Investor Presentaiton
2.
OVERVIEW OF THE MUTUAL FUND INDUSTRY
2.1. A big industry
Mutual funds constitute a very large and fast-growing financial products sector. In Québec,
the total value of the assets under management was $83.3 billion for the third quarter of
2005, or 15% of all Canadian mutual fund portfolios. Mutual fund assets grew on average
by 16.6% a year in Québec and by 14.6% a year in Canada¹ from 1995 to 2004.
Québec investors have traditionally displayed a more conservative attitude in their
investment choices. Although these investors are increasingly active in the mutual fund
market, the types of financial assets held (figures 1 and 2) still show a preference for
mutual funds with a lower risk profile.
Figure 1
% breakdown among mutual
fund types in Québec,
3rd quarter 2005
Mortgage
1.8%
Money
Market Other
3.3%
11.3%
Balanced
20.8%
Equity
45.9%
Rixed
Income &
Bond
16.9%
Source: Institut de la statistique du Québec
1
Figure 2
% breakdown among mutual fund
types in Canada,
3rd quarter 2005
Money
Mortgage
0.8%
Market Other
8.5% 0.4%
Balanced
21.3%
Equity
57.0%
Fixed
Income &
Bond
12.0%
Source: Investment Funds Institute of
Canada (IFIC)
INSTITUT DE LA STATISTIQUE DU QUÉBEC, Évolution des fonds communs de placement au Québec,
February 2006 [online]
[http://www.stat.gouv.qc.ca/bul/finances/pdf/hors_serie_fonds_communs.pdf]
Consultation paper
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