IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

April 03, 2007 13:00 ET

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

WINNIPEG, MANITOBA--(CCNMatthews - April 3, 2007) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total assets under management of $123.5 billion and mutual fund assets under management of $110.2 billion as at March 31, 2007. Total mutual fund net new money was $499.3 million.




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Assets under
Management (billions) March February March % Change % Change
(unaudited) 2007 2007 2006 Month YOY
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Mutual Funds
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Investors Group $60.18 $59.21 $53.85 1.6 11.8
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Mackenzie $47.72 $46.92 $43.85 1.7 8.8
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Counsel Group of
Funds $2.30(1) $2.27(1) $2.00(1) 1.3 15.0
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Mutual Fund Assets
under Management $110.20 $108.40 $99.70 1.7 10.5
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Private, institutional,
sub-advised and
other - Mackenzie $13.26(2) $12.93(2) $7.40(2,3) 2.6 79.2
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Total Assets under
Management $123.46 $121.33 $107.10 1.8 15.3
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Mutual Funds Net
New Money(i)
March 2007 Investors Counsel Group IGM
(millions) (unaudited) Group Mackenzie of Funds Financial
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All Mutual Funds
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Gross Sales $721.5 $936.4 $43.2 $1,701.1
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Net New Money(i) $310.9 $162.7 $25.7(4) $499.3(4)
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Long Term Mutual Funds
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Gross Sales $611.6 $695.1 $38.9 $1,345.6
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Net New Money(i) $255.3 $101.7 $22.0(4) $379.0(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 $567-million (February 2007 - $550-million,
March 2006 - $500-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 $6.1 -million in net sales 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 over $123 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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