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IGM Financial Inc. Announces July 2016 Mutual Fund Sales and Total Assets Under Management


/EINPresswire.com/ -- WINNIPEG, MANITOBA -- (Marketwired) -- 08/03/16 -- IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary total mutual fund net new money in July of ($76.3) million as shown in Table 1. Total assets under management were $138.5 billion at July 31, 2016, compared with $134.7 billion at June 30, 2016 and $137.9 billion at July 31, 2015. Mutual fund assets under management were $132.3 billion as at July 31, 2016, compared with $128.7 billion at June 30, 2016 and $131.6 billion at July 31, 2015. Assets under management are shown in Table 2.


Table 1 - Mutual Funds Net New
 Money(i)
Month ended July 31, 2016        Investors                              IGM
($ millions) (unaudited)             Group  Mackenzie     Counsel Financial
                                --------------------------------------------
All Mutual Funds
  Gross Sales                       $559.2     $474.9       $65.6  $1,099.7
  Net New Money                     ($24.7)    ($69.3)      $17.7    ($76.3)
Long Term Mutual Funds
  Gross Sales                       $467.8     $439.9       $62.7    $970.4
  Net New Money                     ($51.8)    ($72.1)      $17.3   ($106.6)

(i)Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the terminology used by The Investment Funds Institute of Canada (IFIC).


Table 2 - Assets
 under Management
($ billions)             July       June       July     % Change  % Change
 (unaudited)             2016       2016       2015    Last Month    YOY
                     -------------------------------------------------------

Total Assets under
 Management(1)           $138.54    $134.68    $137.87        2.9       0.5

Mutual Fund Assets
 under Management        $132.33    $128.73    $131.61        2.8       0.5

  Investors Group
    Mutual Funds          $78.24     $76.20     $77.03        2.7       1.6
  Mackenzie
    Mutual Funds          $49.66     $48.21     $50.48        3.0      (1.6)
    Sub-advisory,
     institutional
     and other(2)         $13.93     $13.46     $13.27        3.5       5.0
                     -------------------------------------------------------
    Total Mackenzie       $63.59     $61.67     $63.75        3.1      (0.3)
                     -------------------------------------------------------
  Counsel
    Mutual Funds           $4.44      $4.32      $4.16        2.8       6.7

(1) Excludes assets managed by Mackenzie on behalf of Investors Group and
    Investment Planning Counsel. These assets had a value of $7.7 billion at
    July 31, 2016 ($7.5 billion at June 30, 2016 and $7.1 billion at July
    31, 2015).
(2) Includes $45.5 million of Exchange Traded Fund assets managed by
    Mackenzie.

Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 3.


Table 3 - Average Assets under Management (3)
($ billions) (unaudited)                                     Quarter to Date
                                                             ---------------

Total Average Assets under Management (4)                        $137.03

Mutual Fund Average Assets under Management                      $130.95

  Investors Group
    Mutual Funds                                                  $77.46
  Mackenzie
    Mutual Funds                                                  $49.11
    Sub-advisory, institutional and other                         $13.70
                                                             ---------------
    Total Mackenzie                                               $62.81
                                                             ---------------
  Counsel
    Mutual Funds                                                  $4.38

(3) Based on daily average mutual fund assets and month-end average
    institutional, sub-advisory and other assets.
(4) Excludes average assets of $7.6 billion managed by Mackenzie on behalf
    of Investors Group and Investment Planning Counsel.

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 $138 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 5,300 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.

A MEMBER OF THE POWER FINANCIAL CORPORATION GROUP OF COMPANIES.

Contacts:
Media Relations:
Ron Arnst
204-956-3364
ron.arnst@igmfinancial.com

Investor Relations:
Paul Hancock
204-956-8103
investor.relations@igmfinancial.com