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Press release from Marketwire

IGM Financial Inc. Announces May 2011 Total Assets Under Management

Thursday, June 02, 2011

IGM Financial Inc. Announces May 2011 Total Assets Under Management11:24 EDT Thursday, June 02, 2011WINNIPEG, MANITOBA--(Marketwire - June 2, 2011) - IGM Financial Inc. (IGM) (TSX:IGM) today reported total assets under management of $133.5-billion at May 31, 2011, compared with $134.1-billion at April 30, 2011 and $118.5-billion at May 31, 2010. Mutual fund assets under management were $111.3-billion as at May 31, 2011, compared with $111.6-billion at April 30, 2011 and $98.6-billion at May 31, 2010. Assets under management are shown in Table 1.Table 1 -Assets under Management($ billions) (unaudited)May 2011April 2011May 2010% Change Last Month% Change YOYTotal Assets under Management (1)$133.50$134.14$118.51(0.5)12.6Mutual Fund Assets under Management$111.26$111.61$98.64(0.3)12.8Investors GroupMutual Funds$63.63$63.72$56.81(0.1)12.0MackenzieMutual Funds$44.75$45.03$39.63(0.6)12.9Sub-advisory, institutional and other accounts$25.94$26.03$22.76(0.3)14.0Total$70.69$71.06$62.39(0.5)13.3CounselMutual Funds$2.88$2.86$2.200.730.9Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.Table 2 - Average Assets under Management($ billions) (unaudited)Quarter to DateTotal Assets under Management (2), (3)$133.22Mutual Fund Assets under Management$110.83Investors GroupMutual Funds$63.38MackenzieMutual Funds$44.61Sub-advisory, institutional and other accounts$25.94Total$70.55CounselMutual Funds$2.84(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 May 31, 2011 ($3.5-billion at April 30, 2011 and $2.9-billion at May 31, 2010).(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 over $133 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 4,600 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 ArnstIGM Financial Inc.Media Relations(204) 956-3364ron.arnst@igmfinancial.com