Mutual fund industry's AUM increases 0.1% in March

Mutual fund industry’s AUM increases 0.1% in March

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 […]

By Staff | April 23, 2018 | Last updated on April 23, 2018

1 min read

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.

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