Mutual fund AUM up 6% YTD

IFIC has announced that for March 2014, Assets Under Management (AUM) for the mutual funds industry was $1,059 billion. Year-to-date, industry AUM increased by $59.8 billion or 6%.

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Net sales for the mutual funds industry totalled $7.73 billion. Net sales of long-term funds were $7.87 billion and net redemptions of money market funds were $142.6 million.

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