Media Release - IFIC Updates Monthly Statistics for February 2017
March 29, 2017
Toronto, ON March 29, 2017 The Investment Funds Institute of Canada (IFIC) released updated sales data for the month ending February 28, 2017. The assets under management (AUM) for the mutual funds industry reached $1.38 trillion. Year-to-date, industry AUM increased by $37.6 billion or 2.8%.
Net sales for the mutual funds industry were $9.16 billion. Net sales of long-term funds were $9.25 billion and net redemptions of money market funds were $89.9 million.
For more information on these results, follow this link (https://www.ific.ca/wp-content/uploads/2017/03/2017-02-IFIC-Industry-Overview.pdf/16599/).
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:
Ilana Arnold, Communications and Events Assistant: email@example.com 416-309-2311For more information contact
Communications and Events Assistant
The Investment Funds Institute of Canada (IFIC)
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