Investors Group

Investors Group

January 03, 2008 10:29 ET

Investors Group Reports December 2007 Mutual Fund Assets Under Management and Sales

WINNIPEG, MANITOBA--(Marketwire - Jan. 3, 2008) - Investors Group today reported preliminary mutual fund assets under management and sales for the month ending December 31, 2007 as follows:

Mutual fund assets under management were $60.2 -billion at December 31, 2007 compared to $58.2 -billion at December 31, 2006.



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Mutual Fund
Sales -
Month December 2007 December 2006
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$ millions
(unaudited) Sales Redemptions Net New Money (a) Net New Money (a)
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Long Term 357.2 334.6 22.6 60.4
Money Market 105.8 60.7 45.1 40.2
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Total 463.0 395.3 67.7 100.6
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Mutual Fund
Sales -
YTD December 2007 December 2006
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$ millions
(unaudited) Sales Redemptions Net New Money (a) Net New Money (a)
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Long Term 6,009.2 4,307.2 1,702.0 1,005.0
Money Market 1,220.2 763.9 456.3 340.4
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Total 7,229.4 5,071.1 2,158.3 1,345.4
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(a) Net New Money (referred to as Net Sales in prior periods) is defined as
Sales less Redemptions and is consistent with the terminology used by The
Investment Funds Institute of Canada (IFIC).


Additional information about Investors Group 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 over 4,300 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 banking 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 $121 billion in total assets under management.

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