IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

May 01, 2009 20:35 ET

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

WINNIPEG, MANITOBA--(Marketwire - May 1, 2009) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in April of ($241.7) million as shown in Table 1. Total assets under management were $103.6 billion at April 30, 2009, compared to $122.3 billion at April 30, 2008 and $101.7 at December 31, 2008. Mutual fund assets under management were $86.1 billion as at April 30, 2009, compared to $107.8 billion at April 30, 2008 and $85.0 billion at December 31, 2008. Assets under management are shown in Table 2.



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Table 1 - Mutual Funds Net April 2009
New Money(i) ------------------------------------------------
Counsel
(millions) (unaudited) Investors Group IGM
Group Mackenzie of Funds Financial
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All Mutual Funds
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Gross Sales $330.8 $314.5 $19.0 $664.3
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Net New Money(i) ($86.6) ($155.8) $ 0.7(1) ($241.7)(1)
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Long Term Mutual Funds
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Gross Sales $255.3 $250.5 $15.5 $521.3
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Net New Money(i) ($66.7) ($94.8) $0.2(1) ($161.3)(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 $7.7 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 April 30, April 30, % Change
(billions) (unaudited) 2009 2008 YOY
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Mutual Funds
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Investors Group $49.19 $60.02 (18.0)
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Mackenzie $35.13 $45.52 (22.8)
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Counsel Group of Funds $1.75(2) $2.22(2) (21.2)
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Mutual Fund Assets under Management $86.07 $107.76 (20.1)
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Private, institutional, sub-advised
and other - Mackenzie $17.57(3) $14.49(3) 21.3
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Total Assets under Management $103.64 $122.25 (15.2)
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(2) includes $138 million (2008 - $530 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 $ 48.54
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Mackenzie $ 34.83
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Counsel Group of Funds $ 1.73
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Average Mutual Funds Assets under Management $ 85.10
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Private, institutional, sub-advised
and other - Mackenzie $ 17.18(3)
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Total Average Assets under Management $102.28
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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 $103 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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