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, IFICs 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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Senior Manager, Public Affairs
The Investment Funds Institute of Canada
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