Winnipeg, MB - February 3, 2004: Investors Group today announced mutual fund sales of $391.9-million, redemptions of $372.7-million and net sales of $19.2-million for the month of January 2004. Net redemptions of long-term funds were $2.2-million for the month.
These results compare to gross sales of $355.9-million, redemptions of $418.1-million and net redemptions of $62.2-million in January 2003. Net redemptions of long-term funds were $67.1 million in January 2003.
Mutual fund assets under management were $42.0-billion at January 31, 2004, compared to $40.9-billion at December 31, 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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