Investment Planning Counsel Inc.

Investment Planning Counsel Inc.

December 01, 2010 18:47 ET

Investment Planning Counsel Inc. Reports November 2010 Mutual Fund Sales and Assets Under Management

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2010) - Counsel Portfolio Services Inc., a division of Investment Planning Counsel Inc., today reported preliminary mutual fund sales and assets under management for the month ending November 30, 2010. Mutual fund assets under management were $2.46 billion at November 30, 2010 compared with $2.08 billion at November 30, 2009 and $2.14 billion at December 31, 2009.

Mutual Fund Sales - Month  November 2010 November 2009
$ millions (unaudited) Sales Redemptions Net New
Money *
Net New
Money *
Long Term 44.9 26.1 18.8 11.3
Money Market 5.0 1.2 3.8 3.6
Total 49.9 27.3 22.6 14.9
         
Mutual Fund Sales - YTD  November 2010 November 2009
$ millions (unaudited) Sales Redemptions Net New
Money *
Net New
Money *
Long Term 404.0 245.0 159.0 53.8
Money Market 43.7 19.1 24.6 29.5
Total 447.7 264.1 183.6 83.3
 
* 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 Counsel Portfolio Services Inc. average assets under management, please see the IGM Financial press release which will be available on December 2, 2010. Additional information about Counsel'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.

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 Inc.
    Chris Reynolds
    (905) 212-9799
    (905) 212-9675 (FAX)
    creynolds@ipcfn.com