Investors Group Announces March 2005 Mutual Fund Sales
Winnipeg, MB – April 1, 2005: Investors Group today announced mutual fund sales of $539.2-million, redemptions of $423.3-million and net sales of $115.9-million for the month of March 2005. For the three months ended March 31, 2005, the Company had mutual fund sales of $1.652- billion, redemptions of $1.224-billion and net sales of $428.3-million.
Gross sales, redemptions and net sales of long-term funds for the month of March 2005 were $455.2-million, $363.1-million and $92.1-million. Gross sales, redemptions and net sales of long-term funds for the three months ended March 31, 2005 were $1.427-billion, $1.059-billion and $368.5-million, respectively.
Gross sales were $540.4-million, redemptions were $414.4-million and net sales were $126.0-million in March 2004. Net sales of long-term funds were $102.2-million. For the three months ended March 31, 2004, gross sales were $1.561-billion, redemptions were $1.175-billion and net sales were $386.1-million. Net sales of long-term funds were $334.6-million.
Mutual fund assets under management were $45.5-billion at March 31, 2005 compared to $45.8-billion at February 28, 2005.
Investors Group is a national leader in delivering personalized financial solutions to more than one million Canadians, through a network of approximately 3,500 Consultants located in over 100 Financial Planning Centres. In addition to an exclusive family of mutual funds, managed asset and other investment vehicles, Investors Group offers a wide range of mortgage, insurance, brokerage and banking services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies.
| For more information contact: | |
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| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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