Volatile markets trim industry assets in July
Total assets under management drop
Bulk of June sales generated by money market funds
Assets under management slip 2.5%
Assets under management hit new high
Year-to-date sales of long-term funds slip into net redemptions
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
CI Financial Income Fund today reported net sales of $170 million in April 2008, and assets under management of $68.1 billion and total fee-earning assets of $102.4 billion as of April 30.CI says the month was marked by solid asset growth, as retail assets under management grew by $2.3 billion or 3.6% to $65.1 billion. […]
Long-term funds see net redemptions