Media Release - IFIC Releases Monthly Statistics for November 2016
December 22, 2016
Toronto, ON December 22, 2016 The Investment Funds Institute of Canada (IFIC) announces that for the month ending November 30, 2016, the assets under management (AUM) for the mutual funds industry totalled $1.33 trillion. Year-to-date, industry AUM increased by $94.5 billion or 7.7%.
Net sales for the mutual funds industry were $2.24 billion. Net sales of long-term funds were $2.28 billion and net redemptions of money market funds were $32.6 million.
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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 Strategic Insight.
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: email@example.com 416-309-2317For more information contact
Senior Manager, Public Affairs
The Investment Funds Institute of Canada (IFIC)
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