IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

June 02, 2006 16:07 ET

IGM Financial Inc. Announces May 2006 Mutual Fund Assets And Sales

WINNIPEG, MANITOBA--(CCNMatthews - June 2, 2006) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary mutual fund assets under management as at May 31, 2006 and preliminary net mutual fund sales for the month of May. Total mutual fund assets under management were $97-billion. Total net mutual fund sales were $89.1-million including net sales at Investors Group of $93.3-million, net redemptions at Mackenzie Financial of $20.9-million and net sales at Counsel Group of Funds, a division of Investment Planning Counsel, of $16.7-million.



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Mutual Fund Assets
under Management
(billions) May April December % Change % Change
(unaudited) 2006 2006 2005 Month YTD
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IGM Financial Inc. $96.76(1) $99.41(1) $94.05(1) (2.7) 2.9
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Investors Group $52.12 $53.52 $50.70 (2.6) 2.8
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Mackenzie Financial $42.69 $43.89 $41.47 (2.7) 2.9
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Counsel Group
of Funds $1.95(1) $2.00(1) $1.88(1) (2.5) 3.7
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Net Sales (millions)
(unaudited) May 2006 May 2005
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All Long Term All Long Term
Funds Funds Funds Funds
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IGM Financial Inc. $89.1(2) $70.3(2) $149.8(2) $137.8(2)
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Investors Group $93.3 $67.7 $80.1 $44.2
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Mackenzie Financial ($20.9) ($11.5) $49.4 $74.1
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Counsel Group of Funds $16.7(2) $14.1(2) $20.3(2) $19.5(2)
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(1) includes $479-million (April 2006 - $503-million, December
2005 - $388-million) in Counsel Group of Funds mutual fund assets
invested in other managers' mutual funds.

(2) includes $0.5-million in net redemptions (2005 - $0.5-million in
net redemptions) of Counsel Group of Funds assets invested in other
managers' mutual funds.


Investors Group announced mutual fund sales of $546.6-million, redemptions of $453.3-million and net sales of $93.3-million for the month of May 2006. Gross sales, redemptions and net sales of long-term funds for the month of May 2006 were $452.7-million, $385.0-million and $67.7-million.

Mackenzie Financial announced mutual fund sales of $636.4-million, redemptions of $657.3-million and net redemptions of $20.9-million for the month of May 2006. Gross sales, redemptions and net redemptions of long-term funds for the month of May 2006 were $542.8-million, $554.3-million and $11.5-million.

Counsel Group of Funds, a division of Investment Planning Counsel, reported mutual fund sales of $31.9-million, redemptions of $15.2-million and net sales of $16.7-million for the month of May 2006. Gross sales, redemptions and net sales of long-term funds for the month of May 2006 were $28.8-million, $14.7-million and $14.1-million.

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

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, with over $104 billion in total assets under management. 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.

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