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Canadian mutual fund assets up 0.94% in January

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Based on a sample of preliminary data from some of IFIC’s members, net sales of mutual funds for the month of January are estimated to be between CAD2.45 billion and CAD2.95 billion.

The IFIC also estimates that net assets of the mutual fund industry for January will be between CAD639.1 billion and CAD644.1 billion, up approximately 0.94% from last month’s total of CAD635.7 billion.

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