Mutual fund assets increase 14.2% in one year

Canadians show no signs of slowing down when it comes to investing in mutual funds. IFIC reports that, for the month ending April 30, 2017, assets under management (AUM) for the mutual funds industry reached $1.42 trillion, compared with $1.39 trillion the previous month. Read: No trailers for advice unless you provide advice, says IFIC […]

By Staff | May 25, 2017 | Last updated on May 25, 2017

1 min read

Canadians show no signs of slowing down when it comes to investing in mutual funds.

IFIC reports that, for the month ending April 30, 2017, assets under management (AUM) for the mutual funds industry reached $1.42 trillion, compared with $1.39 trillion the previous month.

Read: No trailers for advice unless you provide advice, says IFIC

Year-to-date, industry AUM increased by $79.9 billion or 6.0%. Since April 2016, total mutual fund assets have increased by $1.77 trillion or 14.2%.

Read: Manulife reports record total assets

Net sales for the mutual funds industry were $2.78 billion. Net sales of long-term funds were $3.0 billion, and net redemptions of money market funds were $275.4 million.

Read all the mutual fund details in IFIC’s report.

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