IGM Financial Inc.

IGM Financial Inc.

March 02, 2005 15:48 ET

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


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IGM FINANCIAL INC.

TSX SYMBOL: IGM

MARCH 2, 2005 - 15:48 ET

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

WINNIPEG, MANITOBA--(CCNMatthews - March 2, 2005) - IGM Financial Inc.
(IGM) (TSX:IGM) today reported total mutual fund assets under management
as at February 28, 2005 and net mutual fund sales for the month of
February. Total mutual fund assets under management were $85.8-billion.
Total net mutual fund sales were $526.3-million including net sales at
Investors Group of $299.3-million, net sales at Mackenzie Financial of
$189.6-million and net sales at Investment Planning Counsel of
$37.4-million.



IGM Financial Inc.

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Mutual Fund Assets February January December %Change %Change
under Management 2005 2005 2004 Month YTD
(billions)
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IGM Financial Inc. $85.78(1) $83.36(1) $83.14(1) 2.9 3.2
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Investors Group $45.83 $44.53 $44.51 2.9 3.0
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Mackenzie $38.37 $37.31 $37.13 2.9 3.3
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Investment
Planning Counsel $1.58(1) $1.52(1) $1.50 3.9 5.3
---------------------------------------------------------------------


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Net Sales (millions) February 2005 February 2004
---------------------------------------------------------------------
All Funds Long Term All Funds Long Term
Funds Funds
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IGM Financial Inc. $526.3(3) $500.8(3) $427.9 $403.8
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Investors Group $299.3 $274.1 $240.9 $216.6
---------------------------------------------------------------------
Mackenzie $189.6 $190.8 $187.0 $187.2
---------------------------------------------------------------------
Investment
Planning Counsel $37.4(3) $35.9(3) N/A(2) N/A(2)
---------------------------------------------------------------------


(1) includes $415.3-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 $3.47-million in net sales of Investment Planning Counsel
mutual funds invested in other managers' mutual funds.

Investors Group announced mutual fund sales of $700.9-million,
redemptions of $401.6-million and net sales of $299.3-million for the
month of February 2005. Gross sales, redemptions and net sales of
long-term funds for the month of February 2005 were $623.2-million,
$349.1-million and $274.1-million.

Mackenzie Financial Corporation announced mutual fund sales of
$842.7-million, redemptions of $653.1-million and net sales of
$189.6-million for the month. Gross sales, redemptions and net sales of
long-term funds for the month of February 2005 were $735.3-million,
$544.5-million and $190.8-million.

Investment Planning Counsel reported mutual fund sales of its asset
management division, Counsel Wealth Management, of $56.5-million,
redemptions of $19.1-million and net sales of $37.4-million for the
month of February 2005. Gross sales, redemptions and net sales of
long-term funds for the month of February were $53.4-million,
$17.5-million and $35.9-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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