Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

June 01, 2006 15:42 ET

Investment Planning Counsel Inc. Reports May 2006 Mutual Fund Sales

TORONTO, ONTARIO--(CCNMatthews - June 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 May 31, 2006 as follows:



----------------------------------------------------------------
Mutual Fund Sales - Month May 2006 May 2005
----------------------------------------------------------------
$ millions (unaudited) Sales Redemptions Net Net
Sales Sales
----------------------------------------------------------------

Long Term 28.8 14.7 14.1 19.5

Money Market 3.1 0.5 2.6 0.8
--------------------------------------

Total 31.9 15.2 16.7 20.3
----------------------------------------------------------------

----------------------------------------------------------------
Mutual Fund Sales - YTD May 2006 May 2005
----------------------------------------------------------------
$ millions (unaudited) Sales Redemptions Net Net
Sales Sales
----------------------------------------------------------------

Long Term 167.1 85.0 82.1 116.4

Money Market 11.8 4.0 7.8 5.3
--------------------------------------

Total 178.9 89.0 89.9 121.7
----------------------------------------------------------------


Mutual fund assets under management were $1.95-billion at May 31, 2006, compared to $2.00-billion at April 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