How many mutual funds are there in Canada?
$900 billion in mutual funds
It is widely known that a mutual fund is a type of professionally managed collective investment scheme that pools money from many investors to purchase securities. There are four main categories of funds: money market funds, bond or fixed income funds, stock or equity funds and hybrid funds. In Canada, $900 billion are redirected in mutual funds. It is important to know that funds may also be categorized as index or actively managed. Needless to say, most mutual funds are “open-ended,” meaning investors can buy or sell shares of the fund at any time.