Investors Group

Investors Group

July 02, 2008 17:42 ET

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

WINNIPEG, MANITOBA--(Marketwire - July 2, 2008) - Investors Group today reported preliminary mutual fund assets under management and sales for the month ending June 30, 2008 as follows:

Mutual fund assets under management were $59.0-billion at June 30, 2008 compared to $61.3-billion at June 30, 2007.



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Mutual Fund Sales - Month June 2008 June 2007
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Net New Net New
$ millions (unaudited) Sales Redemptions Money (1) Money (1)
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Long Term 385.0 363.7 21.3 112.5
Money Market 105.0 84.3 20.7 33.8
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Total 490.0 448.0 42.0 146.3
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Mutual Fund Sales - YTD June 2008 June 2007
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Net New Net New
$ millions (unaudited) Sales Redemptions Money (1) Money (1)
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Long Term 2,699.8 2,418.7 281.1 1,188.2
Money Market 710.3 487.6 222.7 213.3
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Total 3,410.1 2,906.3 503.8 1,401.5
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(1) Net New Money 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 $119 billion in total assets under management.

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