IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

March 02, 2007 14:44 ET

IGM Financial Inc. Announces February 2007 Total Assets Under Management and Mutual Fund Sales

WINNIPEG, MANITOBA--(CCNMatthews - March 2, 2007) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total assets under management of $121.3 billion and mutual fund assets under management of $108.4 billion as at February 28, 2007. Total mutual fund net new money was $695.8-million.



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Assets under Management
(billions) February January February % Change % Change
(unaudited) 2007 2007 2006 Month YOY
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Mutual Funds
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Investors Group $59.21 $58.87 $52.32 0.6 13.2
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Mackenzie $46.92 $46.97 $42.55 (0.1) 10.3
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Counsel Group of Funds $2.27(1) $2.24(1) $1.92(1) 1.3 18.2
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Mutual Fund Assets
under Management $108.40 $108.08 $96.79 0.3 12.0
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Private, institutional,
sub-advised and
other - Mackenzie $12.93(2) $12.87(2) $6.99(2)(3) 0.5 85.0
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Total Assets
under Management $121.33 $120.95 $103.78 0.3 16.9
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Mutual Funds Net New Money(i) Counsel
February 2007 Investors Group IGM
(millions) (unaudited) Group Mackenzie of Funds Financial
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All Mutual Funds
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Gross Sales $931.1 $942.5 $59.4 $1,933.0
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Net New Money(i) $525.0 $131.9 $38.9(4) $695.8(4)
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Long Term Mutual Funds
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Gross Sales $830.3 $776.8 $57.3 $1,664.4
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Net New Money(i) $468.2 $141.6 $37.6(4) $647.4(4)
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(i) Mutual Fund Net New Money (referred to as Mutual Fund Net Sales in
prior periods) is defined as Gross Sales less Gross Redemptions and
is consistent with the terminology now used by The Investment Funds
Institute of Canada (IFIC).

(1) includes $550-million (January 2007 - $556-million, February 2006
- $474-million) in Counsel Group of Funds mutual fund assets invested
in other managers' mutual funds.
(2) excludes assets managed by Mackenzie on behalf of Investors Group.
(3) does not include assets from Mackenzie's acquisition of Cundill
Investment Research Ltd. and related entities. The transaction closed
September 22, 2006 and the institutional assets were valued at
$3.3 billion on that date.
(4) includes $2.1 -million in net redemptions (2006 - $2.3 -million in net
redemptions) of Counsel Group of Funds mutual funds invested in other
managers' mutual funds.


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

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 the country's largest manager and distributor of mutual funds and other managed asset products, with $121 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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