IFIC Releases Monthly Statistics for February 2016
March 18, 2016
Toronto, ON - March 18, 2016 - The Investment Funds Institute of Canada (IFIC) announces that for the month ending February 29, 2016, assets under management (AUM) for the mutual funds industry totalled $1.20 trillion. AUM decreased by $11 billion or 0.92% compared to January 2016. The decrease in AUM compared to the previous month is a result of the decline in the markets.
Net sales totalled $6.6 billion in February 2016. Net sales of long-term funds were $6.6 billion and net redemptions of money market funds were $53 million.
For more information on these results, follow this link: (https://www.ific.ca/wp-content/uploads/2016/03/2016-02-IFIC-Industry-Overview.pdf/13353/)
Data for this report is compiled by IFIC to comprehensively reflect the size and activity of the Canadian retail mutual funds industry. 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.
For more information:
Sara Clodman, Senior Manager, Public Affairs: firstname.lastname@example.org 416-309-2317For more information contact
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
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