FEBRUARY HIGHLIGHTS
IG Wealth – Record high assets under advisement of
Mackenzie – Record high assets under management of
Table 1 - Gross and Net Flows | |||||||
(Trended history file can be downloaded at igmfinancial.com/en/news/2021) | |||||||
Wealth Management | Asset Management | ||||||
($ millions) (unaudited) | IG Wealth Management | Total | Mackenzie | IGM Financial | |||
For the month ended | |||||||
Net flows | 612.4 | 102.0 | 714.7 | 503.8 | 1,110.7(4) | ||
Mutual fund net sales | 348.2 | (28.3) | 319.9 | 630.1(1) | 950.0 | ||
ETF net creations(2) | - | - | - | 160.3 | 160.3 | ||
Investment fund net sales | 348.2 | (28.3) | 319.9 | 790.4 | 1,110.3 | ||
Institutional SMA net sales | - | - | - | (286.6)(3) | (286.6) | ||
Managed asset net sales | 348.2 | (28.3) | 319.9 | 503.8 | 823.7 | ||
Mackenzie Investment Fund | 81.2 | 26.6 | 107.8 | ||||
Total IGM Product | 429.4 | (1.7) | 427.7 | ||||
Other dealer net flows | 183.1 | 103.9 | 287.0 | - | 287.0 | ||
Gross flows | |||||||
Mutual fund gross sales | 1,254.1 | 86.1 | 1,340.2 | 1,481.8 | 2,822.0 | ||
Dealer gross inflows | 1,426.1 | 584.9 | 2,011.0 | - | 2,011.0 |
Table 2 – Assets under Management and Advisement | |||
($ millions) (unaudited) | February | January | % Change |
Wealth Management | |||
IG Wealth Management | |||
Assets under management | 98,969 | 97,318 | 1.7% |
Other assets under advisement | 6,064 | 5,671 | 6.9% |
Assets under advisement | 105,033 | 102,989 | 2.0% |
IPC | |||
Assets under management | 5,295 | 5,263 | 0.6% |
Other assets under advisement | 24,239 | 23,762 | 2.0% |
Assets under advisement | 29,534 | 29,025 | 1.8% |
Total | |||
Assets under management | 104,264 | 102,581 | 1.6% |
Other assets under advisement | 30,293 | 29,423 | 3.0% |
Assets under advisement | 134,557 | 132,004 | 1.9% |
Asset management | |||
Mackenzie | |||
Total Mutual funds | 56,474 | 55,434 | 1.9% |
ETFs | 4,103 | 4,031 | 1.8% |
Investment funds | 60,577 | 59,465 | 1.9% |
Institutional SMA(5) | 52,125 | 51,254 | 1.7% |
Total (ex sub-advisory to Wealth Management) | 112,702 | 110,719 | 1.8% |
Sub-advisory to Wealth Management | 74,284 | 73,645 | 0.9% |
Total | 186,986 | 184,364 | 1.4% |
ETF's distributed to third parties | 4,103 | 4,031 | 1.8% |
ETF's held within IGM managed products | 5,395 | 4,827 | 11.8% |
Total ETFs | 9,498 | 8,858 | 7.2% |
Consolidated | |||
Assets under management | 216,966 | 213,300 | 1.7% |
Other assets under advisement | 26,566 | 25,814 | 2.9% |
Assets under management and advisement(6) |
243,532 |
239,114 |
1.8% |
Preliminary average assets under management and advisement for the quarter to date are set out in Table 3.
Table 3 - Average Assets under Management and Advisement | |
($ millions) (unaudited) | Quarter to date 2021 |
Wealth Management | |
IG Wealth Management | |
Assets under management | 99,172 |
Other assets under advisement | 5,791 |
Assets under advisement | 104,963 |
IPC | |
Assets under management | 5,344 |
Other assets under advisement | 23,878 |
Assets under advisement | 29,222 |
Total | |
Assets under management | 104,516 |
Other assets under advisement(5) | 29,660 |
Assets under advisement | 134,176 |
Asset management | |
Mackenzie | |
Mutual funds | 56,260 |
ETFs | 3,988 |
Investment funds | 60,248 |
Institutional SMA | 51,690 |
Total | 111,938 |
Sub-advisory to Wealth Management | 74,123 |
Total | 186,061 |
ETFs distributed to third parties | 3,988 |
ETFs held within IGM managed products | 4,959 |
Total ETFs | 8,947 |
Consolidated | |
Assets under management | 216,454 |
Other assets under advisement | 26,033 |
Assets under management and advisement(7) | 242,487 |
1 | During |
2 | ETF net creations excludes |
3 | Excludes net flows relating to sub-advisory mandates to the Wealth Management segment |
4 | |
5 | Excludes sub-advisory to Wealth Management segment. |
6 | Within total assets under management and advisement, |
7 | Within average total assets under management and advisement, |
Glossary of Terms
Mutual fund gross sales, net sales and assets under management reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs.
"ETF's" represent exchange traded funds managed by
Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors through separately managed accounts.
"Other dealer net flows" and "other assets under advisement" represents financial savings products held within client accounts at the Wealth Management operating companies that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products."
"Assets under advisement" represents all savings products held within client accounts at the Wealth Management operating companies.
"Net flows" represents the total net contributions, in cash or in kind, to client accounts at the Wealth Management operating companies and the overall net sales to the Asset Management segment.
"Wealth Management" – Reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households. This segment includes the activities of IG Wealth Management and
"Asset Management" – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of
SOURCE
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