Net sales of fund-of-fund products outpaced net sales of stand‐alone fund products in every month of 2009
Balanced funds lead the way in December
Scotia Securities leads net sales in December
AUM up 22%
Assets under management up 16% from a year ago
Industry assets climb by $12.5 billion
Sales of long-term funds steadily increasing
Industry assets edge lower
Money market fund redemptions increase
TD, RBC lead long-term sales for the month