Investors Group

Investors Group

March 01, 2010 16:11 ET

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

WINNIPEG, MANITOBA--(Marketwire - March 1, 2010) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending February 28, 2010. Mutual fund assets under management were $57.5-billion at February 28, 2010 compared with $44.2-billion at February 28, 2009 and $57.7 at December 31, 2009.

Mutual Fund Sales - Month   February 2010 February 2009
$ millions (unaudited)   Sales Redemptions Net New Money * Net New Money *
Long Term   684.2 343.2 341.0 159.1
Money Market   63.9 62.2 1.7 52.1
Total   748.1 405.4 342.7 211.2
           
           
Mutual Fund Sales - YTD   February 2010 February 2009
$ millions (unaudited)   Sales Redemptions Net New Money * Net New Money *
Long Term   1,128.1 717.4 410.7 184.1
Money Market   116.9 126.7 (9.8) 66.4
Total   1,245.0 844.1 400.9 250.5

* 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 March 2, 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 over 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 $120 billion in total assets under management.

Contact Information