Wednesday, December 21, 2022
HomeWealth ManagementCanadians pull again farther from mutual funds, IFIC reveals

Canadians pull again farther from mutual funds, IFIC reveals

For mutual funds, long-term balanced funds led the divestment at $5 billion, roughly consistent with the earlier month; whereas fairness funds noticed a bigger exodus ($3 billion) in comparison with October ($1.9 billion).

There have been additionally sizeable redemptions of bond funds ($1.1 billion) and a small pullback from speciality funds ($17 million).

Cash market funds posted $551 million in internet gross sales.

Mutual fund property totalled $1.870 trillion on the finish of November 2022. Belongings elevated by $74.1 billion or 4.1% in comparison with October 2022.

The development within the Canadian funds market is mirrored within the world market in accordance with a brand new evaluation from Bloomberg Intelligence.



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