Altamira

Press Release

Altamira reports June net sales

TORONTO (July 4, 2005) Altamira Investment Services today announced net sales of $260.4 million for the month of June 2005.  

Please refer to the following chart for a breakdown of Altamira's net sales for the month of June 2005 and current assets under management.

Altamira June Net Sales

MUTUAL FUNDS

Money-market (short-term) funds

Long-term funds

MUTUAL FUNDS NET SALES

-$9.4 million

-$33.5 million

-$42.9 million

OTHER INVESTMENT SOLUTIONS

Altamira High-Interest Cash Perfomer

Other non-mutual fund products (GICs)

NON-MUTUAL FUND NET SALES

TOTAL NET SALES

 

$302.2 million

$1.1 million

$303.3 million

$260.4 million

 

_______________________________

 

ALTAMIRA Assets Under Management (June 30, 2005)

 

Mutual Funds

$3.7 billion

Other Investment Solutions

Altamira High-Interest CashPerformer

GICs

 

$1.3 billion

$37 million

 

Total Assets Under Management

$5.0 billion

Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, managed portfolios and financial planning services. Award-winning client service, product innovation and expert advice define Altamira's distinctive approach to investment management. The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada.  www.altamira.com

-30-

Media Contact:
Glenn Cooper
Director of Communications
(416) 507-7044
gcooper@altamira.com