Tells OSC it needed more time to ponder implications
Mutual fund sales totaled $491 million in June, the ninth consecutive month the industry has had net sales, according to the Investment Funds Institute of Canada.But IFIC also reports that fewer people are investing these days. The total number of member unitholder accounts stood at 51.2 million, a 0.9% decrease from the year before. As […]
Assets at between $473 and $478 billion
Net sales estimated to fall between $600 million and $1 billion
Average AUM has barely budged in the past year, moving to $18.3 million from $18.1 million
The mutual fund industry continued to enjoy strong net sales in April. The Investment Funds Institute of Canada says that net sales, excluding re-invested distributions of $284.3 million, totalled $1.4 billion.“Net sales are the strongest for an April since 1998. Sales for the first four months of 2004 totalled $12.3 billion, compared with $8.8 billion […]
Seventh month of positive net sales
Assets slip at independent firms
Sixth consecutive month of positive sales
Majority of sales go to long-term funds