Investors Group reports July 2006 mutual fund sales
Winnipeg – August 1, 2006: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending July 31, 2006 as follows:
| Mutual Fund Sales - Month | July 2006 | July 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 340.3 | 301.6 | 38.7 | 5.8 |
| Money Market | 81.6 | 52.0 | 29.6 | 17.2 |
| Total | 421.9 | 352.6 | 68.3 | 23.0 |
| Mutual Fund Sales - YTD | July 2006 | July 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 3,298.6 | 2,532.8 | 765.8 | 357.3 |
| Money Market | 571.4 | 386.1 | 185.3 | 134.0 |
| Total | 3,870.0 | 2,918.9 | 951.1 | 491.3 |
Mutual fund assets under management were $52.8-billion at July 31, 2006 compared to $51.8-billion at June 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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