Investors Group

Investors Group

May 03, 2010 17:05 ET

Investors Group Reports April 2010 Mutual Fund Sales and Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - May 3, 2010) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending April 30, 2010. Mutual fund assets under management were $59.1-billion at April 30, 2010 compared with $49.2-billion at April 30, 2009 and $57.7 at December 31, 2009.

  Mutual Fund Sales - Month   April 2010   April 2009  
  $ millions (unaudited)   Sales   Redemptions   Net New Money *   Net New Money *  
  Long Term   391.7   424.8   (33.1 (66.7
  Money Market   55.4   69.0   (13.6 ) (19.9
  Total     447.1   493.8   (46.7 ) (86.6 ) 
                     
                     
  Mutual Fund Sales - YTD   April 2010   April 2009  
  $ millions (unaudited)   Sales   Redemptions   Net New Money *   Net New Money *  
  Long Term   2,085.1   1,552.7   532.4   152.0  
  Money Market   242.2   260.9   (18.7 ) 70.8  
  Total   2,327.3   1,813.6   513.7   222.8  

* Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by The Investment Funds Institute of Canada (IFIC).

For additional information about Investors Group's average assets under management, please see the IGM Financial press release which will be available on May 4, 2010. Additional information about Investors Group's mutual fund assets and fund flows will be available on the Investment Funds Institute of Canada (IFIC) web site (www.ific.ca) on approximately the 15th of each month as part of a Canadian industry-wide release of monthly statistics.

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4,600 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX:IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $123 billion in total assets under management.

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