IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

September 02, 2005 14:43 ET

IGM Financial Inc. Announces August 2005 Mutual Fund Assets And Sales

WINNIPEG, MANITOBA--(CCNMatthews - Sept. 2, 2005) - IGM Financial Inc. (IGM)(TSX:IGM) today reported preliminary mutual fund assets under management as at August 31, 2005 and preliminary net mutual fund sales for the month of August. Total mutual fund assets under management were approximately $90-billion. Total net mutual fund sales were $53.6-million including net sales at Investors Group of $16.9-million, net sales at Mackenzie Financial of $19.2-million and net sales at Investment Planning Counsel of $17.5-million.



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Mutual Fund August July December % Change % Change
Assets under 2005 2005 2004 Month YTD
Management
(billions)
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IGM Financial
Inc. $89.78(1) $89.85(1) $83.14(1) (0.1) 8.0
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Investors
Group $48.41 $48.33 $44.51 0.2 8.8
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Mackenzie
Financial $39.62 $39.78 $37.13 (0.4) 6.7
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Investment
Planning
Counsel $1.75(1) $1.74(1) $1.50(1) 0.6 16.7
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August 2005 August 2004
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Net Sales All Funds Long Term All Funds Long Term
(millions) Funds Funds
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IGM Financial
Inc. $53.6(2) $43.2(2) ($20.1)(2) ($22.2)(2)
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Investors
Group $16.9 ($2.3) ($36.8) ($44.5)
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Mackenzie
Financial $19.2 $28.9 ($1.0) $5.3
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Investment
Planning
Counsel $17.5(2) $16.6(2) $17.7(2) $17.0(2)
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(1) includes $438 million (July 05 - $432 million; December 04 - $388 million) in Investment Planning Counsel mutual fund assets invested in other managers' mutual funds.

(2) includes $1.1-million in net redemptions (2004 - $2.7-million in net sales) of Investment Planning Counsel mutual funds invested in other managers' mutual funds.

Investors Group announced mutual fund sales of $418.9-million, redemptions of $402.0-million and net sales of $16.9-million for the month of August 2005. Gross sales, redemptions and net redemptions of long-term funds for the month of August 2005 were $342.1-million, $344.4-million and $2.3-million.

Mackenzie Financial announced mutual fund sales of $516.5-million, redemptions of $497.3-million and net sales of $19.2-million for the month. Gross sales, redemptions and net sales of long-term funds for the month of August 2005 were $436.3-million, $407.4-million and $28.9-million.

Investment Planning Counsel reported mutual fund sales of its asset management division, Counsel Wealth Management, of $31.1-million, redemptions of $13.6-million and net sales of $17.5-million for the month of August 2005. Gross sales, redemptions and net sales of long-term funds for the month of August were $29.7-million, $13.1-million and $16.6-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.

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