Investors Group Launches Two New Mutual Funds

WINNIPEG, MANITOBA--Investors Group Inc., Canada's leading 
financial services organization, today announced at its sales 
convention in Calgary that it is adding Investors Global Science &
Technology Fund and Investors Canadian Balanced Fund to their 
Investors Master Series of proprietary funds.  The new mutual 
funds, for which preliminary documents have been filed with 
Canadian securities commissions, are expected to be available in 
early fall. 

Scott Penman, Managing Partner, I.G. Investment Management Ltd. 
said today to convention attendees that the new funds will add 
more diversity to Investors Group's complete and exclusive family 
of mutual funds so that Representatives can focus on creating 
balanced portfolios for their clients.   

The new Investors Global Science & Technology Fund will be one of 
only a few funds in Canada with an exclusive focus on both the 
health sciences and technology sectors.  I.G. Investment 
Management Ltd. currently manages $2.2 billion in high-tech, 
health sciences and other related assets.  Penman explained: 
"Combining these specialty sectors into one fund means greater 
market opportunities and more diversification." 

The Investors Canadian Balanced Fund will provide both income and 
capital appreciation through investments in equities as well as 
income-generating securities such as government and corporate 
debt, and money market instruments.  The asset mix of the fund, 
that is the portion of assets held in equities and income 
generating securities, will be actively managed over time. 

The Investors Global Science & Technology and Investors Canadian 
Balanced Funds will be managed under I.G. Investment Management's 
long-term philosophy of offering its clients superior returns and 
below-average risks.  These mutual funds will be sold by way of 
prospectus only and will be available in early fall through 
Investors Group's 3,700 Representatives across the country. 

Investors Group is a national leader in providing personal 
financial planning services to almost one million Canadians.  In 
addition to a unique family of mutual funds and other investment 
vehicles, Investors Group offers a wide range of mortgage and 
insurance options.  Investors Group has over 3,700 Representatives
in 100 Financial Planning Centres across Canada and manages assets
of $38 billion.  

Note: Fact Sheet attached 

INVESTORS GROUP INC. 

FACT SHEET 

Investors Global Science & Technology Fund 

Investment Objective: To provide long-term capital growth through 
investing primarily in companies around the world engaged in the 
development or use of science and technology.  

RRSP-eligible:  For foreign content purposes. 

Investment Strategy: The Fund will invest in common shares of 
companies in industries where scientific and technological 
innovation is a leading factor. These industries include computer 
manufacturing, computer services, telecommunications, 
semiconductors, computer networking, agricultural science, 
biotechnology, drug manufacturing, wireless communications and 
electronic commerce. 

Management:  Portfolio Management Team:  Geoff Barth, Paul 
Hancock, Allan Brown. 

Investors Canadian Balanced Fund 

Investment Objective: To achieve a high level of total return 
(income and capital appreciation) by investing in Canadian equity 
and income-generating securities. 

RRSP-eligible: 100 percent 

Investment Strategy: The Fund will invest primarily in fixed 
income, equity and money market investments issued by both 
corporations and governments. It may include common or preferred 
shares, bonds and money market securities. The Fund will vary the 
proportion of assets in different classes of securities depending 
on such factors as market conditions, economic outlook and 
interest rates. The purpose of the asset mix will be to rebalance 
the portfolio as necessary to achieve optimal results. 

Management: Portfolio Manager:  Alan Brownridge, Managing Partner,
IG Investment Management Ltd.  

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Investors Group Inc.
MEDIA CONTACTS:
Allan Hiebert
(204) 956-8535
e-mail: ahiebert@investorsgroup.com
or
Argyle Communications Inc.
Sarah Hobbs
(416) 968-7311
e-mail: shobbs@argylecomm.com

News release provided courtesy of Canadian Corporate News.

Click here to return to the What's New page.