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Press release from Marketwire

IGM Financial Inc. Announces July 2011 Total Assets Under Management

Wednesday, August 03, 2011

IGM Financial Inc. Announces July 2011 Total Assets Under Management18:38 EDT Wednesday, August 03, 2011WINNIPEG, MANITOBA--(Marketwire - Aug. 3, 2011) - IGM Financial Inc. (IGM) (TSX:IGM) today reported total assets under management of $128.1-billion at July 31, 2011, compared with $130.2-billion at June 30, 2011 and $119.0-billion at July 31, 2010. Mutual fund assets under management were $106.7-billion as at July 31, 2011, compared with $108.6-billion at June 30, 2011 and $99.4-billion at July 31, 2010. Assets under management are shown in Table 1.Table 1 - Assets under Management($ billions) (unaudited)% Change% ChangeJuly 2011June 2011July 2010Last MonthYOYTotal Assets under Management 1$128.12$130.16$119.00(1.6)7.7Mutual Fund Assets under Management$106.73$108.61$99.42(1.7)7.4Investors GroupMutual Funds$60.87$62.16$57.26(2.1)6.3MackenzieMutual Funds$43.03$43.60$39.90(1.3)7.8Sub-advisory, institutional and other accounts$25.00$25.21$22.50(0.8)11.1Total$68.03$68.81$62.40(1.1)9.0CounselMutual Funds$2.83$2.85$2.26(0.7)25.2Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.Table 2 - Average Assets under Management($ billions) (unaudited)Quarter to DateTotal Average Assets under Management 2,3$129.79Mutual Fund Average Assets under Management$108.31Investors GroupMutual Funds$61.86MackenzieMutual Funds$43.60Sub-advisory, institutional and other accounts$25.10Total$68.70CounselMutual Funds$2.851excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $3.6-billion at July 31, 2011 ($3.7-billion at June 30, 2011 and $2.9-billion at July 31, 2010).2excludes average assets of $3.6-billion managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.3based 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 $128 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.FOR FURTHER INFORMATION PLEASE CONTACT: Ron ArnstIGM Financial Inc.Media Relations(204) 956-3364ron.arnst@igmfinancial.com