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IGM Financial Inc. announces February 2019 investment fund sales and total assets under management

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WINNIPEG, March 4, 2019 /CNW/ - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total investment fund net new money in February of $347.7 million as shown in Table 1. Total assets under management were $157.6 billion at February 28, 2019, compared with $154.3 billion at January 31, 2019 and $156.4 billion at February 28, 2018. Investment fund assets under management were $151.6 billion at February 28, 2019, compared with $148.5 billion at January 31, 2019 and $149.7 billion at February 28, 2018. Assets under management are shown in Table 2.

IGM Financial Inc. (CNW Group/IGM Financial Inc.)

Table 1 - Net New Money
Month ended February 28, 2019


($millions) (unaudited)

IG Wealth
Management

Mackenzie

Investment
Planning
Counsel
3

Intercompany
Eliminations
1

IGM
Financial







Mutual Funds






Gross Sales

$875.5

$884.6

$105.9


$1,866.0

Net New Money

$137.1

$129.8

$31.1


$298.0







ETFs






Net New Money


$13.2



$13.2

Mutual Fund
Investment in ETF


 

$44.6 2


 

($8.1)

 

$36.5







Consolidated






Net New Money

$137.1

$187.6

$31.1

($8.1)

$347.7







1

Consolidated results eliminate double counting where business is reflected in multiple segments and excludes $8.1  million in net new money by IG Wealth

Management and IPC mutual fund investments in ETFs.

2

($44.6) million of net new money in ETFs by Mackenzie mutual funds.

3

Preliminary Counsel mutual funds net new money do not include sales/redemptions in the IPC Private Wealth program. IPC Private Wealth program flows

are included in figures presented in MD&A.


*Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the terminology used in the Management Discussion and Analysis (MD&A) issued by IGM Financial.

 

Table 2 - Assets under Management

($billions) (unaudited)

February
2019

January
2019

February
2018

% Change
Last Month

% Change
YOY







IGM Financial

Total Assets under Management4

$157.62

$154.33

$156.37

2.1

0.8







IGM Financial

Investment Funds

Assets under Management4

$151.61

$148.46

$149.72

2.1

1.3







IG Wealth Management






Mutual Funds

$87.98

$86.21

$87.50

2.1

0.5

Total IG Wealth Management

$87.98

$86.21

$87.50

2.1

0.5







Mackenzie






Mutual Funds

$56.55

$55.32

$55.76

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