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Total assets under management for Winnipeg-based IGM tumbled 8 per cent to $118.7-billion from a year earlier.

Canadian asset manager IGM Financial Inc. posted a 7 per cent decline in assets under management at the end of March.

Total assets under management at March 31 were $124.1-billion, compared with $134.1-billion a year ago. Mutual funds assets under management were $105.1-billion at March 31, down from $111.7-billion from a year ago.

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