Canadian mutual fund AUM totalled CAD849.7bn in December 2012, says IFIC
Total Canadian mutual fund assets under management (AUM) for December 2012 were CAD849.7bn, compared to CAD837.6bn in the previous month – an increase of CAD12.2bn, or 1.5 per cent, according to figures released by the Investment Funds Institute of Canada (IFIC).
Since December 2011, total mutual fund assets have increased by CAD80.1bn or 10.4 per cent.
Total net sales for December were CAD1.87bn, and were down compared to net sales of CAD2.65bn for the previous month, and were higher compared to net sales of CAD1.13bn last December.
Long-term fund net sales totalled CAD2.14bn in December, and over the last 12 months ending December 2012 totalled CAD36.6bn.
Money market fund net redemptions in December were CAD264.2m. Over the last 12 months, money market fund net redemptions totalled CAD6.23bn.
Balanced fund net sales totalled CAD1.88bn in December, down compared to last month’s total of CAD2.51bn.
Bond fund net sales totalled CAD1.12bn in December; compared to CAD1.59bn for November 2012.
Equity fund net redemptions totalled CAD1.19bn in December, compared to net redemptions of CAD1.40bn in November 2012.
Fund of fund AUM were CAD204.0bn and net sales totalled CAD1.88bn for December 2012. Standalone funds’ AUM were CAD645.7bn and had net redemptions of CAD8.6m for December 2012.
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