Investors Group Inc. 2003 Annual Report
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Mackenzie
Review of Segment Operating Results

INTRODUCTION

Mackenzie’s earnings from operations before interest and taxes for the year ended December 31, 2003 compared with 2002 are presented in Table 6.
Review of the Business
- Introduction
- Asset Management Operations
- Product Development, Service and Positioning
- Dealer, Trust and Administration Services
- Assets Under Management and Administration
Review of Segment Operating Results
- Introduction
- Fee Income
- Operating Expenses