IGM Financial Inc. Announces January 2012 Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - Feb. 2, 2012) - IGM Financial Inc. (IGM) IGM today reported total assets under management of $122.0-billion at January 31, 2012, compared with $118.7-billion at December 31, 2011 and $130.9-billion at January 31, 2011. Mutual fund assets under management were $102.7-billion as at January 31, 2012, compared with $99.7-billion at December 31, 2011 and $109.2-billion at January 31, 2011. Assets under management are shown in Table 1.

Table 1 - Assets under                                                      
 Management                    January December January   % Change % Change 
($ billions) (unaudited)          2012     2011    2011 Last Month      YOY 
                               ---------------------------------------------
                               ---------------------------------------------
                                                                            
Total Assets under Management                                               
 (1)                           $121.98 $ 118.71 $130.91        2.8     (6.8)
                               ---------------------------------------------
Mutual Fund Assets under                                                    
 Management                    $102.65 $  99.69 $109.21        3.0     (6.0)
                               ---------------------------------------------
                                                                            
  Investors Group                                                           
    Mutual Funds               $ 59.33 $  57.74 $ 62.60        2.8     (5.2)
                               ---------------------------------------------
  Mackenzie                                                                 
    Mutual Funds               $ 40.43 $  39.14 $ 43.88        3.3     (7.9)
    Sub-advisory,                                                           
     institutional and other   $ 22.98 $  22.51 $ 25.06        2.1     (8.3)
                               ---------------------------------------------
    Total                      $ 63.41 $  61.65 $ 68.94        2.9     (8.0)
                               ---------------------------------------------
  Counsel                                                                   
    Mutual Funds               $  2.89 $   2.81 $  2.73        2.8      5.9 
                               ---------------------------------------------
                                                                            
                                                                            
Preliminary average mutual fund assets under management and average total   
 assets under management for the quarter to date are set out in Table 2.    
                                                                            
                                                                            
Table 2 - Average Assets under Management                                   
                                                                  Quarter to
($ billions) (unaudited)                                                Date
                                                               -------------
                                                               -------------
                                                                            
Total Average Assets under Management (2,3)                    $      120.91
                                                               -------------
Mutual Fund Average Assets under Management                    $      101.73
                                                               -------------
                                                                            
  Investors Group                                                           
    Mutual Funds                                               $       58.81
                                                               -------------
  Mackenzie                                                                 
    Mutual Funds                                               $       40.06
    Sub-advisory, institutional and other                      $       22.74
                                                               -------------
    Total                                                      $       62.80
                                                               -------------
  Counsel                                                                   
    Mutual Funds                                               $        2.86
                                                               -------------
                                                                            
(1)  excludes assets managed by Mackenzie on behalf of Investors Group and  
     Investment Planning Counsel. These assets have a value of $3.7-billion 
     at January 31, 2012 ($3.5-billion at December 31, 2011 and $3.4-billion
     at January 31, 2011).                                                  
(2)  excludes average assets of $3.6-billion managed by Mackenzie on behalf 
     of Investors Group and Investment Planning Counsel.                    
(3)  based on daily average mutual fund assets and month-end average        
     private, institutional, sub-advisory and other assets.                 

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 approximately $122 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 4,500 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