Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

August 01, 2006 16:10 ET

Investment Planning Counsel Inc. Reports July 2006 Mutual Fund Sales

TORONTO, ONTARIO--(CCNMatthews - Aug. 1, 2006) - Counsel Group of Funds, Inc., a division of Investment Planning Counsel, Inc., today reported preliminary mutual fund sales and assets under management for the month ending July 31, 2006 as follows:



Mutual Fund Sales - Month July 2006 July 2005
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$ millions (unaudited) Sales Redemptions Net Sales Net Sales
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Long Term 22.0 12.5 9.5 15.8
Money Market 2.0 0.6 1.4 0.5
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Total 24.0 13.1 10.9 16.3
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Mutual Fund Sales - YTD July 2006 July 2005
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$ millions (unaudited) Sales Redemptions Net Sales Net Sales
------------------------------------------------------------------------
Long Term 214.3 111.9 102.4 148.0
Money Market 15.6 5.5 10.1 6.5
------------------------------------------------------------------------
Total 229.9 117.4 112.5 154.5
------------------------------------------------------------------------


Mutual fund assets under management were $2.00-billion at July 31, 2006, compared to $1.96-billion at June 30, 2006.

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)
    smeehan@ipcfn.com