AUM for mutual funds industry up 1.2% in September

Assets under management (AUM) for the mutual funds industry reached $1.43 trillion in September, the Investment Funds Institute of Canada (IFIC) reports.

AUM increased by $16.8 billion, or 1.2%, compared to August 2017.

Net sales for the mutual funds industry were $1.6 billion. Net sales of long-term funds were $1.7 billion and net redemptions of money market funds were $97.6 million, the IFIC says.

Read the full report.

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