ETF sales climb, but mutual funds remain in net redemptions
ETF sales climbed while mutual fund redemptions were steady, IFIC reported
Balanced mutual funds led the way
Net sales of mutual funds hit $11.9 billion, while ETFs generated $4 billion in sales
Mutual fund redemptions totalled $2.8 billion
No asset classes recorded net redemptions for the month
Editorial: The CSA has stepped up to take the OSC's place as the standard bearer for regulatory progress
Both mutual fund and ETF AUM increased last monthÂ
Despite redemptions, industry assets rose by $15.5 billion
Long-term funds recorded net redemptions of $4 billion