Investors Group

Investors Group

March 01, 2007 17:48 ET

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

WINNIPEG, MANITOBA--(CCNMatthews - March 1, 2007) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending February 28, 2007 as follows:



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Mutual Fund Sales
- Month February 2007 February 2006
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$ millions (unaudited) Sales Redemptions Net New Money(i) Net New Money(i)
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Long Term 830.3 362.1 468.2 362.5

Money Market 100.8 44.0 56.8 43.3
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Total 931.1 406.1 525.0 405.8
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Mutual Fund Sales
- YTD February 2007 February 2006
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$ millions (unaudited) Sales Redemptions Net New Money(i) Net New Money(i)
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Long Term 1,369.8 769.7 600.1 427.4

Money Market 188.5 98.4 90.1 66.5
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Total 1,558.3 868.1 690.2 493.9
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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 now
used by The Investment Funds Institute of Canada (IFIC).


Mutual fund assets under management were $59.2-billion at February 28, 2007 compared to $58.9-billion at January 31, 2007.

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 3,900 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 $121 billion in total assets under management.

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