Investors Group Reports October 2008 Mutual Fund Assets Under Management And Sales
Winnipeg – November 3, 2008: Investors Group today reported preliminary mutual fund assets under management and sales for the month ending October 31, 2008 as follows:
Mutual fund assets under management were $50.3-billion at October 31, 2008 compared to $61.8-billion at October 31, 2007.
| Mutual Fund Sales - Month | October 2008 | October 2007 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 339.1 | 320.6 | 18.5 | 100.7 |
| Money Market | 124.0 | 102.7 | 21.3 | 35.1 |
| Total | 463.1 | 423.3 | 39.8 | 135.8 |
| Mutual Fund Sales - YTD | October 2008 | October 2007 | ||
|---|---|---|---|---|
| $ millions (unaudited) | Sales | Redemptions | Net New Money* | Net New Money* |
| Long Term | 4,017.4 | 3,745.6 | 271.8 | 1,541.4 |
| Money Market | 1,154.8 | 821.9 | 332.9 | 366.6 |
| Total | 5,172.2 | 4,567.5 | 604.7 | 1,908.0 |
* 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 approximately 4,400 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 $107 billion in total assets under management.
| Media Contact: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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