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The Investment Funds Institute of Canada (IFIC) on Aug. 22 announced investment fund net sales and net assets for July 2024.
Mutual fund assets totalled $2.137 trillion at the end of July, up by $65.2 billion or 3.1% since June. Mutual fund net sales were $5.2 billion in July.
ETF assets totalled $458.1 billion at the end of July, up by $17.9 billion or 4.1% since June. ETF net sales were $5.0 billion in July.
July insights
To view the full report, visit the IFIC website.
Franklin Templeton Canada on Aug. 15 announced the proposed tax-deferred merger of Templeton Sustainable Global Balanced Fund into Franklin Brandywine Global Sustainable Balanced Fund, a fund with the same investment objective, risk classification and fee structure. Investors in Franklin Brandywine Global Sustainable Balanced Fund will vote on the proposed merger at a special meeting to be held on or around November 14, 2024, in Toronto.
Pending investor approval, the proposed merger will be implemented after the close of business on or around December 6, 2024. Investors in Templeton Sustainable Global Balanced Fund will receive units of Franklin Brandywine Global Sustainable Balanced Fund on a dollar-for-dollar and series-by-series basis.
Invesco Canada Ltd. on Aug. 15 announced the launch of four new exchange-traded funds (ETFs) that expand its lineup of actively managed ETF offerings.
The Invesco NASDAQ 100 Income Advantage ETF (QQCI) and Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI) aim to combine the equity exposure of an index-tracking product with a consistent and high monthly yield. QQCI and EQLI are unique in their goals to offer reliable income and market participation, and a diversified option income overlay, allowing for a balance of yield and growth with a focus on long-term total returns.
The Invesco Canadian Core Plus Bond ETF (ICCB ) and Invesco Global Bond ETF (ICGB) aim to provide consistent income and capital growth. ICCB and ICGB invest primarily in investment grade fixed income securities of governments, corporations and other issuers, providing investors an attractive option for diversification while participating in steady income and capital growth.
NEI Investments on Aug. 8 announced a proposed change to streamline its investment fund lineup by merging NEI U.S. Dividend Fund into NEI U.S. Equity RS Fund. This change is subject to approval of applicable unitholders at a meeting to be held on or about October 23, 2024, and is expected to take effect on or about November 15, 2024.
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