Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2452

Canada sees likely net increase in mutual funds assets in March

RELATED TOPICS​

The Investment Funds Institute of Canada has reported that based on a sample of preliminary data from some of its members, net sales of mutual funds during March are estimated to be bet

The Investment Funds Institute of Canada has reported that based on a sample of preliminary data from some of its members, net sales of mutual funds during March are estimated to be between CAD168m and CAD668m.

"Equity markets were more cooperative last month which resulted in an estimated 4.16 per cent or CAD20bn increase in industry assets under management,’ says Pat Dunwoody, the institute’s vice-president for member services and communications.

"Things were a bit more subdued on the sales side where it’s likely that Canadians were a little less focused on their investments and a little more focused on things like their employment which is understandable."

IFIC also estimates that net assets of the mutual fund industry for the month of March will be between CAD494.2bn and CAD499.2bn, up approximately 4.16 per cent from last month’s total of CAD476.9bn. In February, the institute reported that the industry achieved net sales excluding the reinvestment of distributions of CAD1.7bn.

Founded in 1962, IFIC is the national association of the Canadian investment funds industry, acting as a voice of the industry to government, regulators and the public.

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by