The brunt of redemptions have been borne by balanced funds, which noticed $30 billion bleed over the course of final 12 months.
Bond funds misplaced $13.8 billion over the identical interval, whereas fairness mutual funds shed $8.5 billion.
All informed, Canadian buyers pulled out a complete of $51 billion from long-term mutual funds over the course of 2022, which was mildly offset by inflows of $7 billion into cash market funds.
By the top of final 12 months, Canada’s mutual fund area held $1.8 trillion in web belongings, in comparison with $2 trillion on the shut of 2021.
On the ETF aspect, IFIC reported a full-year web influx of $36 billion into ETFs – sturdy efficiency contemplating the broader challenges of 2022, however a marked moderation from $58.7 billion in 2021. Fairness ETFs led the best way with $14 billion in web inflows for the 12 months, whereas bond ETFs and balanced ETFs soaked up $9 billion and $1.6 billion, respectively.