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Balanced funds rake in $3.7 billion
Mutual funds likely managed about $3 billion in net sales during February, according to preliminary estimates from the Investment Funds Institute of Canada.IFIC reported that, based on a sample of preliminary data from some of its members, net sales of mutual funds for February are estimated to be between $2.75 billion and $3.25 billion. Long-term […]
Industry assets slip 1.5%
However, investors are not taking on much risk, as fixed-income funds and balanced funds represent the biggest purchases
Dynamic leads net sales for January
Net sales of fund-of-fund products outpaced net sales of stand‐alone fund products in every month of 2009
Balanced funds lead the way in December
Scotia Securities leads net sales in December
Assets under management up 16% from a year ago