Average AUM has barely budged in the past year, moving to $18.3 million from $18.1 million
The mutual fund industry continued to enjoy strong net sales in April. The Investment Funds Institute of Canada says that net sales, excluding re-invested distributions of $284.3 million, totalled $1.4 billion.“Net sales are the strongest for an April since 1998. Sales for the first four months of 2004 totalled $12.3 billion, compared with $8.8 billion […]
Seventh month of positive net sales
Assets slip at independent firms
Sixth consecutive month of positive sales
Majority of sales go to long-term funds
$5 billion in net sales last month
Interest of individual investors should always come first
Bank funds see biggest gains
Deposit insurance not relevant for mutual funds