Canadian ETF assets reached $817.2 billion in April, with net sales of $13.6 billion, while mutual funds experienced a 12th straight month of positive net sales, the Securities and Investment Management Association (SIMA) reported yesterday.
Mutual fund net sales totalled $2.4 billion for the month, up $100.6 billion or 4% from March for total assets of nearly $2.7 trillion.
The main driver of growth in both ETF and mutual fund assets was a sharp market rebound from March.
All ETF asset categories saw inflows in April, with equity funds seeing $9.6 billion in net purchases, followed by bond funds at $1.4 billion, balanced funds at $1.3 billion and specialty funds at $1.1 billion. Money market funds added $200 million. Total ETF net sales of $13.6 billion represented a 6% rise, or increase of $46.1 billion, from March.
Mutual funds inflows were more varied, with equity funds posting $1.6 billion in net sales, bond funds receiving $764 million and specialty funds adding $656 million. Balanced funds saw net redemptions of $349 million and money market funds posted net outflows of $299 million.
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