Mutual fund assets jumped $3.3 billion at the end of November to end the month to $2.034 trillion and net sales of $7.5 billion, according to the Investment Funds Institute of Canada (IFIC).
Long-term mutual funds were the No. 1 seller in November with $7.965 billion; balanced funds came in second at $4.357 billion. Total mutual fund net sales rose about 34 per cent from the end of October.
Total mutual fund net assets were just over $2 trillion, with about half in long-term balanced funds.
Net assets for ETFs stood at $335.9 billion in November, up from $331.9 a month before. Net ETF sales were $5.1 billion in November, up from $4.399 billion in October.
The biggest ETF sales in November came from equity funds at $3.943 billion, up from $3.12 billion the previous month.