Investors pour $1 billion into long-term funds
Mutual funds likely generated about $250 million in November net sales, according to preliminary numbers from the Investment Funds Institute of Canada.IFIC reported today that, based on a sample of preliminary data from some of its members, net new sales for the month of November are estimated to be between $50 million to $450 million. […]
Money market funds continue to see outflows
IG reports October redemptions
Redemptions estimated at $350 million
Dividend and income funds show growth
Money market funds account for bulk of redemptions
Eighth month of positive sales
Net sales estimated to fall between $600 million and $1 billion
The mutual fund industry continued to enjoy strong net sales in April. The Investment Funds Institute of Canada says that net sales, excluding re-invested distributions of $284.3 million, totalled $1.4 billion.“Net sales are the strongest for an April since 1998. Sales for the first four months of 2004 totalled $12.3 billion, compared with $8.8 billion […]