Investors Group

Investors Group

May 01, 2008 16:32 ET

Investors Group Reports April 2008 Mutual Fund Assets Under Management and Sales

WINNIPEG, MANITOBA--(Marketwire - May 1, 2008) - Investors Group today reported preliminary mutual fund assets under management and sales for the month ending April 30, 2008 as follows:

Mutual fund assets under management were $60.0-billion at April 30, 2008 compared to $60.7-billion at April 30, 2007.



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Mutual Fund Sales - Month April 2008 April 2007
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$ millions (unaudited) Sales Redemptions Net New Net New
Money (i) Money (i)
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Long Term 366.5 436.9 (70.4) 75.4

Money Market 114.8 96.2 18.6 10.3
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Total 481.3 533.1 (51.8) 85.7
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Mutual Fund Sales - YTD April 2008 April 2007
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$ millions (unaudited) Sales Redemptions Net New Net New
Money (i) Money (i)
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Long Term 1,932.6 1,650.3 282.3 930.9

Money Market 502.0 325.8 176.2 155.9
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Total 2,434.6 1,976.1 458.5 1,086.8
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(i) Net New Money (referred to as Net Sales in prior periods) is defined
as Sales less Redemptions and is consistent with the terminology used
by The Investment Funds Institute of Canada (IFIC).


Additional information about Investors Group 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.

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 4,300 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX:IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $122 billion in total assets under management.


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