Media Release - IFIC Releases Monthly Statistics for August 2014
September 16, 2014
Toronto, ON September 16, 2014 The Investment Funds Institute of Canada (IFIC) announces that for the month ending August 31, 2014, assets under management (AUM) for the mutual funds industry reached $1.13 trillion. Year-to-date, industry AUM increased by $131 billion or 13.1%.
Net sales for the mutual funds industry totalled $4.13 billion. Net sales of long-term funds were $4.09 billion and net sales of money market funds were $35.8 million.
For more information on these results, click here. https://www.ific.ca/wp-content/uploads/2014/09/2014-08-Industry-Overview.pdf/8669/
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.
The Investment Funds Institute of Canada is the voice of Canadas 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 Canadas savers to Canadas 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.
30 For more information contact
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
Email: Senior Manager, Public Affairs
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