IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

September 02, 2009 14:17 ET

IGM Financial Inc. Announces August 2009 Mutual Fund Sales and Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - Sept. 2, 2009) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in August of ($99.7) million as shown in Table 1. Total assets under management were $114.7 billion at August 31, 2009, up from $101.7 billion at December 31, 2008 and compared to $118.2 billion at August 31, 2008. Mutual fund assets under management were $95.8 billion as at August 31, 2009, up from $85.0 billion at December 31, 2008 and compared to $104.7 billion at August 31, 2008. Assets under management are shown in Table 2.



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Table 1 - Mutual Funds Net August 2009
New Money(i) -------------------------------------------------
(millions) (unaudited) Investors Counsel Group IGM
Group Mackenzie of Funds Financial
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All Mutual Funds
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Gross Sales $369.1 $289.6 $21.2 $679.9
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Net New Money(i) $20.3 ($125.9) $5.9(1) ($99.7)(1)
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Long Term Mutual Funds
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Gross Sales $304.6 $245.8 $19.1 $569.5
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Net New Money(i) $29.7 ($95.3) $5.7(1) ($59.9)(1)
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(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).

(1) includes $6.7 million in net new money of Counsel Group of Funds mutual
funds invested in other managers' funds.

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Table 2 - Assets under Management August 31, August 31, % Change
(billions) (unaudited) 2009 2008 YOY
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Mutual Funds
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Investors Group $55.12 $58.99 (6.6)
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Mackenzie $38.71 $43.58 (11.2)
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Counsel Group of Funds $1.96(2) $2.11(2) (7.1)
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Mutual Fund Assets under Management $95.79 $104.68 (8.5)
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Private, institutional, sub-advised
and other - Mackenzie $18.86(3) $13.56(3) 39.1
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Total Assets under Management $114.65 $118.24 (3.0)
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(2) includes $233 million (2008 - $489 million) of Counsel mutual fund
assets invested in other managers' funds.

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

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Table 3 - Average Assets under Management(4)
(billions)(unaudited) Quarter to Date
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Mutual Funds
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Investors Group $53.41
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Mackenzie $37.67
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Counsel Group of Funds $1.88
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Average Mutual Funds Assets under Management $92.96
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Private, institutional, sub-advised and other - Mackenzie $18.42(3)
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Total Average Assets under Management $111.38
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(3) excludes assets managed by Mackenzie and Investment Planning Counsel on
behalf of Investors Group.
(4) based on daily average mutual fund assets and month-end average private,
institutional, sub-advisory and other assets.


For more information on mutual fund activity, please refer to press releases issued by Investors Group Inc., Mackenzie Investments and Investment Planning Counsel Inc.

Additional information about mutual fund assets and fund flows will be available on the Investment Funds Institute of Canada (IFIC) web site (www.ific.ca) on approximately the 15th of each month as part of a Canadian industry-wide release of monthly statistics.

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 $114 billion in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

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