Media Release - IFIC Releases Monthly Statistics for July 2016
August 19, 2016
Toronto, ON - August 19, 2016 - The Investment Funds Institute of Canada (IFIC) announces that for the month ending July 31, 2016, assets under management (AUM) for the mutual funds industry totalled $1.30 trillion. AUM increased by $37 billion or 2.9% compared to June 2016.
Net sales totalled $2.6 billion in July 2016. Net sales of long-term funds were $2.6 billion and net sales of money market funds were $2 million.
For more information on these results, follow this link: (https://www.ific.ca/wp-content/uploads/2016/08/2016-07-IFIC-Industry-Overview.pdf/14951/)
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.
30 For more information contact
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
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