Investors Group

Investors Group

September 04, 2007 15:55 ET

Investors Group Reports August 2007 Mutual Fund Assets Under Management and Sales

WINNIPEG, MANITOBA--(Marketwire - Sept. 4, 2007) - Investors Group today reported preliminary mutual fund assets under management and sales for the month ending August 31, 2007 as follows:

Mutual fund assets under management were $60.6-billion at August 31, 2007 compared to $53.8-billion at August 31, 2006.



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Mutual Fund Sales - Month August 2007 August 2006
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 422.9 344.3 78.6 11.5

Money Market 125.0 84.3 40.7 32.1
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Total 547.9 428.6 119.3 43.6
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Mutual Fund Sales - YTD August 2007 August 2006
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 4,334.8 2,945.1 1,389.7 777.2

Money Market 801.5 501.1 300.4 217.6
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Total 5,136.3 3,446.2 1,690.1 994.8
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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 4,100 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 banking 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 $123 billion in total assets under management.

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