The Investment Funds Institute of Canada said net sales for the month of April, excluding re-invested distributions, totalled $567 million. However, total assets under management fell as stock markets retreated.

Net sales for all funds, including re-invested distributions, stood at $953 million.

“Year-to-date, Canadian investors have purchased $10.1 billion in mutual funds,” said Tom Hockin, IFIC’s president & CEO, in a release. “April also marks the sixth straight month of positive sales for our industry, pointing yet again, to the ongoing confidence Canadians have in our funds.”

Total assets under management in April were $511.5 billion, down from $513.9 million in March.

Gross sales for the month of April, including money market funds, totalled $10.6 billion, up from $10 billion in March.

Dividend and Income funds continue to be the biggest sellers in April, with net sales totalling $699 million and $807 million respectively, including re-invested distributions. Total assets under management in Dividend & Income funds were $60.9 billion.