During 2021, Canadian mutual funds took in a total of $112.6 billion, nearly four times more than the $30 billion in mutual fund net sales during 2020. A large portion of this was driven by balanced funds, which went from just $854 million to $62. billion in net sales, and equity funds, which increased from $6.7 billion in sales to $37 billion.
Mutual funds ended 2021 with $2 trillion in AUM, a significant increase from $1.79 trillion in November.
Meanwhile, Canadian ETFs saw net sales of $5.6 billion last month, including $3.3 billion for equity ETFs — significantly up from $1.9 billion in December 2020 — and $1.2 billion in bond ETFs.
Bond ETF sales soared last month to $1.2 billion in December, compared to just $146 million in November.
For the entirety of 2021, ETF sales totaled $58 billion, most of which came from equity ETF sales ($35 billion) and bond ETF sales ($12.3 billion).