Investors Group reports April 2007 mutual fund assets under management and sales
Winnipeg – May 1, 2007: Investors Group today reported preliminary mutual fund assets under management and sales for the month ending April 30, 2007 as follows:
Mutual fund assets under management were $60.7-billion at April 30, 2007 compared to $60.2-billion at March 31, 2007 and $53.5-billion at April 30, 2006.
| Mutual Fund Sales - Month | April 2007 | April 2006 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 457.4 | 382.0 | 75.4 | 2.3 |
| Money Market | 83.4 | 73.1 | 10.3 | 9.6 |
| Total | 540.8 | 455.1 | 85.7 | 11.9 |
| Mutual Fund Sales - YTD | April 2007 | April 2006 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 2,438.8 | 1,507.9 | 930.9 | 623.4 |
| Money Market | 381.7 | 225.8 | 155.9 | 106.6 |
| Total | 2,820.5 | 1,733.7 | 1,086.8 | 730.0 |
* 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 over 4000 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 $124 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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