IFIC Releases Monthly Statistics for July 2017
August 22, 2017
Toronto, ON - August 22, 2017 - The Investment Funds Institute of Canada (IFIC) announces that for the month ending July 31, 2017, the assets under management (AUM) for the mutual funds industry totalled $1.4 trillion. AUM decreased by $12.3 billion or 0.9% compared to June 2017. The decrease in AUM compared to the previous month is a result of declines in the markets.
Net sales for the mutual funds industry were $3.9 billion. Net sales of long-term funds were $3.7 billion and net sales of money market funds were $240 million.
For more information on these results, follow this link: https://www.ific.ca/wp-content/uploads/2017/08/2017-7-Industry-Overview.pdf/17936/
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 Canadas investment 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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