Mutual fund sales drop in February [Advisor.ca (Canada)]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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Source: Advisor.ca
Assets under management (AUM) for the mutual fund industry declined in February to a total of $1.48 trillion, says an IFC report . The AUM decreased by $4.6 billion, or 0.3%, compared with the month of January. The drop occurred because of “declines in the markets” said IFIC in a press release. Total mutual fund assets have increased by $105.3 billion, or 7.7%, since February 2017. Read : Continued growth expected for ETFs: report Net sales for the mutual funds industry were $8.7 billion in February 2018. Net sales of long-term funds were $8.1 billion and net sales of money market funds were $632 million. Read the full IFIC report . Also read : Sun Life Global Investments and Excel close 2 ETFS MFDA to Advisors: We’re watching your recommendations Originally published on Advisor.ca
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