Investors Group reports August 2006 mutual fund sales
Winnipeg – September 1, 2006: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending August 31, 2006 as follows:
| Mutual Fund Sales - Month | August 2006 | August 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 345.6 | 334.2 | 11.4 | (2.3) |
| Money Market | 87.7 | 55.5 | 32.2 | 19.2 |
| Total | 433.3 | 389.7 | 43.6 | 16.9 |
| Mutual Fund Sales - YTD | August 2006 | August 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net Sales | Net Sales |
| Long Term | 3,644.3 | 2,867.0 | 777.3 | 355.0 |
| Money Market | 659.1 | 441.6 | 217.5 | 153.2 |
| Total | 4,303.4 | 3,308.6 | 994.8 | 508.2 |
Mutual fund assets under management were $53.8-billion at August 31, 2006 compared to $52.8-billion at July 31, 2006.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 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 $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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