Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

May 01, 2008 19:25 ET

Investment Planning Counsel Inc. Reports April 2008 Mutual Fund Assets Under Management and Sales

TORONTO, ONTARIO--(Marketwire - May 1, 2008) - Counsel Group of Funds Inc. a division of Investment Planning Counsel, Inc. today reported preliminary mutual fund assets under management and sales for the month ending April 30, 2008 as follows:

Mutual fund assets under management were $2.22-billion at April 30, 2008, compared to $2.32 billion at April 30, 2007.



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Mutual Fund Sales - Month April 2008 April 2007
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Net Net
$ millions (unaudited) Sales Redemptions New Money(i) New Money(i)
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Long Term 18.0 28.6 (10.6) 13.6
Money Market 2.5 1.1 1.4 1.4
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Total 20.5 29.7 (9.2) 15.0
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Mutual Fund Sales - YTD April 2008 April 2007
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Net Net
$ millions (unaudited) Sales Redemptions New Money(i) New Money(i)
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Long Term 90.2 105.6 (15.4) 82.9
Money Market 14.7 5.7 9.0 7.4
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Total 104.9 111.3 (6.4) 90.3
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(i) 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 Counsel 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.

Investment Planning Counsel is an integrated wealth management company focused on providing Canadians with financial products, services and advice to help them achieve their financial dreams. Investment Planning Counsel has developed a strategy that marries the needs of the planners with that of the company. Investment Planning Counsel's intent is to be the premier choice among financial planners who are dedicated to serving the needs of their clients. Investment Planning Counsel is a member of the IGM Financial Inc. (TSX:IGM) group of companies.

Contact Information

  • Investment Planning Counsel
    Steve Meehan
    Chief Executive Officer
    (905) 212-9799
    (905) 212-9675 (FAX)
    Email: smeehan@ipcfn.com