Bulk of June sales generated by money market funds
Assets under management hit new high
Year-to-date sales of long-term funds slip into net redemptions
Urges IDA to adopt a flexible approach to performance reporting requirements
Mutual fund industry net sales slumped in April, yet assets swelled, as markets recovered, according to the latest data from the Investment Funds Institute of Canada.IFIC reported that total industry sales came in at $560.8 million, down substantially from the $2.6 billion seen in March, and $2.5 billion in the same month last year. However, […]
Fund sales lower than in previous years
IFIC wonders if investors will benefit from the suggested requirements
Industry facing four schemes
Golombek looking for feedback on proposal
Industry assets grow despite market turmoil