Foreign equity sales heat up
Balanced funds lead February sales
RBC sales top $1 billion mark
Canadian mutual fund operators got the new year off to a solid start with net sales of almost $1.6 billion in January, nearly 2 1/2 times the year-ago total.The Investment Funds Institute of Canada said today that net sales excluding reinvested distributions were $1.59 billion, up from $660.7 million in January 2005.“Interestingly, January foreign equity […]
January mutual fund sales are estimated to be between $1.2 billion to $1.7 billion, according to the Investment Funds Institute of Canada.IFIC reported the estimate based on a sample of preliminary data from some of its members. That sample shows that sales remain very concentrated. RBC Asset Management Inc. is responsible for about half the […]
Balanced and dividend funds drove growth in 2005
Industry assets up 2.5% in December
Year-to-date sales reach $21.7 billion for fund industry
IFIC estimates net sales at $2.3 billion
Highest October sales since 2001