Investors Group

Investors Group

February 01, 2007 17:22 ET

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

WINNIPEG, MANITOBA--(CCNMatthews - Feb. 1, 2007) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending January 31, 2007 as follows:



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Mutual Fund Sales - Month January 2007 January 2006
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(a) Money(a)
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Long Term 539.6 407.6 132.0 64.9
Money Market 87.6 54.4 33.2 23.2
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Total 627.2 462.0 165.2 88.1
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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 now used by The Investment Funds Institute of Canada (IFIC).

Mutual fund assets under management were $58.9-billion at January 31, 2007 compared to $58.2-billion at December 31, 2006.

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 approximately 3900 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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