- In June 2013, total mutual fund assets in Canada decreased slightly from $755.4 billion to $743.7 billion due to net sales of $3.8 billion being outweighed by estimated market losses of $15.5 billion. - Households with higher incomes are much more likely to own mutual funds, with households earning over $50,000 being almost three and a half times as likely to own mutual funds as households earning under $50,000. - In June, Investors Group completed several fund mergers and objective changes, most notably merging their Investors Real Return Bond fund into their Investors Canadian Bond fund.

1. Mutual Fund Monthly Review
Mutual Fund Industry Vital Signs
Starting assets (May 31, 2013) $755.4 billion
+ net sales $3.8 billion
+/- estimated market effect -$15.5 billion (-2.1%)
= Ending assets (June 30, 2013) $743.7 billion
Did You Know?
According the Investment Company Institute’s (ICI) 2013
Investment Company Fact Book, in the U.S., households
with higher income are much more likely to own mutual
funds than lower-income households. In fact, households
with incomes above $50,000 are almost three and a half
times more likely to own a mutual fund than households
with incomes below $50,000.
Source: 2013 Investment Company Fact Book
June 2013
EquiSoft specializes in the design and development of digital business solutions primarily for the financial industry. For more information please contact:
Jonathan Georges, CIM, FCSI , Vice President, Financial Products. T: 514.989.3141 X 201 | T: 888.989.3141 | Jonathan.Georges@equisoft.com | www.equisoft.com.
©2011 EquiSoft consulting and software solutions.
Note: Asset growth figures can be affected by a change in the number of companies reporting to IFIC and
by fund category changes.
Source: IFIC except for Performance where the source is Fundata.
Top 3 Categories Bottom 3 Categories
Asset Growth ($) Global Neutral Balanced: $5.148 billion Canadian Fixed Income: -$5.493 billion
Global Fixed Income Bal.: $1.249 billion Canadian Equity: -$2.476 billion
Cdn. Long Term Fixed Income: $773 million Canadian Equity Balanced: -$1.650 billion
Asset Growth Cdn. Long Term Fixed Income: 62.2% Miscellaneous – Other: -65.7%
(as a % of starting assets) North American Equity: 10.1% Japanese Equity: -23.4%
Alternatives Strategies: 9.6% Precious Metals Equity: -19.3%
Net Sales ($) Global Neutral Balanced: $1.450 billion Canadian Equity: -$375 million
U.S. Equity: $961 million Canadian Equity Balanced: -$265 million
Cdn. Long Term Fixed Income: $866 million Cdn. Infl. Protected Fixed Income: -$254 million
Net Sales Cdn. Long Term Fixed Income: 69.6% Miscellaneous – Other: -63.6%
(as a % of starting assets) Preferred Share Fixed Income: 11.0% Japanese Equity: -27.8%
North American Equity: 10.5% Cdn. Infl. Protected Fixed Income: -11.6%
Performance Japanese Equity: 3.4% Precious Metals Equity: -17.2%
(Fund category averages) U.S. Small/Mid Cap Equity: 0.2% Cdn. Infl. Protected Fixed Income: -6.3%
Canadian Money Market: 0.0% Natural Resource Equity: -5.3%
Vital Signs by Fund Category for June 2013
June 2013 –
Product Development Highlights
Investors Group completed nine fund mergers and ten objective
changes. Among the most significant mergers, Investors Real
Return Bond ($290 million in assets under management) was
merged into Investors Canadian Bond. Also, 10 corporate-class
funds now have the flexibility to invest primarily in units of
other Investors Group Funds.
The future of trailer fees was the focus of a panel discussion
organized by the Ontario Securities Commission this month.
The 12 member panel, including representatives from trade
groups, fund companies, financial advisors and consumer
advocates, were assembled to address issues arising from the
release of a CSA discussion paper that focused on embedded
compensation this past December. The issues discussed included
the role of embedded commissions in providing access to
advice for small investors, the services received in return for
trailing commissions and whether regulatory initiatives beyond
improved disclosure is warranted at this time.
Ownership of Mutual Funds
by Income Group
Less than $25,000
$25,000 to $34,999
$35,000 to $49,999
$50,000 to $74,999
$75,000 to $99,999
$100,000 or more
0% 20% 40% 60% 80% 100%

2. CONSULTING AND SOFTWARE SOLUTIONS
Please do not hesitate to contact us for more information.
Jonathan Georges, CIM, FCSI
Vice-président, Produits financiers / Vice President, Financial Products
EquiSoft
CONSEILS ET SOLUTIONS INFORMATIQUES / CONSULTING AND SOFTWARE SOLUTIONS
T: 514.989.3141 X 201 | T: 888.989.3141 | F: 514.989.3140
Jonathan.Georges@equisoft.com | www.equisoft.com
Industry-leading solutions for the financial sector
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