Investors Group reports May 2006 mutual fund sales
Winnipeg – June 1, 2006: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending May 31, 2006 as follows:
| Mutual Fund Sales - Month | May 2006 | May 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 452.7 | 385.0 | 67.7 | 44.2 |
| Money Market | 93.9 | 68.3 | 25.6 | 35.9 |
| Total | 546.6 | 453.3 | 93.3 | 80.1 |
| Mutual Fund Sales - YTD | May 2006 | May 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 2,574.6 | 1,883.4 | 691.2 | 360.2 |
| Money Market | 403.3 | 271.2 | 132.1 | 106.7 |
| Total | 2,977.9 | 2,154.6 | 823.3 | 466.9 |
Mutual fund assets under management were $52.1-billion at May 31, 2006 compared to $53.5-billion at April 30, 2006.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 3800 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 $105 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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