IFIC Releases Monthly Statistics for February 2014

March 18, 2014

Toronto, ON – March 18, 2014 – IFIC announces that for the month of February 2014, the Assets Under Management (AUM) for the mutual fund industry reached $1,045.2 billion. Year-to-date, industry AUM increased by $46 billion or 4.6%, according to Jon Cockerline, IFIC’s director, policy and research.

Net sales for the mutual fund industry totalled $9.27 billion. Net sales of long-term funds were $9.65 billion and net redemptions of money market funds were $388.1 million.

For more information on these results, visit IFIC.CA.

Data for this report is compiled from IFIC and other sources to comprehensively reflect the size and activity of the Canadian retail mutual fund industry. Aggregate totals are provided by Investor Economics.

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For more information contact:
Sara Clodman
Senior Manager, Public Affairs
The Investment Funds Institute of Canada
Phone: 416-309-2317
Email: sclodman@ific.ca
Website: IFIC.CA

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The Investment Funds Institute of Canada (IFIC)

Topics:

• Financial Services
• Funds Management
• Investment Funds
• Investment in Canada
• Investments
• Mutual Funds
• Mutual Funds Industry
• Registered Education Savings Plans (RESPs)
• Registered Retirement Savings Plans (RRSPs)