Investors park their savings in money market funds
Sales of long-term funds likely in negative territory
Investors pull money from long-term funds
Volatile markets trim industry assets in July
Total assets under management drop
Bulk of June sales generated by money market funds
Assets under management slip 2.5%
Assets under management hit new high
Year-to-date sales of long-term funds slip into net redemptions
Mutual fund industry net sales slumped in April, yet assets swelled, as markets recovered, according to the latest data from the Investment Funds Institute of Canada.IFIC reported that total industry sales came in at $560.8 million, down substantially from the $2.6 billion seen in March, and $2.5 billion in the same month last year. However, […]