Winnipeg, MB - January 5, 2004: Investors Group today announced mutual fund sales of $341.4-million, redemptions of $360.3-million and net redemptions of $18.9-million for the month of December 2003. Net redemptions of long-term funds were $43.2-million for the month.
These results compare to sales of $302.4-million, redemptions of $441.7-million and net redemptions of $139.3-million in December 2002. Net redemptions of long-term funds were $124.1 million in December 2002.
Mutual fund assets under management were $40.9-billion at December 31, 2003, compared to $39.6-billion at November 30, 2003.
Investors Group is a national leader in delivering personalized financial solutions to more than one million Canadians, through a network of close to 3,200 Consultants located in 100 Financial Planning Centres. In addition to an exclusive family of mutual funds, managed asset and other investment vehicles, Investors Group offers a wide range of mortgage, insurance, brokerage and banking services. Investors Group is a member of the Power Financial Corporation group of companies.
Media contacts:
Ron Arnst
Investors Group
(204) 956-3364
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