ETFs held in Ontario has grown 90% in the last decade, according to the Conference Board of Canada’s report, Money Management Matters: Assessing the Economic Footprint of Ontario’s Funds Industry. Read: Why mutual funds invest in ETFs In 2013, the funds industry directly employed 44,413 people, and generated $4.1 billion in direct real GDP in Ontario. The total economic footprint of the industry (including direct, indirect, and induced impacts) accounted for $11.4 billion or 1.8% of total real GDP in the province. In 2004, funds assets under management in Ontario were valued at an estimated $257 billion, and by 2013 that had increased to $489 billion. These funds assets held by Ontario residents represent 49% of the $999.2 billion in assets held nationally. Funding and support for the report was provided by Investment Funds Institute of Canada (IFIC). Also read: Adaptive Asset Allocation: A Primer How to communicate with clients Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo