16°c A few clouds
19°c Sunny
The Canadian Press - ONLINE EDITION
Mutual fund assets under management grow $7.63B in February; now total $891.8B
TORONTO - Net assets under management by the Canadian mutual funds industry rose 2.4 per cent month over month to $891.8 billion in February, the Investment Funds Institute of Canada reported Friday.
IFIC says net sales last month totalled $7.63 billion, a figure that included net sales of long-term funds of $8.2 billion and net redemptions of money market funds of $567.8 million.
Nets sales in the first two months of the year total $13 billion, including $14.5 billion of long-terms funds offset by $1.45 billion of money market net redemptions.
Balanced funds had net sales in February of $7.13 billion compared with net sales of $4.1 billion in January. Year-to-date net sales for balanced funds totalled $11.2 billion compared with net sales of $7.43 billion for the same period last year.
Bond funds' net sales in February totalled $249.1 million compared with net sales of $1.30 billion last month. Year to date, net sales for bond funds totalled $1.55 billion compared with net sales of $5.25 billion for the same period last year.
Equity funds’ net sales in February 2013 totalled $558.4 million, up from $272.5 million in January. Year-to-date net sales for equity funds totalled $830.9 million compared with net redemptions of $2.05 billion for the same period last year.
Since February 2012, total mutual fund assets have increased by $81.4 billion, or 10 per cent, IFIC said.
More Business
- Back to Top
- Return to Business
More Business
(1 of 50 articles for today)
Biden says Jewish leaders in Hollywood, social media drove changing attitudes on gay marriage
8:49 PM 0WASHINGTON - Vice-President Joe Biden is praising Jewish leaders for helping change American attitudes about gay marriage and other issues.
Biden ...
Poll
Most Popular Business
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Creative industries can fuel a city's economic engine
- Manitoba Movers
- A look at how the struggling French economy compares to Germany's and Britain's
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Bridging the gap
- Ex-Ford Motors executives charged in tortures of union workers during Argentina's dictatorship
- North American markets climb on gold, energy gains and positive Fed speeches
- Apple CEO Cook testifies before Senate panel after report says it avoids billions in taxes
- A closer look at the 3 new game consoles from Microsoft, Nintendo and Sony
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Driving downtown development
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Creative industries can fuel a city's economic engine
- Transcona transformation
- Bridging the gap
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Ex-'Pegger seeks to grow local businesses
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Bridging the gap
- Creative industries can fuel a city's economic engine
- There are lots of I's in 'team'
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Boreal Forest conservation negotiations end in failure after three years
- Portage, Winnipeg law firms join forces
- Late deal in workplace sex-harassment case
- Experts urge buyers to take precautions when buying used cars and trucks
- Ex-'Pegger seeks to grow local businesses
- Diversification spurs Exchange Income's growth
- Bridging the gap
- Driving downtown development
- Late deal in workplace sex-harassment case
- Transcona transformation
- More than a new boss
- There are lots of I's in 'team'
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
- Ex-'Pegger seeks to grow local businesses
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.