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Candian mutual funds AUM totals CAD769.7bn in December, says IFIC

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Assets under management (AUM) for the Canadian mutual fund industry in December 2011 totalled CAD769.7 billion, according to figures released by the Investment Funds Institute of Canada (IFIC). Year-to-date, industry AUM decreased by CAD2.96 billion or 0.4%,.

“Net sales for the mutual fund industry totalled CAD1.13 billion,” says Jon Cockerline, IFIC’s director, policy & research. “Net sales of long-term funds were CAD1.20 billion and net redemptions of money market funds were CAD67.5 million.”
 

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