Mutual fund sales outpace ETF sales in March

By Staff | April 20, 2021 | Last updated on April 20, 2021
1 min read

Canadian investment funds recorded net sales of $17.7 billion in March, according to a report from the Investment Funds Institute of Canada.

Mutual funds led the way, with $13 billion in net sales. Balanced funds had an inflow of $9 billion while equities funds raked in $4.5 billion.

Bond and specialty mutual funds had relatively modest net sales of $151 million and $392 million, respectively, while money market mutual funds had net redemptions of $1 billion.

ETFs garnered $4.7 billion in net sales in March, led by equities funds ($3.1 billion), bond funds ($949 million) and specialty funds ($815 million).

Balanced ETFs had net sales of $413 million, while money market ETFs had net redemptions of $579 million.

At the end of March, Canadian mutual fund assets totalled $1.85 trillion, up 1.9% from the previous month. ETF assets totalled $278 billion, up 3.2% from February. staff


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