The Investment Fund Institute of Canada reported that the return of billions of parked investment dollars continued last month as long-term mutual fund mandates experienced another strong month of net sales. The total mutual fund assets grew by $4.3 billion during the month of September to a total of $582.7 billion.
Investor money is coming back to long-term fund assets. Investors are buying overwhelmingly balanced funds or fund-of-fund mandates. So, they are playing safe but they do take the action to move from low yielding cash to investments.
This recovery is a strong one. Don’t miss the boat if you have not taken action yet. Make your investment now!