Investors add $1.87 billion to Canadian-run mutual funds assets in December

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TORONTO - The Investment Funds Institute of Canada says the country's mutual fund industry reaped $1.87 billion in net sales last month.

IFIC says December's net sales pushed up total investor assets in Canadian-run mutual funds to $849.7 billion at the end of 2012.

That's up 10.4 per cent from the end of 2011, including a 1.5 per cent month-to-month increase from November to December.

IFIC says there were $2.14 billion of net sales of long-term funds in December and $264.2 million of net redemptions from money market funds.

Organizations: Investment Funds Institute of Canada

Geographic location: TORONTO

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