Canadian Mutual Fund Assets Near $2.5 Trillion, ETF Sales Hit Record High: SIMA

According to a new report from the Securities and Investment Management Association (SIMA) released Wednesday, both mutual funds and ETFs in Canada experienced robust growth in assets and net sales in September 2025.

Mutual fund assets rose 3.1% month over month to $2.489 trillion, an increase of $75.6 billion from August. Since the beginning of the year, mutual fund assets have grown by 11%, adding $246.2 billion in total.

It was the fifth straight month of positive net inflows for mutual funds, which collected $3.8 billion in September.
Bond mutual funds dominated, attracting $2.2 billion, followed by $1 billion for balanced funds, $670 million for specialty funds, and $49 million for equity funds.
Money-market mutual funds were the only category in the red, posting $228 million in net redemptions.

Meanwhile, ETFs recorded their largest monthly asset gain of the year, climbing 5.3% to reach $663.8 billion at the end of September — an increase of $33.7 billion.
Year to date, ETF assets have surged 22.7%, or $146.3 billion.

ETFs enjoyed $12.4 billion in net inflows during September, with every category contributing positively.
Cumulative ETF net sales have now exceeded all of 2024’s total, setting a new all-time record for the industry.

By category, inflows were led by:

• Equity ETFs: $5.7 billion

• Bond ETFs: $3.7 billion

• Specialty ETFs: $1.7 billion

• Balanced ETFs: $1 billion

• Money-market ETFs: $236 million

The data underscores investors’ continued shift toward diversified ETF products and fixed-income strategies amid ongoing market volatility.