TORONTO, ONTARIO -- (Marketwire) -- 07/02/09 -- Counsel Group of Funds Inc., a division of Investment Planning Counsel, Inc., today reported preliminary mutual fund sales and assets under management for the month ending June 30, 2009. Mutual fund assets under management were $1.84 billion at June 30, 2009 compared with $2.14 billion at June 30, 2008 and $1.74 billion at December 31, 2008.

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Mutual Fund Sales - Month                June 2009                June 2008
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$ millions (unaudited)                                Net New       Net New
                               Sales   Redemptions   Money (i)     Money (i)
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Long Term                       23.0          15.3        7.7          (9.1)

Money Market                     4.9           3.3        1.6          (0.4)
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Total                           27.9          18.6        9.3          (9.5)
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Mutual Fund Sales - YTD                  June 2009                June 2008
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$ millions (unaudited)                                Net New       Net New
                               Sales   Redemptions   Money (i)     Money (i)
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Long Term                      109.0          99.8        9.2         (33.0)

Money Market                    26.7          15.7       11.0          11.2
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Total                          135.7         115.5       20.2         (21.8)
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(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 Counsel Group of Funds' average assets under management, please see the IGM Financial press release which will be available on July 3, 2009. Additional information about Counsel'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.

Investment Planning Counsel is an integrated wealth management company focused on providing Canadians with financial products, services and advice to help them achieve their financial dreams. Investment Planning Counsel has developed a strategy that marries the needs of the planners with that of the company. Investment Planning Counsel's intent is to be the premier choice among financial planners who are dedicated to serving the needs of their clients. Investment Planning Counsel is a member of the IGM Financial Inc. (TSX: IGM) group of companies.