Investors Group Announces July 2005 Mutual Fund Sales
Winnipeg, MB – August 2, 2005: Investors Group today reported preliminary mutual fund sales and mutual fund assets under management for the month ending July 31, 2005 as follows:
| Mutual Fund Sales - Month | July 2005 | July 2004 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 313.8 | 308.0 | 5.8 | (22.4) |
| Money Market | 68.4 | 51.2 | 17.2 | 21.9 |
| Total | 382.2 | 359.2 | 23.0 | (0.5) |
| Mutual Fund Sales - YTD | July 2005 | July 2004 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 2,753.7 | 2,396.4 | 357.3 | 87.1 |
| Money Market | 534.5 | 400.5 | 134.0 | 227.9 |
| Total | 3,288.2 | 2,796.9 | 491.3 | 315.0 |
Mutual fund assets under management were $48.3-billion at July 31, 2005 compared to $46.9-billion at June 30, 2005.
Investors Group is a national leader in delivering personalized financial solutions to close to 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: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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