The Investment Funds Institute of Canada (IFIC) has released its mutual fund and exchange traded fund (ETF) net sales and net assets figures for April 2022.
In its report, IFIC states that ETFs recorded net sales of less than $1-billion in April 2022, while mutual funds moved into net redemption territory, recording net redemptions of more than $4.9-billion during the month.
ETF net sales in April 2022 were $962-million, down dramatically from nearly $4.6-billion recorded in March and down also from more than $5.5-billion recorded in April 2021.
Year-to-date net sales are more than $14-billion compared to more than $20-billion year to date recorded for the same period in 2021. Net assets were $310-billion, down 4.5 per cent from March 2022 when net assets were $324-billion.
In mutual funds, both bond funds (net redemptions totalling almost $1.8-billion) and balanced equity mutual funds (redemptions totalling more than $2-billion), came in lower with total net redemptions of almost $5-billion overall. This is down from net sales of $1-billion in March 2022 and $9-billion in April 2021.
Year-to-date net sales were more than $13-billion, down from more than $51-billion year-to-date in 2021.
Mutual fund assets totalled $1.914-trillion at the end of April 2022, a decrease of 4.5 per cent compared to March 2022 when net assets were just over $2-trillion.
