Toronto, ON – November 21, 2017 – The Investment Funds Institute of Canada (IFIC) announces that for the month ending October 31, 2017, the assets under management (AUM) for the mutual funds industry reached $1.47 trillion. AUM increased by $40.7 billion or 2.9% compared to September 2017.
Net sales for the mutual funds industry were $2.4 billion. Net sales of long-term funds were $2.7 billion and net redemptions of money market funds were $272 million.
For more information on these results, click here.
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.
