August net sales four times higher than a year ago
Mutual fund AUM rose by $8.7 billion last month
Equity, short-term funds see withdrawals
Mutual fund assets under management reach $1.08 trillion
Total assets under management finished the month at $1.07 trillion, IFIC says
AUM up $34 billion to $1.05 trillion
Equities, balanced funds more popular
Industry assets under management rose 17.6% last year
Bond fund redemptions ease
Balanced and equity funds lead the way