Canadian mutual fund AUM totalled CAD834.3bn in October
Assets under management for the Canadian mutual fund industry totalled CAD834.3bn in October, according to figures released by the Investment Funds Institute of Canada (IFIC).
“Year-to-date, industry AUM increased by CAD64.7bn or 8.4 per cent,” says Jon Cockerline, IFIC’s director, policy and research. “Net sales for the mutual fund industry totalled CAD2.10bn. Net sales of long-term funds were CAD2.66bn and net redemptions of money market funds were CAD562.8m.”
Balanced funds’ net sales in October 2012 totalled CAD2.16bn compared to net sales of CAD1.96bn last month. Year-to-date net sales for balanced funds totalled CAD23bn compared to net sales of CAD25.6bn for the same period last year.
Bond funds’ net sales in October 2012 totalled CAD1.48bn compared to net sales of CAD1.16bn last month. Year-to-date net sales for bond funds totalled CAD16.3bn compared to net sales of CAD5.66bn for the same period last year.
Equity funds’ net redemptions in October 2012 totalled CAD1.36bn compared to net redemptions of CAD1.30bn last month. Year-to-date net redemptions for equity funds totalled CAD11.5bn compared to net redemptions of CAD7.54bn for the same period last year.
- Special Reports