IGM Financial Inc.

IGM Financial Inc.

January 05, 2005 20:18 ET

IGM Financial Inc. Announces December 2004 Mutual Fund Assets And Sales


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IGM FINANCIAL INC.

TSX SYMBOL: IGI

JANUARY 5, 2005 - 20:18 ET

IGM Financial Inc. Announces December 2004 Mutual Fund Assets And Sales

WINNIPEG, MANITOBA--(CCNMatthews - Jan. 5, 2005) - IGM Financial Inc.
(IGM) (TSX:IGI) today reported total mutual fund assets under
management as at December 31ST, 2004 and net mutual fund
sales for the month of December. Total mutual fund assets under
management were $83.1-billion. Total net mutual fund sales were
$44.2-million including net redemptions at Investors Group of
$35.0-million, net sales at Mackenzie Financial of $59.7-million and net
sales at Investment Planning Counsel of $19.5-million.



IGM FINANCIAL INC.

---------------------------------------------------------------------
Mutual Fund Assets under Management (billions)
---------------------------------------------------------------------
December November December %Change %Change
2004 2004 2003 Month Annual
---------------------------------------------------------------------
IGM Financial Inc. $83.14(1) $80.75 $74.67 3.0 11.3
---------------------------------------------------------------------
Investors Group $44.51 $43.29 $40.90 2.8 8.8
---------------------------------------------------------------------
Mackenzie $37.13 $36.03 $33.77 3.1 9.9
---------------------------------------------------------------------
Investment Planning
Counsel $1.50(1) $ 1.43 N/A(2) 4.9 N/A(2)
---------------------------------------------------------------------


---------------------------------------------------------------------
December, 2004 December, 2003
---------------------------------------------------------------------
Net Sales (millions)
---------------------------------------------------------------------
All Funds Long Term All Funds Long Term
Funds Funds
---------------------------------------------------------------------
IGM Financial Inc. $44.2(3) ($38.2)(3) $43.0 ($21.3)
---------------------------------------------------------------------
Investors Group ($35.0) ($51.8) ($18.9) ($41.5)
---------------------------------------------------------------------
Mackenzie $59.7 ($5.6) $61.9 $20.2
---------------------------------------------------------------------
Investment Planning
Counsel $19.5(3) $19.2(3) N/A(2) N/A(2)
---------------------------------------------------------------------


1 includes $388.3-million in Investment Planning Counsel mutual fund
assets invested in other managers' mutual funds.

2 IGM Financial Inc. acquired Investment Planning Counsel on May 10, 2004

3 includes $0.82-million in net sales of Investment Planning Counsel
mutual funds invested in other managers' mutual funds.

Investors Group announced mutual fund sales of $355.3-million,
redemptions of $390.3-million and net redemptions of $35.1-million for
the month of December 2004. Gross sales, redemptions and net redemptions
of long-term funds for the month of December 2004 were $280.5-million,
$332.3-million and $51.8-million.

Mackenzie Financial Corporation announced mutual fund sales of
$610.0-million, redemptions of $550.3-million and net sales of
$59.7-million for the month. Gross sales, redemptions and net
redemptions of long-term funds for the month of December 2004 were
$439.5-million, $445.1-million and $5.6-million.

Investment Planning Counsel reported mutual fund sales of its asset
management division, Counsel Wealth Management, of $35.8-million,
redemptions of $16.3-million and net sales of $19.5-million for the
month of December 2004. Gross sales, redemptions and net sales of
long-term funds for the month of December were $34.6-million,
$15.4-million and $19.2-million.

For more information on mutual fund activity, please refer to individual
press releases for each reporting Company issued yesterday.

IGM Financial Inc. is one of Canada's premier personal financial
services companies, and the country's largest manager and distributor of
mutual funds and other managed asset products. Its activities are
carried out principally through Investors Group, Mackenzie Financial and
Investment Planning Counsel. IGM Financial Inc. is a member of the Power
Financial Corporation group of companies.

-30-

Contact Information