IFIC | Page 8 of 8 | Advisor.ca

Fund sales soar ahead of RRSP deadline

Mutual fund inflows surged in February, as last minute RRSP contributions drove net sales to $5.87 billion for the month. That’s up from $3.05 billion in January and $3.39 billion in February 2010. In the first two months of 2011 alone, net sales have totaled $8.92 billion, nearly double last year’s total of $4.46 billion. […]

By Staff |March 15, 2011

2 min read

Industry

IFIC cuts back on stats reports

IFIC announced late Monday that it would no longer include sales data for individual fund companies in its monthly sales report. Instead, IFIC will report on sales by asset class and CIFSC category. The decision comes after a string of major companies pulled out of offering such data to the group. “IFIC, as the official […]

By Steven Lamb |February 15, 2011

1 min read

Industry

Mutual fund sales top estimates

The mutual fund industry beat sales forecasts in January 2011, with total net sales of $3.05 billion, topping The Investment Funds Institute of Canada’s preliminary forecast of between $2.45 billion and $2.95 billion. Total mutual fund assets ended the month at $641.8 billion, up $6.1 billion from December and a hefty $85.4 billion since last […]

By Steven Lamb |February 15, 2011

1 min read