Assets under management (AUM) for the mutual funds industry totalled $1.48 trillion in March, reports IFIC, an increase of $1.2 billion, or 0.1%, compared to February.

Read: Mutual fund sales drop in February

Since March 2017, total mutual fund assets have increased by $91.1 billion or 6.5%.

Net sales for the mutual funds industry in March were $2.6 billion. Net sales of long-term funds were $2.7 billion, and net redemptions of money market funds were $133 million.

For more details, read IFIC’s report.

Also read:

MFDA to launch 2018 client research project

Trailing fees paid to TD brokers result in proposed class action