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 March 2012 Total Assets Under Management

Tuesday, April 03, 2012

IGM Financial Inc. Announces March 2012 Total Assets Under Management16:32 EDT Tuesday, April 03, 2012WINNIPEG, MANITOBA--(Marketwire - April 3, 2012) - IGM Financial Inc. (IGM) (TSX: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 $111.7-billion at March 31, 2011. Assets under management are shown in Table 1.Table 1 - Assets under ManagementMarchFebruaryMarch% Change% Change($ billions) (unaudited)201220122011Last MonthYOYTotal Assets under Management1$124.14$124.46$134.08(0.3)(7.4)Mutual Fund Assets under Management$105.12$104.95$111.700.2(5.9)Investors GroupMutual Funds$60.63$60.50$64.050.2(5.3)MackenzieMutual Funds$41.54$41.49$44.820.1(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)CounselMutual Funds$2.96$2.96$2.83-4.6Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.Table 2 - Average Assets under Management($ billions) (unaudited)Quarter to DateTotal Average Assets under Management2,3$122.82Mutual Fund Average Assets under Management$103.59Investors GroupMutual Funds$59.76MackenzieMutual Funds$40.92Sub-advisory, institutional and other$22.91Total$63.83CounselMutual Funds$2.911excludes 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).2excludes average assets of $3.7-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 $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.FOR FURTHER INFORMATION PLEASE CONTACT: Ron ArnstIGM Financial Inc.Media Relations(204) 956-3364ron.arnst@igmfinancial.com