Investors Group

Investors Group

April 01, 2009 17:52 ET

Investors Group Reports March 2009 Mutual Fund Sales and Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - April 1, 2009) - Investors Group today reported preliminary mutual fund sales and assets under management for the month ending March 31, 2009. Mutual fund assets under management were $46.6-billion at March 31, 2009 compared with $58.6-billion at March 31, 2008 and $47.5-billion at December 31, 2008.



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Mutual Fund Sales - Month March 2009 March 2008
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 341.0 306.4 34.6 49.4
Money Market 116.1 91.8 24.3 37.5
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Total 457.1 398.2 58.9 86.9
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Mutual Fund Sales - YTD March 2009 March 2008
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 1,084.3 865.5 218.8 352.7
Money Market 342.5 251.9 90.6 157.6
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Total 1,426.8 1,117.4 309.4 510.3
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(i) 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 April 1, 2009. 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 (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 approximately 4,500 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 $98 billion in total assets under management.

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