Equity leads mutual fund inflows as ETF net sales more than double year-ago pace
Canada's mutual fund and ETF industry pushed to new all-time highs in June, extending a run of asset growth into a third consecutive month while net sales stayed positive across nearly every category tracked.
According to the latest figures from the Securities and Investment Management Association (SIMA), mutual fund assets closed June at $2.782 trillion, an increase of $45.9 billion, or 1.7%, from May. Net sales for the month totalled $5.0 billion.
ETF assets ended the month at $883.4 billion, up $23.8 billion, or 2.8%, from May. ETF net sales came in at $17.5 billion for June.
Since March, mutual fund assets have grown by $234.6 billion and ETF assets by $112.4 billion, underlining the pace of the three-month advance.
Mutual funds notched their 14th straight month of positive net sales in June, with all four long-term asset classes posting inflows and equity funds out in front. ETF net sales more than doubled their June 2025 level, with equity ETFs accounting for roughly three-quarters of the total.
The first half of 2026 has also outpaced last year by a wide margin. Mutual fund net sales over the six months were 58% higher than the same period in 2025, while ETF net sales rose 86% year over year.
Mutual funds
Equity funds led mutual fund net sales in June at $2.743 billion, up sharply from just $63 million in May and a reversal from net redemptions of $943 million in June 2025.
Balanced funds brought in $1.159 billion, more than double May's $588 million. Bond funds added $1.313 billion, slightly below May's $1.393 billion, and specialty funds contributed $1.074 billion, up from $855 million. Money market funds saw net redemptions of $1.252 billion for the month.
On assets, balanced funds remained the largest mutual fund category at $1.192 trillion, followed by equity funds at $1.121 trillion, bond funds at $339.4 billion, money market funds at $64.9 billion and specialty funds at $64.6 billion.
ETFs
Equity ETFs dominated June net sales at $13.126 billion, up from $8.733 billion in May and well ahead of the $3.912 billion recorded in June 2025. Bond ETFs added $2.440 billion, balanced ETFs brought in $1.357 billion and specialty ETFs added $692 million. Money market ETFs saw net redemptions of $142 million.
ETF assets by category at the end of June stood at $589.7 billion for equity, $165.2 billion for bond, $51.1 billion for balanced, $41.3 billion for specialty and $36.2 billion for money market.
The back-to-back-to-back monthly gains have widened the year-over-year comparisons considerably. Mutual fund assets are now up close to 18.7% from June 2025, while ETF assets have grown by roughly 49.2% over the same 12-month period.
SIMA's direct survey data covers approximately 87% of total mutual fund industry assets and approximately 84% of total ETF industry assets, with estimates used to fill out the remainder for comprehensive industry totals.
