Investors Group reports December 2006 mutual fund sales and assets under management
Winnipeg – January 3, 2007: Investors Group today reported preliminary mutual fund sales and assets under management for the month ending December 31, 2006 as follows:
| Mutual Fund Sales - Month | December 2006 | December 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 389.9 | 329.5 | 60.4 | 24.9 |
| Money Market | 88.6 | 48.4 | 40.2 | 41.2 |
| Total | 478.5 | 377.9 | 100.6 | 66.1 |
| Mutual Fund Sales - YTD | December 2006 | December 2005 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 5,197.6 | 4,192.6 | 1,005.0 | 528.7 |
| Money Market | 992.5 | 652.1 | 340.4 | 249.1 |
| Total | 6,190.1 | 4,844.7 | 1,345.4 | 777.8 |
* Net New Money (referred to as Net Sales in prior periods) is defined as Sales less Redemptions and is consistent with the terminology now used by The Investment Funds Institute of Canada (IFIC).
Additional information about Investors Group mutual fund assets and fund flows will be available on the Investment Funds Institute of Canada (IFIC) web site (www.ific.ca) on approximately the 15th of each month as part of a Canadian industry-wide release of monthly statistics.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 3900 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 $119 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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