Investors Group reports February 2006 mutual fund sales
Winnipeg – March 1, 2006: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending February 28, 2006 as follows:
| Mutual Fund Sales - Month | February 2006 | February 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 710.5 | 348.0 | 362.5 | 274.1 |
| Money Market | 89.6 | 46.3 | 43.3 | 25.2 |
| Total | 800.1 | 394.3 | 405.8 | 299.3 |
| Mutual Fund Sales - YTD | February 2006 | February 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 1,181.4 | 754.0 | 427.4 | 276.4 |
| Money Market | 161.7 | 95.2 | 66.5 | 36.0 |
| Total | 1,343.1 | 849.2 | 493.9 | 312.4 |
Gross preliminary mutual fund sales totals for the February and year-to-date reporting periods are the highest numbers on record at Investors Group compared to previous February results.
Mutual fund assets under management were $52.3-billion at February 28, 2006 compared to $52.1-billion at January 31, 2006.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 3,600 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 banking 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 $107 billion in total assets under management.
| For more information contact: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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