Mutual fund sales dipped, but still outpaced ETF sales in April

By Staff | May 21, 2021 | Last updated on May 21, 2021
1 min read

Canadian investment funds recorded net sales of $14.5 billion in April, with mutual fund sales leading the way with $9 billion, according to a report from the Investment Funds Institute of Canada.

Although they once again accounted for the bulk of sales, mutual fund sales were down from $13 billion a month earlier. Net sales of ETFs, meanwhile, increased to $5.5 billion in April, up from $4.7 billion in March.

A breakdown of mutual fund sales shows balanced funds sold the most ($4.6 billion), followed by equities funds ($3.6 billion), bond funds ($1.4 billion) and specialty funds ($439 million). Money market funds had an outflow of $965 million for the month.

As for ETF sales, equities funds brought in the most at $2.8 billion. Bond and speciality funds were next, at $1.6 billion and $1.4 billion, respectively. Balanced funds had net sales of $339 million.

Net assets for mutual funds were $1.88 trillion at the end of April, up 2% from a month earlier. Meanwhile, net assets for ETFs were $288 billion, a month-over-month increase of 3.6%. staff


The staff of have been covering news for financial advisors since 1998.