Tuesday, February 7, 2023
HomeWealth ManagementMutual funds hemorrhaged $44 billion in 2022

Mutual funds hemorrhaged $44 billion in 2022


The brunt of redemptions have been borne by balanced funds, which noticed $30 billion bleed over the course of final yr.

Bond funds misplaced $13.8 billion over the identical interval, whereas fairness mutual funds shed $8.5 billion.

All informed, Canadian traders 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 tip of final yr, Canada’s mutual fund house 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 – robust 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 yr, whereas bond ETFs and balanced ETFs soaked up $9 billion and $1.6 billion, respectively.

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