SIMA Monthly Investment Fund Statistics - November 2025
Mutual fund and exchange-traded fund (ETF) assets and sales
TORONTO, Dec. 18, 2025 /CNW/ - The Securities and Investment Management Association (SIMA) today announced investment fund net sales and net assets for November 2025.
Mutual fund assets totalled $2.543 trillion at the end of November, up by $23.0 billion or 0.9 per cent since October. Mutual fund net sales were $5.4 billion in November.
ETF assets totalled $700.0 billion at the end of November, up by $17.3 billion or 2.5 per cent since October. ETF net sales were $12.9 billion in November.
November insights
- Mutual fund and ETF assets rose for the seventh consecutive month. However, the growth in assets was lower than in any of the previous six months as global equity markets had modest gains in November.
- ETFs recorded their second-largest monthly net sales ever.
- Mutual funds had their second-largest monthly net sales of the year.
- Money market mutual funds and ETFs both saw relatively strong inflows—the highest since March and April this year, respectively.
Mutual fund net sales/net redemptions ($ millions)*
Asset class | Nov 2025 | Oct 2025 | Nov 2024 | YTD 2025 | YTD 2024 |
Long-term funds | |||||
Balanced | 357 | 1,764 | 495 | 1,382 | (22,189) |
Equity | (746) | (1,326) | 677 | (9,111) | 1,129 |
Bond | 2,863 | 2,619 | 1,984 | 27,919 | 23,810 |
Specialty | 1,108 | 1,143 | 726 | 11,355 | 6,907 |
Total long-term funds | 3,581 | 4,200 | 3,883 | 31,545 | 9,658 |
Total money market funds | 1,814 | (130) | 685 | 7,020 | 2,848 |
Total | 5,395 | 4,070 | 4,568 | 38,565 | 12,505 |
Mutual fund net assets ($ billions)*
Asset class | Nov 2025 | Oct 2025 | Nov 2024 | Dec 2024 |
Long-term funds | ||||
Balanced | 1,106.1 | 1,098.8 | 1,011.3 | 997.9 |
Equity | 995.5 | 986.6 | 882.4 | 868.4 |
Bond | 322.9 | 319.5 | 281.0 | 281.8 |
Specialty | 53.1 | 51.7 | 37.2 | 37.8 |
Total long-term funds | 2,477.6 | 2,456.5 | 2,211.9 | 2,185.8 |
Total money market funds | 65.0 | 63.1 | 55.8 | 56.9 |
Total | 2,542.6 | 2,519.6 | 2,267.7 | 2,242.7 |
* See below for important information about this data. |
ETF net sales/net redemptions ($ millions)*
Asset class | Nov 2025 | Oct 2025 | Nov 2024 | YTD 2025 | YTD 2024 |
Long-term funds | |||||
Balanced | 1,216 | 1,266 | 563 | 9,719 | 4,831 |
Equity | 6,780 | 5,270 | 6,291 | 55,835 | 36,044 |
Bond | 3,238 | 2,080 | 992 | 26,331 | 18,846 |
Specialty | 988 | 1,363 | 444 | 11,297 | 2,335 |
Total long-term funds | 12,221 | 9,979 | 8,289 | 103,182 | 62,056 |
Total money market funds | 705 | (106) | 462 | 5,710 | 2,221 |
Total | 12,927 | 9,874 | 8,751 | 108,892 | 64,277 |
ETF net assets ($ billions)*
Asset class | Nov 2025 | Oct 2025 | Nov 2024 | Dec 2024 |
Long-term funds | ||||
Balanced | 37.3 | 35.7 | 23.1 | 23.3 |
Equity | 448.6 | 436.1 | 325.3 | 326.8 |
Bond | 143.9 | 141.1 | 115.8 | 116.7 |
Specialty | 36.1 | 36.8 | 23.1 | 22.7 |
Total long-term funds | 665.9 | 649.7 | 487.4 | 489.5 |
Total money market funds | 34.1 | 32.9 | 27.8 | 28.0 |
Total | 700.0 | 682.7 | 515.2 | 517.6 |
* See below for important information about data. |
SIMA direct survey data (which accounts for approximately 87 per cent of total mutual fund industry assets and approximately 80 per cent of total ETF industry assets) is complemented by estimated data to provide comprehensive industry totals.
SIMA makes every effort to verify the accuracy, currency, and completeness of the information, however, SIMA does not guarantee, warrant, represent or undertake that the information provided is correct, accurate or current.
© The Securities and Investment Management Association. No reproduction or republication in whole or in part is permitted without permission.
* Important information about investment fund data
About SIMA
The Securities and Investment Management Association empowers Canada's investment industry. The association is the leading voice for the securities and investment management industry, which oversees approximately $4 trillion in assets for over 20 million investors. Our members—including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers—are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians.
SOURCE Securities and Investment Management Association