Investors Group

Investors Group

March 03, 2008 16:25 ET

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

WINNIPEG, MANITOBA--(Marketwire - March 3, 2008) - Investors Group today reported preliminary mutual fund assets under management and sales for the month ending February 29, 2008 as follows:

Mutual fund assets under management were $58.3-billion at February 29, 2008 compared to $59.2-billion at February 28, 2007.



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Mutual Fund Sales - Month February 2008 February 2007
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Net New Net New
$ millions (unaudited) Sales Redemptions Money (i) Money (i)
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Long Term 699.3 389.6 309.7 468.2
Money Market 157.6 83.0 74.6 56.8
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Total 856.9 472.6 384.3 525.0
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Mutual Fund Sales - YTD February 2008 February 2007
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Net New Net New
$ millions (unaudited) Sales Redemptions Money (i) Money (i)
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Long Term 1,155.9 852.6 303.3 600.1
Money Market 277.3 157.2 120.1 90.1
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Total 1,433.2 1,009.8 423.4 690.2
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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 $118 billion in total assets under management.

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