Investors Group Reports October 2009 Mutual Fund Sales and Assets Under Management
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WINNIPEG, MANITOBA, Nov 02 (MARKET WIRE) --
Investors Group today reported preliminary mutual fund sales and assets
under management for the month ending October 31, 2009. Mutual fund
assets under management were $55.3-billion at October 31, 2009 compared
with $50.3-billion at October 31, 2008 and $47.5-billion at December 31,
2008.
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Mutual Fund Sales -
Month October 2009 October 2008
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Net New Money Net New Money
$ millions (unaudited) Sales Redemptions (i) (i)
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Long Term 370.4 341.9 28.5 18.5
Money Market 63.5 62.6 0.9 21.3
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Total 433.9 404.5 29.4 39.8
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Mutual Fund Sales - YTD October 2009 October 2008
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Net New Money Net New Money
$ millions (unaudited) Sales Redemptions (i) (i)
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Long Term 3,281.1 3,009.7 271.4 271.8
Money Market 818.7 810.3 8.4 332.9
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Total 4,099.8 3,820.0 279.8 604.7
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(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).
For additional information about Investors Group's average assets
under management, please see the IGM Financial press release which will
be available on November 3, 2009. Additional information about Investors
Group's 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 4,600 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 billion in total
assets under management.
Contacts:
Investors Group
Ron Arnst
(204) 956-3364
ron.arnst@investorsgroup.com
Copyright 2009, Market Wire, All rights reserved.
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