Investors Group

Investors Group

March 01, 2005 16:30 ET

Investors Group Announces February 2005 Mutual Fund Sales


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INVESTORS GROUP

MARCH 1, 2005 - 16:30 ET

Investors Group Announces February 2005 Mutual Fund
Sales

WINNIPEG, MANITOBA--(CCNMatthews - March 1, 2005) - Investors Group
today announced mutual fund sales of $700.9-million, redemptions of
$401.6-million and net sales of $299.3-million for the month of February
2005. For the two months ended February 28, 2005, the Company had mutual
fund sales of $1.113- billion, redemptions of $800.7-million and net
sales of $312.4-million.

Gross sales, redemptions and net sales of long-term funds for the month
of February 2005 were $623.2-million, $349.1-million and $274.1-million.
Gross sales, redemptions and net redemptions of long-term funds for the
two months ended February 28, 2005 were $972.0-million, $695.6-million
and $276.4-million, respectively.

Gross sales were $628.9-million, redemptions were $388.0-million and net
sales were $240.9-million in February 2004. Net sales of long-term funds
were $216.6-million. For the two months ended February 29, 2004, gross
sales were $1.021-billion, redemptions were $760.7-million and net sales
were $260.1-million. Net sales of long-term funds were $232.5-million

Mutual fund assets under management were $45.8-billion at February 28,
2005 compared to $44.5-billion at January 31, 2005.

Investors Group is a national leader in delivering personalized
financial solutions to more than one million Canadians, through a
network of approximately 3,500 Consultants located in 100 Financial
Planning Centres. In addition to an exclusive family of mutual funds,
managed asset and other investment vehicles, Investors Group offers a
wide range of mortgage, insurance, brokerage and banking services.
Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group
of companies.

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