Investors Group Announces April 2005 Mutual Fund Sales
Winnipeg, MB – May 2, 2005: Investors Group today announced mutual fund sales of $370.7-million, redemptions of $412.3-million and net redemptions of $41.6-million for the month of April 2005. For the four months ended April 30, 2005, the Company had mutual fund sales of $2.023-billion, redemptions of $1.636-billion and net sales of $386.8-million.
Gross sales, redemptions and net redemptions of long-term funds for the month of April 2005 were $297.3-million, $349.7-million and $52.4-million. Gross sales, redemptions and net sales of long-term funds for the four months ended April 30, 2005 were $1.724-billion, $1.408-billion and $316.0-million, respectively.
Gross sales were $330.2-million, redemptions were $388.7-million and net redemptions were $58.5-million in April 2004. Net redemptions of long-term funds were $52.5-million. For the four months ended April 30, 2004 , gross sales were $1.891-billion, redemptions were $1.563-billion and net sales were $327.6-million. Net sales of long-term funds were $282.2-million.
Mutual fund assets under management were $45.4-billion at April 30, 2005 compared to $45.5-billion at March 31, 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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