Market Overview

IGM Financial Inc. Announces August 2015 Mutual Fund Sales and Total Assets Under Management

Share:

WINNIPEG, MANITOBA--(Marketwired - Sept. 2, 2015) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in August of ($61.4) million as shown in Table 1. Total assets under management were $133.4 billion at August 31, 2015, compared with $137.9 billion at July 31, 2015 and $144.0 billion at August 31, 2014. Mutual fund assets under management were $127.2 billion as at August 31, 2015, compared with $131.6 billion at July 31, 2015 and $127.4 billion at August 31, 2014. Assets under management are shown in Table 2.



Table 1 - Mutual Funds Net New Money(i)
Month ended August 31, 2015
($ millions) (unaudited)
Investors IGM
Group Mackenzie Counsel Financial1
----------------------------------------------------
----------------------------------------------------
All Mutual Funds
Gross Sales $ 559.7 $ 474.1 $ 59.1 $ 1,089.9
Net New Money $ 19.8 ($ 95.0) $ 15.1 ($ 61.4)
Long Term Mutual Funds
Gross Sales $ 471.5 $ 451.8 $ 53.4 $ 973.7
Net New Money ($ 16.4) ($ 94.0) $ 10.9 ($ 101.0)



(i)Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the terminology used by The Investment Funds Institute of Canada (IFIC).



(1) Total Mutual Fund Gross Sales and Net New Money for the month ended
August 31, 2015 excluded $3.0 million and $1.4 million respectively in
accounts invested in Mackenzie Financial Corporation funds held by
Investment Planning Counsel.

Table 2 - Assets under % Change
Management August July August Last % Change
($ billions) (unaudited) 2015 2015 2014 Month YOY
--------------------------------------------------
--------------------------------------------------

Total Assets under
Management(2) $ 133.36 $ 137.87 $ 143.96 (3.3) (7.4)

Mutual Fund Assets under
Management $ 127.19 $ 131.61 $ 127.41 (3.4) (0.2)

Investors Group
Mutual Funds $ 74.67 $ 77.03 $ 73.78 (3.1) 1.2
Mackenzie
Mutual Funds $ 48.53 $ 50.48 $ 49.85 (3.9) (2.6)
Sub-advisory,
institutional and
other $ 12.82 $ 13.27 $ 22.30 (3.4) (42.5)
--------------------------------------------------
Total Mackenzie $ 61.35 $ 63.75 $ 72.15 (3.8) (15.0)
--------------------------------------------------
Counsel
Mutual Funds $ 4.04 $ 4.16 $ 3.83 (2.9) 5.5


(2) Excludes assets managed by Mackenzie on behalf of Investors Group and
Investment Planning Counsel. These assets have a value of $6.7 billion
at August 31, 2015 ($7.1 billion at July 31, 2015 and $5.8 billion at
August 31, 2014).



Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 3.



Table 3 - Average Assets under Management3
Quarter to
($ billions) (unaudited) Date
----------
----------

Total Average Assets under Management4 $ 136.22

Mutual Fund Average Assets under Management $ 129.98

Investors Group
Mutual Funds $ 76.11
Mackenzie
Mutual Funds $ 49.82
Sub-advisory, institutional and other $ 13.09
----------
Total Mackenzie $ 62.91
----------
Counsel
Mutual Funds $ 4.11

(3) Based on daily average mutual fund assets and month-end average
institutional, sub-advisory and other assets.
(4) Excludes average assets of $6.9 billion managed by Mackenzie on behalf
of Investors Group and Investment Planning Counsel.



IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $133 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 5,100 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

FOR FURTHER INFORMATION PLEASE CONTACT:
Ron Arnst
Media Relations
(204) 956-3364
ron.arnst@igmfinancial.com

View Comments and Join the Discussion!