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Canadian mutual funds industry AUM reaches CAD1.11trn

Wed, 20/08/2014 - 11:15

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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