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Canadian mutual funds industry AUM reaches CAD1.11trn

Assets under management (AUM) for the Canadian mutual funds industry reached CAD1.11 trillion in July, according to figures released by the Investment Funds Institute of Canada (IFIC).

Year-to-date, industry AUM increased by CAD109.0 billion or 10.9 per cent.
Net sales for the mutual funds industry totalled CAD4.56 billion. Net sales of long-term funds were CAD4.77 billion and net redemptions of money market funds were CAD211.0 million.

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