Investors avoid investments in long-term funds
Investors park cash in money market funds
Industry assets near record high
Balanced funds remains investors category of choice
Industry’s net assets up approximately 1.7% from June
The Investment Funds Institute of Canada reported June net sales totalled just $297 million, not including $1 billion in re-invested distributions.That’s down sharply from $1.8 billion a year ago as financial markets slackened.Canadian income balanced funds led the way with $333 million in sales, followed by Canadian bond funds at $313 million and international equity […]
Shaky markets trim fund industry assets
Heavy redemptions reported for Canadian equity funds
Falling markets trim industry assets
IFIC report adopts CIFSC categories