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Media Release - IFIC Releases Monthly Statistics for August 2016

September 19, 2016

Toronto, ON – September 19, 2016 – The Investment Funds Institute of Canada (IFIC) announces that for the month ending August 31, 2016, assets under management (AUM) for the mutual funds industry reached $1.31 trillion. Year-to-date, industry AUM increased by $81.6 billion or 6.6%.

Net sales totalled $2.70 billion in August 2016. Net sales of long-term funds were $2.70 billion and net redemptions of money market funds were $4.6 million.

For more information on these results, follow this link:

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. 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:
Sara Clodman, Senior Manager, Public Affairs: 416-309-2317

For more information contact:
Sara Clodman
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
Phone: 416-309-2317

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The Investment Funds Institute of Canada (IFIC)


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