Only three firms post net sales above $1000 million in December
Industry assets down 21% from a year ago
Industry assets down 3.5%
Company buys back 1 million Class B shares
Assets under management down 4% from October
Fund assets drop 10% during market turmoil: IFIC
With no relief in sight for woeful financial markets, many jittery Canadians have been cashing out — even liquidating money market mutual funds, once seen as a safe haven. A major destination for all this cash seems to be personal savings and chequing accounts and GICs. As of August (the most recent month for which […]
Canadian investors withdrew billions of dollars from mutual funds in September, according to the latest data from the Investment Funds Institute of Canada.Total mutual fund net redemptions were $4.5 billion last month, dropping from just under $800 million in net sales for August, and down from the almost $1 billion in net sales for September […]
But some companies saw modest positive net sales while bank-owned firms took a nosedive
Investors park their savings in money market funds