IFIC Releases Monthly Statistics for August 2017
Toronto, ON – September 21, 2017 – The Investment Funds Institute of Canada (IFIC) announces that for the month ending August 31, 2017, the assets under management (AUM) for the mutual funds industry reached $1.41 trillion. AUM increased by $8.3 billion or 0.6% compared to July 2017.
Net sales for the mutual funds industry were $1.8 billion. Net sales of long-term funds were $1.7 billion and net sales of money market funds were $127.4 million.
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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 Canada’s 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 Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s investment funds industry and its investors for more than 50 years.
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Ilana Arnold, Communications and Events Assistant: firstname.lastname@example.org 416-309-2311