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Posted AT 5:53 PM EDT on 03/07/08

Mutual funds post $1.7-billion inflow

SHIRLEY WON

The Globe and Mail

Canadians stashed about $1.7-billion in mutual funds in June, with some investors jumping into the market as the S&P/TSX composite index continued to hit new highs. The fund flows were off 26 per cent from $2.3-billion a year ago, but up sharply from $38.8-million in June of 2006, according to figures released Thursday by the Investment Funds Institute of Canada.

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