IG reports October redemptions
Redemptions estimated at $350 million
Dividend and income funds show growth
Money market funds account for bulk of redemptions
Eighth month of positive sales
Net sales estimated to fall between $600 million and $1 billion
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