IFIC Releases Monthly Statistics for July 2014

August 19, 2014

Toronto, ON – The Investment Funds Institute of Canada (IFIC) announces that for the month ending July 31, 2014, the assets under management (AUM) for the mutual funds industry reached $1.11 trillion. Year-to-date, industry AUM increased by $109.0 billion or 10.9%.

Net sales for the mutual funds industry totalled $4.56 billion. Net sales of long-term funds were $4.77 billion and net redemptions of money market funds were $211.0 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 funds industry. Aggregate totals are provided by Investor Economics.

About IFIC

The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada's mutual funds industry and its investors for more than 50 years.

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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)