Investors Group

Investors Group

June 01, 2005 17:30 ET

Investors Group Announces May 2005 Mutual Fund Sales

WINNIPEG, MANITOBA--(CCNMatthews - June 1, 2005) - Investors Group today announced mutual fund sales of $492.9-million, redemptions of $412.8-million and net sales of $80.1-million for the month of May 2005. For the five months ended May 31, 2005, the Company had mutual fund sales of $2.516-billion, redemptions of $2.049-billion and net sales of $466.9-million.

Gross sales, redemptions and net sales of long-term funds for the month of May 2005 were $392.5-million, $348.3-million and $44.2-million. Gross sales, redemptions and net sales of long-term funds for the five months ended May 31, 2005 were $2.117-billion, $1.757-billion and $360.2-million, respectively.

Gross sales were $336.8-million, redemptions were $357.0-million and net redemptions were $20.2-million in May 2004. Net redemptions of long-term funds were $38.4-million. For the five months ended May 31, 2004, gross sales were $2.228-billion, redemptions were $1.921-billion and net sales were $307.5-million. Net sales of long-term funds were $243.8-million.

Mutual fund assets under management were $46.2-billion at May 31, 2005 compared to $45.4-billion at April 30, 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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