IGM Financial Inc. Announces April 2015 Mutual Fund Sales and Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwired - May 4, 2015) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in April of ($574.1) million as shown in Table 1. Total assets under management were $147.6 billion at April 30, 2015, compared with $148.4 billion at March 31, 2015 and $138.2 billion at April 30, 2014. Mutual fund assets under management were $130.7 billion as at April 30, 2015, compared with $131.5 billion at March 31, 2015 and $123.3 billion at April 30, 2014. Assets under management are shown in Table 2.

Table 1 - Mutual Funds Net New Money*
Month ended April 30, 2015 ($ millions) (unaudited)
		Investors Group		Mackenzie			Counsel		IGM Financial		1
All Mutual Funds
	Gross Sales	$624.1		$529.8			$46.9		$1,199.6
	Net New Money	($39.6	)	($534.7	)	2	($0.6	)	($574.1	)
Long Term Mutual Funds
	Gross Sales	$521.7		$495.7			$41.4		$1,057.6
	Net New Money	($68.3	)	($543.5	)	2	($5.3	)	($616.3	)

*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 Total Mutual Fund Gross Sales and Net New Money for the month ended April 30, 2015 excluded $1.2 million and ($0.8) million respectively in accounts invested in Mackenzie Financial Corporation funds held by Investment Planning Counsel.

2 During April 2015, third party programs which include Mackenzie mutual funds made fund allocation changes which resulted in redemptions of $447 million.

Table 2 - Assets under Management3 ($ billions) (unaudited)		Apr 2015	Mar 2015	Apr 2014	% Change Last Month		% Change YOY
Total Assets under Management		$147.62	$148.39	$138.25	(0.5	)	6.8
Mutual Fund Assets under Management		$130.74	$131.51	$123.30	(0.6	)	6.0
Investors Group
	Mutual Funds	$76.56	$76.50	$71.46	0.1		7.1
Mackenzie
	Mutual Funds	$50.17	$50.94	$48.27	(1.5	)	3.9
	Sub-advisory, institutional and other3	$23.74	$23.66	$20.49	0.3		15.9
	Total Mackenzie	$73.91	$74.60	$68.76	(0.9	)	7.5
Counsel
	Mutual Funds	$4.07	$4.13	$3.61	(1.5	)	12.7

3 Excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $6.9 billion at April 30, 2015 ($6.8 billion at March 31, 2015 and $5.6 billion at April 30, 2014).

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 Management4
($ billions) (unaudited)		Quarter to Date
Total Average Assets under Management5		$149.18
Mutual Fund Average Assets under Management5		$132.30
Investors Group
	Mutual Funds	$77.16
Mackenzie
	Mutual Funds	$51.06
	Sub-advisory, institutional and other	$23.70
	Total Mackenzie	$74.76
Counsel
	Mutual Funds	$4.13

4 Based on daily average mutual fund assets and month-end average institutional, sub-advisory and other assets.

5 Excludes average assets of $6.8 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 $147 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 5,100 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. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.