Investors Group

Investors Group

July 04, 2005 17:08 ET

Investors Group Announces June 2005 Mutual Fund Sales

WINNIPEG, MANITOBA--(CCNMatthews - July 4, 2005) - Investors Group today announced mutual fund sales of $398.9-million, redemptions of $388.6-million and net sales of $10.3-million for the month of June 2005. For the six months ended June 30, 2005, the Company had mutual fund sales of $2.915-billion, redemptions of $2.438-billion and net sales of $477.2-million.

Gross sales, redemptions and net sales of long-term funds for the month of June 2005 were $331.8-million, $331.7-million and $0.1-million. Gross sales, redemptions and net sales of long-term funds for the six months ended June 30, 2005 were $2.449-billion, $2.088-billion and $360.3-million, respectively.

Gross sales were $396.6-million, redemptions were $388.6-million and net sales were $8.0-million in June 2004. Net redemptions of long-term funds were $1.3-million. For the six months ended June 30, 2004, gross sales were $2.625-billion, redemptions were $2.309-billion and net sales were $315.5-million. Net sales of long-term funds were $109.5-million.

Mutual fund assets under management were $46.9-billion at June 30, 2005 compared to $46.2-billion at May 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 over 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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