IGM Financial Inc.
TSX : IGM

IGM Financial Inc.

June 04, 2007 13:05 ET

IGM Financial Inc. Announces May 2007 Total Assets Under Management And Mutual Fund Sales

WINNIPEG, MANITOBA--(Marketwire - June 4, 2007) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total assets under management of $126.5 billion and mutual fund assets under management of $113.0 billion as at May 31, 2007. Total mutual fund net new money was $240.4 million.



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Assets under Management % %
(billions) May April May Change Change
(unaudited) 2007 2007 2006 Month YOY
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Mutual Funds
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Investors Group $61.93 $60.74 $52.12 2.0 18.8
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Mackenzie $48.70 $48.09 $42.69 1.3 14.1
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Counsel Group
of Funds $2.33 (1) $2.32 (1) $1.95 (1) 0.4 19.5
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Mutual Fund Assets
under Management $112.96 $111.15 $96.76 1.6 16.7
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Private,
institutional,
sub-advised
and other -
Mackenzie $13.54 (2) $13.29 (2) $7.54 (2,3) 1.9 79.6
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Total Assets under
Management $126.50 $124.44 $104.30 1.7 21.3
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Mutual Funds Net
New Money (i) Counsel
May 2007 Investors Group IGM
(millions) (unaudited) Group Mackenzie of Funds Financial
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All Mutual Funds
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Gross Sales $615.5 $760.4 $25.9 $1,401.8
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Net New Money (i) $168.4 $64.8 $7.2 (4) $240.4 (4)
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Long Term Mutual Funds
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Gross Sales $527.0 $536.0 $23.8 $1,086.8
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Net New Money (i) $144.8 $2.9 $5.7 (4) $153.4 (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 $570-million (April 2007 - $569-million, May 2006 - $479-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 $0.7 -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 press releases issued by Investors Group Inc., Mackenzie Investments and Investment Planning Counsel Inc.

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 $126 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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