WINNIPEG, MANITOBA -- (Marketwire) -- 11/01/10 -- Investors Group today reported preliminary mutual fund sales and assets under management for the month ending October 31, 2010. Mutual fund assets under management were $59.8-billion at October 31, 2010 compared with $55.3-billion at October 31, 2009 and $57.7-billion at December 31, 2009.
----------------------------------------------------------------------------
Mutual Fund Sales -
Month October 2010 October 2009
----------------------------------------------------------------------------
Net New Net New
$ millions (unaudited) Sales Redemptions Money (i) Money (i)
----------------------------------------------------------------------------
Long Term 362.1 379.1 (17.0) 28.5
Money Market 58.2 60.7 (2.5) 0.9
------------------------------------------------------
Total 420.3 439.8 (19.5) 29.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mutual Fund Sales -
YTD October 2010 October 2009
----------------------------------------------------------------------------
Net New Net New
$ millions (unaudited) Sales Redemptions Money (i) Money (i)
----------------------------------------------------------------------------
Long Term 4,202.9 3,842.3 360.6 271.4
Money Market 578.3 667.0 (88.7) 8.4
------------------------------------------------------
Total 4,781.2 4,509.3 271.9 279.8
----------------------------------------------------------------------------
(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).
For additional information about Investors Group's average assets under management, please see the IGM Financial press release which will be available on November 2, 2010. 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 over 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 over $124 billion in total assets under management.
Contacts:
Media Contact:
Investors Group
Ron Arnst
(204) 956-3364
ron.arnst@investorsgroup.com
