Investors Group reports October 2005 mutual fund sales
Winnipeg - November 1, 2005: Investors Group today reported preliminary mutual fund sales and mutual fund assets under management for the month ending October 31, 2005 as follows:
| Mutual Fund Sales - Month | October 2005 | October 2004 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 329.4 | 307.4 | 22.0 | (58.4) |
| Money Market | 75.9 | 48.5 | 27.4 | 9.7 |
| Total | 405.3 | 355.9 | 49.4 | (48.7) |
| Mutual Fund Sales - YTD | October 2005 | October 2004 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 3,766.0 | 3,383.1 | 382.9 | 87.8 |
| Money Market | 750.4 | 560.1 | 190.3 | 127.1 |
| Total | 4,516.4 | 3,943.2 | 573.2 | 214.9 |
Mutual fund assets under management were $47.8-billion at October 31, 2005 compared to $49.0-billion at September 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 |
|
