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Investors Group Reports November 2009 Mutual Fund Sales and Assets Under Management

by admin on Dec.16, 2009, under Uncategorized

Investors Group Reports November 2009 Mutual Fund Sales and Assets Under Management

Market Wire, December, 2009

Investors Group today reported preliminary mutual fund sales and assets under management for the month ending November 30, 2009. Mutual fund assets under management were $56.5-billion at November 30, 2009 compared with $48.2-billion at November 30, 2008 and $47.5-billion at December 31, 2008.


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Mutual Fund Sales -
 Month                            November  2009             November 2008
---------------------------------------------------------------------------
$ millions                Sales   Redemptions Net New Money  Net New Money
 (unaudited)                                             (i)            (i)
---------------------------------------------------------------------------

Long Term                 419.3         325.5          93.8           61.8

Money Market               54.1          63.2          (9.1)          15.7
                      -----------------------------------------------------

Total                     473.4         388.7          84.7           77.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Mutual Fund Sales -
 YTD                              November  2009             November 2008
---------------------------------------------------------------------------
$ millions                Sales   Redemptions Net New Money  Net New Money
 (unaudited)                                             (i)            (i)
---------------------------------------------------------------------------

Long Term               3,700.5       3,335.3         365.2          333.6

Money Market              872.7         873.4          (0.7)         348.6
                      -----------------------------------------------------

Total                   4,573.2       4,208.7         364.5          682.2
---------------------------------------------------------------------------
(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 December 2, 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
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