Equity posted net sales of $2.8 billion, up from $551 million in October and almost double the amount recorded in November 2022 ($1.5 billion). Specialty saw net sales of $1 billion, ten times the previous month’s total and five times the total from November 2022, driven mostly by alternative funds.
While equity funds accounted for the largest inflows at 56% of total net sales, all major asset classes produced net sales for ETFs, with bonds at $582 million, balanced at $196 million, and money market funds at $452 million.
Year-to-date net sales were $33,848, up from $28,415 for the same period of 2022.
ETF assets gained $24 billion, or 6.9% in November to a total $369.3 billion.
Mutual funds
For Canadian mutual funds, November saw net redemptions of $8.6 billion, down from $12.5 billion in October and roughly in line with the year-ago figure.
