Investors Group today reported preliminary mutual fund assets under management and sales for the month ending May 31, 2007 as follows:
Mutual fund assets under management were $61.9-billion at May 31, 2007 compared to $60.7-billion at April 30, 2007 and $52.1-billion at May 31, 2006.
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Mutual Fund Sales - Month May 2007 May 2006
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 527.0 382.2 144.8 67.7
Money Market 88.5 64.9 23.6 25.6
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Total 615.5 447.1 168.4 93.3
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Mutual Fund Sales - YTD May 2007 May 2006
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Net New Net New
$ millions (unaudited) Sales Redemptions Money(i) Money(i)
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Long Term 2,965.8 1,890.2 1,075.6 691.2
Money Market 470.3 290.7 179.6 132.1
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Total 3,436.1 2,180.9 1,255.2 823.3
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(i) 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 4,000 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 $126 billion in total assets under management.
Contacts:
Media Contact:
Investors Group
Ron Arnst
(204) 956-3364
Email: ron.arnst@investorsgroup.com
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