Investors Group reports June 2006 mutual fund sales
Winnipeg – July 4, 2006: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending June 30, 2006 as follows:
| Mutual Fund Sales - Month | June 2006 | June 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 383.8 | 347.9 | 35.9 | (8.7) |
| Money Market | 86.4 | 62.7 | 23.7 | 10.2 |
| Total | 470.2 | 410.6 | 59.6 | 1.5 |
| Mutual Fund Sales - YTD | June 2006 | June 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 2,958.3 | 2,231.3 | 727.0 | 351.5 |
| Money Market | 489.8 | 334.0 | 155.8 | 116.8 |
| Total | 3,448.1 | 2,565.3 | 882.8 | 468.3 |
Mutual fund assets under management were $51.8-billion at June 30, 2006 compared to $52.1-billion at May 31, 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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