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Canadian mutual fund assets hit CAD810bn in April, says IFIC

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Assets under management (AUM) for the Canadian mutual fund industry totalled CAD810.0 billion in April, according to figures released by the Investment Funds Institute of Canada (IFIC). Year-to-date, industry AUM increased by CAD40.4 billion or 5.25%.

“Net sales for the mutual fund industry totalled CAD1.93 billion,” says said Jon Cockerline, IFIC’s Director, Policy & Research. “Net sales of long-term funds were VAD2.41 billion and net redemptions of money market funds were CAD485.7 million.”

Balanced funds’ net sales in April, 2012 totalled CAD2.24 billion compared to net sales of CAD3.03 billion last month. Year-to-date net sales for balanced funds totalled CAD12.7 billion compared to net sales of CAD16.9 billion for the same period last year.

Bond funds’ net sales in April, 2012 totalled CAD744.8 million compared to net sales of CAD1.80 billion last month. Year-to-date net sales for bond funds totalled CAD7.80 billion compared to net sales of CAD774.8 million for the same period last year.

Equity funds’ net redemptions in April, 2012 totalled CAD732.0 million compared to net redemptions of CAD884.8 million last month. Year-to-date net redemptions for equity funds totalled CAD3.67 billion compared to sales of CAD260.6 million for the same period last year.

 

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