Investors Group

Investors Group

January 04, 2011 18:07 ET

Investors Group Reports December 2010 Mutual Fund Sales and Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - Jan. 4, 2011) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending December 31, 2010. Mutual fund assets under management were $61.8-billion at December 31, 2010 compared with $57.7-billion at December 31, 2009.

Mutual Fund Sales - Month   December 2010   December 2009
$ millions (unaudited) Sales Redemptions Net New Money *   Net New Money *
Long Term 391.2 443.0 (51.8 ) 29.0
Money Market 61.9 64.7 (2.8 ) 10.7
Total 453.1 507.7 (54.6 ) 39.7
Mutual Fund Sales - YTD   December 2010   December 2009
$ millions (unaudited) Sales Redemptions Net New Money *   Net New Money *
Long Term 5,052.7 4,697.0 355.7   394.2
Money Market 694.9 797.2 (102.3 ) 10.0
Total 5,747.6 5,494.2 253.4   404.2
* Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by The Investment Funds Institute of Canada (IFIC).

For additional information about Investors Group's average assets under management, please see the IGM Financial press release which will be available on January 5, 2011. Additional information about Investors Group's mutual fund assets and fund flows will be available on the Investment Funds Institute of Canada (IFIC) web site ( 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 approximately 4,700 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 $130 billion in total assets under management.

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