WINNIPEG, MANITOBA -- (MARKET WIRE) -- 08/01/08 -- Investors Group today reported preliminary mutual fund assets under management and sales for the month ending July 31, 2008 as follows:Mutual fund assets under management were $58.1-billion at July 31, 2008 compared to $60.9-billion at July 31, 2007.
-------------------------------------------------------------------------Mutual Fund Sales - Month July 2008 July 2007-------------------------------------------------------------------------$ millions (unaudited) Sales Redemptions Net New Net New Money (i) Money (i)-------------------------------------------------------------------------Long Term 359.9 356.0 3.9 122.9Money Market 122.4 78.7 43.7 46.4 -----------------------------------------------Total 482.3 434.7 47.6 169.3--------------------------------------------------------------------------------------------------------------------------------------------------Mutual Fund Sales - YTD July 2008 July 2007-------------------------------------------------------------------------$ millions (unaudited) Sales Redemptions Net New Net New Money (i) Money (i)-------------------------------------------------------------------------Long Term 3,059.6 2,774.6 285.0 1,311.1Money Market 832.7 566.3 266.4 259.7 -----------------------------------------------Total 3,892.3 3,340.9 551.4 1,570.8-------------------------------------------------------------------------(i) Net New Money is defined as Sales less Redemptions and is consistent with the terminology 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 4,300 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 other financial 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 $116.8 billion in total assets under management.
Contacts:
Media Contact:
Investors Group
Ron Arnst
(204) 956-3364
Email: ron.arnst@investorsgroup.com
