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Mutual Fund News

CI Fund's sales total $51-million in May

CI Fund Management Inc. had total net sales of $51-million in May, including net sales at Assante Corp. of $73-million. The company's CI Mutual Funds Inc. unit had net redemptions of $22-million, comprising net redemptions of $25-million in long-term funds and net sales of $3-million in money market funds. CI Fund's total fee-earning assets were $61.4-billion at May 31, essentially unchanged from a month ago and up 86 per cent from a year earlier.

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