IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

August 03, 2005 17:02 ET

IGM Financial Inc. Announces July 2005 Mutual Fund Assets and Sales

WINNIPEG, MANITOBA--(CCNMatthews - Aug. 3, 2005) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary mutual fund assets under management as at July 31, 2005 and preliminary net mutual fund sales for the month of July. Total mutual fund assets under management were approximately $90-billion. Total net mutual fund sales were $119.3-million including net sales at Investors Group of $23.0-million, net sales at Mackenzie Financial of $80.0-million and net sales at Investment Planning Counsel of $16.3-million.



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Mutual Fund Assets
under Management July June December % Change % Change
(billions) 2005 2005 2004 Month YTD
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IGM Financial Inc. $89.85(1) $87.43(1) $83.14(1) 2.8 8.1
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Investors Group $48.33 $46.94 $44.51 3.0 8.6
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Mackenzie $39.78 $38.81 $37.13 2.5 7.1
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Investment Planning
Counsel $ 1.74(1) $ 1.68(1) $ 1.50(1) 3.6 16.0
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July 2005 July 2004
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Net Sales Long Term Long Term
(millions) All Funds Funds All Funds Funds
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IGM Financial Inc. $119.3(2,3) $66.2(2) $150.4(2) $104.8(2)
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Investors Group $ 23.0 $ 5.8 ($0.5) ($22.4)
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Mackenzie $ 80.0(3) $44.6 $127.4 $105.4
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Investment Planning
Counsel $ 16.3(2) $15.8(2) $ 23.5(2) $ 21.8(2)
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(1)includes $432 million (June 05 - $418 million; December 04 - $388 million) in Investment Planning Counsel mutual fund assets invested in other managers' mutual funds.

(2)includes $0.2-million in net sales (2004 - $5.0-million in net sales) of Investment Planning Counsel mutual funds invested in other managers' mutual funds.

(3)includes an institutional investment of $50-million in Mackenzie's Sentinel Canadian Managed Yield Capital Class.

Investors Group announced mutual fund sales of $382.2-million, redemptions of $359.2-million and net sales of $23.0-million for the month of July 2005. Gross sales, redemptions and net sales of long-term funds for the month of July 2005 were $313.8-million, $308.0-million and $5.8-million.

Mackenzie Financial Corporation announced mutual fund sales of $560.2-million, redemptions of $480.2-million and net sales of $80.0-million for the month. Gross sales, redemptions and net sales of long-term funds for the month of July 2005 were $441.0-million, $396.4-million and $44.6-million.

Investment Planning Counsel reported mutual fund sales of its asset management division, Counsel Wealth Management, of $29.7-million, redemptions of $13.4-million and net sales of $16.3-million for the month of July 2005. Gross sales, redemptions and net sales of long-term funds for the month of July were $28.7-million, $12.9-million and $15.8-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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