Mutual fund assets up almost 3% in October

Assets under management (AUM) for the mutual funds industry reached $1.47 trillion for October 2017, reveals an IFIC report. That’s an increase of $40.7 billion or 2.9% compared to September 2017.

Read: ETFs versus mutual funds: which win?

Net sales of mutual funds were $2.4 billion for October, up compared to net sales of $1.6 billion for the previous month, and higher compared to net sales of $2.0 billion last October.

For more details, read the full report.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.