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Canadian mutual funds AUM tops CAD1.08tn

Thu, 19/06/2014 - 10:06

Assets under management (AUM) in the Canadian mutual funds industry reached CAD1.08 trillion in May, according to figures realised by the Investment Funds Institute of Canada (IFIC).

Year-to-date, industry AUM increased by CAD82.9 billion or 8.3 per cent.
 
Net sales for the mutual funds industry totalled CAD5.01 billion.
 
Net sales of long-term funds were CAD5.34 billion and net redemptions of money market funds were CAD334.5 million.


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