The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

IGM Financial Inc. Announces June 2011 Total Assets Under Management

Tuesday, July 05, 2011

IGM Financial Inc. Announces June 2011 Total Assets Under Management11:40 EDT Tuesday, July 05, 2011WINNIPEG, MANITOBA--(Marketwire - July 5, 2011) - IGM Financial Inc. (IGM) (TSX:IGM) today reported total assets under management of $130.2-billion at June 30, 2011, compared with $133.5-billion at May 31, 2011 and $115.7-billion at June 30, 2010. Mutual fund assets under management were $108.6-billion as at June 30, 2011, compared with $111.3-billion at May 31, 2011 and $96.5-billion at June 30, 2010. Assets under management are shown in Table 1.Table 1 - Assets under Management% Change% Change($ billions) (unaudited)June 2011May 2011June 2010Last MonthYOYTotal Assets under Management 1$130.16$133.50$115.69(2.5)12.5Mutual Fund Assets under Management$108.61$111.26$96.51(2.4)12.5Investors GroupMutual Funds$62.16$63.63$55.47(2.3)12.1MackenzieMutual Funds$43.60$44.75$38.87(2.6)12.2Sub-advisory, institutional and other accounts$25.21$25.94$22.02(2.8)14.5Total$68.81$70.69$60.89(2.7)13.0CounselMutual Funds$2.85$2.88$2.17(1.0)31.3Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.Table 2 - Average Assets under Management($ billions) (unaudited)Quarter to DateTotal Assets under Management (2),(3)$132.03Mutual Fund Assets under Management$109.85Investors GroupMutual Funds$62.85MackenzieMutual Funds$44.17Sub-advisory, institutional and other accounts$25.76Total$69.93CounselMutual Funds$2.83(1)excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $3.6-billion at June 30, 2011 ($3.7-billion at May 31, 2011 and $2.8-billion at June 30, 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 $130 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