IGM Financial Inc. Announces January 2011 Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - Feb. 2, 2011) - IGM Financial Inc. (IGM) (TSX:IGM) today reported total assets under management of $130.9 billion at January 31, 2011, compared with $118.2 billion at January 31, 2010 and $129.5 billion at December 31, 2010. Mutual fund assets under management were $109.2 billion as at January 31, 2011, compared with $98.1 billion at January 31, 2010 and $107.9 billion at December 31, 2010. Assets under management are shown in Table 1. 

Table 1 - Assets under Management ($ billions) (unaudited)			January 31, 2011				January 31, 2010			% Change YOY
	Mutual Funds
		Investors Group	$	62.60			$	56.29		11.2
		Mackenzie	$	43.88			$	39.71		10.5
		Counsel Portfolio Services1	$	2.73			$	2.11		29.4
Mutual Fund Assets under Management			$	109.21			$	98.11		11.3
	Private, institutional, sub-advised and other - Mackenzie		$	21.70	2		$	20.04	2	8.3
Total Assets under Management			$	130.91			$	118.15		10.8

Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.

Table 2 - Average Assets under Management3
($ billions) (unaudited)			January 2011
	Mutual Funds
		Investors Group	$	61.96
		Mackenzie	$	43.32
		Counsel Portfolio Services1	$	2.70
Average Mutual Fund Assets under Management			$	107.98
	Private, institutional, sub-advised and other - Mackenzie		$	21.63	2
Total Average Assets under Management			$	129.61

1	On January 1, 2011, Titan Funds Incorporated amalgamated with Counsel Portfolio Services.
2	excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.
3	based on daily average mutual fund assets and month-end average private, institutional, sub-advisory and other assets.

For more information about assets under management, please refer to press releases issued by Investors Group Inc., Mackenzie Investments and Investment Planning Counsel Inc.

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 $131 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.