Mutual fund, ETF sales better so far this year than in 2024: report

Mutual funds and ETFs enjoyed another month of positive net sales and asset gains in June, with both fund categories outpacing their sales performances at the same point last year and setting new asset records, a report from the Securities and Investment Management Association (SIMA) shows. 

Released Tuesday, the report said mutual fund assets totalled $2.3 trillion by the end of June, an increase of $48.7 billion or 2.1% from the previous month. This was a new record for total mutual fund assets.

Mutual funds recorded $1.4 billion in net sales in June, representing the second consecutive month of positive net sales. The products have been in positive sales territory every month so far this year except April, when markets were rattled by the imposition of steep new tariffs by the United States on its trading partners.  

“Cumulative mid‑year net sales reached $17.1  billion — a significant shift from the negative net sales recorded at this point last year,” the report said, noting they suffered $4 billion in net redemptions during the first six months of 2024.

Bond mutual funds drove the gains, with $1.7 billion in net sales. Specialty funds recorded net sales of $807 million, while balanced funds took in $241 million.

Those gains were partially offset by equity and money market mutual funds, which recorded net redemptions amounting to $866 million and $408 million, respectively.

Meanwhile, ETF assets came in at $592.2 billion at the end of June, up $18.3 billion or 3.2% from a month prior. This was also a new record for total ETF assets.

ETFs recorded $7.2 billion in net sales in June, with every major ETF asset class except money market funds posting positive sales, the report noted.

Equity ETFs led the way, with $3.8 billion in net sales, followed by bond ETFs, which posted $2 billion in net sales. Balanced ETFs took in $803 million and specialty ETFs gathered $711 million in net sales.   

Money market ETFs recorded $123 million in net redemptions.

Like mutual funds, ETFs outpaced their mid-year sales performance from last year. Net sales came in at $55.8 billion for the first six months of 2025, compared to $32.4 billion in the first half of 2024.  

“At the end of June, ETF net sales were over 70% higher than at the same point last year,” the report said.

Noushin Ziafati

Noushin has been the associate editor of Advisor.ca since 2024. Previously, she worked at outlets including the CBC, Canadian Press, CTV News, Telegraph-Journal and Chronicle Herald. Reach her at noushin@newcom.ca.