Fidelity Investments Canada edged out Mackenzie Financial as the leading gainer in market share in the Canadian fund industry in the third quarter.

Based on statistics released by the Investment Funds Institute of Canada (IFIC), Fidelity picked up 0.29 percent in share to hold 5.41 percent of all IFIC member assets. Mackenzie was second by a narrow margin. It gained 0.28 percent to bring it to 8.05 percent of member assets.

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