The Investment Funds Institute of Canada (IFIC) released its investment fund net sales and net asset numbers for August 2021 showing growth over both July 2021 and year ago sales figures.
The numbers show that mutual fund assets totalled $2.028-trillion at the end of August. Assets increased by $45.7-billion or 2.3 per cent compared to July 2021 when net assets were $1.982-trillion. Mutual funds recorded net sales of nearly $9.8-billion in August 2021, up from $8.8-billion in July 2021 and up notably relative to the $2.9-billion sold in August 2020. Balanced funds outpaced the rest, selling $4.9-billion during the month.
Exchange-traded fund (ETF) assets, meanwhile totalled $324.7-billion at the end of August 2021. Assets increased by $11.2-billion or 3.6 per cent when compared to July 2021 when net assets were $313.6-billion. ETFs recorded net sales of $5-billion in August 2021, up from $3-billion in July 2021 and up from $2.7-billion in August 2020. Equity ETFs sold the most during the month, bringing in almost $3.4-billion.
Year-to-date, both mutual funds and ETFs outpaced performance relative to the year-to-date figures posted in August 2020. ETF net sales, year-to-date reached almost $40.7-billion, up from $31.7-billion reported for the same period in 2020. Mutual fund net sales, meanwhile, were $90.5-billion, up from just $14.1 reported year-to-date at the end of August 2020.