Investors Group

Investors Group

January 04, 2005 17:39 ET

Investors Group Announces December 2004 Mutual Fund Sales


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INVESTORS GROUP

JANUARY 4, 2005 - 17:39 ET

Investors Group Announces December 2004 Mutual Fund
Sales

WINNIPEG, MANITOBA--(CCNMatthews - Jan. 4, 2005) - Investors Group today
announced mutual fund sales of $355.3-million, redemptions of
$390.3-million and net redemptions of $35.0-million for the month of
December 2004. For the twelve months ended December 31, 2004, the
Company had mutual fund sales of $4.722-billion, redemptions of
$4.504-billion and net sales of $217.9-million.

Gross sales, redemptions and net redemptions of long-term funds for the
month of December 2004 were $280.5-million, $332.3-million and
$51.8-million. Gross sales, redemptions and net redemptions of long-term
funds for the twelve months ended December 31, 2004 were $3.716-billion,
$3.796-billion and $80.6-million, respectively.

Certain sales of long-term funds up to March 31, 2004, sourced through
Investors Group's Solutions Banking™ loan programs, were deposited
and held in Investors Group's Money Market Fund on a one-day basis and
then transferred into long-term mutual funds. Including these sales, the
sales and net sales of long-term funds for the twelve months ended
December 31, 2004 would have been $3.850-billion and $53.4-million,
respectively.

Gross sales were $341.4-million, redemptions were $360.3-million and net
redemptions were $18.9-million in December 2003. Net redemptions of
long-term funds were $41.5-million. For the twelve months ended December
31, 2003, gross sales were $4.019-billion, redemptions were
$4.859-billion and net redemptions were $840.2-million. Net redemptions
of long-term funds were $856.7-million.

Mutual fund assets under management were $44.5-billion at December 31,
2004 compared to $43.3-billion at November 30, 2004.

Investors Group is a national leader in delivering personalized
financial solutions to more than one million Canadians, through a
network of over 3,300 Consultants located in 100 Financial Planning
Centres. In addition to an exclusive family of mutual funds, managed
asset and other investment vehicles, Investors Group offers a wide range
of mortgage, insurance, brokerage and banking services. Investors Group
is a member of the IGM Financial Inc. (TSX:IGI) group of companies.

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