IGM Financial Inc. Announces March 2012 Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - April 3, 2012) - IGM Financial Inc. (IGM) IGM today reported total assets under management of $124.1-billion at March 31, 2012, compared with $124.5-billion at February 29, 2012 and $134.1-billion at March 31, 2011. Mutual fund assets under management were $105.1-billion as at March 31, 2012, compared with $105.0-billion at February 29, 2012 and $111.7-billion at March 31, 2011. Assets under management are shown in Table 1.

Table 1 - Assets under                                                      
 Management                  March   February    March   % Change  % Change 
($ billions) (unaudited)      2012       2012     2011 Last Month       YOY 
                         ---------------------------------------------------
                         ---------------------------------------------------
                                                                            
Total Assets under                                                          
 Management(1)            $ 124.14 $   124.46 $ 134.08       (0.3)     (7.4)
                         ---------------------------------------------------
                                                                            
Mutual Fund Assets under                                                    
 Management               $ 105.12 $   104.95 $ 111.70        0.2      (5.9)
                         ---------------------------------------------------
                                                                            
 Investors Group                                                            
  Mutual Funds            $  60.63 $    60.50 $  64.05        0.2      (5.3)
                         ---------------------------------------------------
 Mackenzie                                                                  
  Mutual Funds            $  41.54 $    41.49 $  44.82        0.1      (7.3)
  Sub-advisory,                                                             
   institutional and                                                        
   other                  $  22.83 $    23.31 $  25.86       (2.1)    (11.7)
                         ---------------------------------------------------
  Total                   $  64.37 $    64.80 $  70.68       (0.7)     (8.9)
                         ---------------------------------------------------
 Counsel                                                                    
  Mutual Funds            $   2.96 $     2.96 $   2.83          -       4.6 
                         ---------------------------------------------------

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                                   
($ billions) (unaudited)                                     Quarter to Date
                                                     -----------------------
                                                     -----------------------
                                                                            
Total Average Assets under Management(2,3)             $              122.82
                                                     -----------------------
                                                                            
Mutual Fund Average Assets under Management            $              103.59
                                                     -----------------------
                                                                            
 Investors Group                                                            
  Mutual Funds                                         $               59.76
                                                     -----------------------
 Mackenzie                                                                  
  Mutual Funds                                         $               40.92
  Sub-advisory, institutional and other                $               22.91
                                                     -----------------------
  Total                                                $               63.83
                                                     -----------------------
 Counsel                                                                    
  Mutual Funds                                         $                2.91
                                                     -----------------------
                                                                            
(1) excludes assets managed by Mackenzie on behalf of Investors Group and   
    Investment Planning Counsel. These assets have a value of $3.8-billion  
    at March 31, 2012 ($3.8-billion at February 29, 2012 and $3.5-billion at
    March 31, 2011).                                                        
(2) excludes average assets of $3.7-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 over $124 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of more than 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.