Winnipeg - July 3, 2014: IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary total mutual fund net new money in June of $81.3-million as shown in Table 1. Total assets under management were $141.4-billion at June 30, 2014, compared with $138.9-billion at May 31, 2014 and $124.8-billion at June 30, 2013. Mutual fund assets under management were $125.2-billion as at June 30, 2014, compared with $123.8-billion at May 31, 2014 and $107.6-billion at June 30, 2013. Assets under management are shown in Table 2.
Table 1 - Mutual Funds Net New Money * | |||||
Month ended June 30, 2014 ($ millions) (unaudited) |
Investors Group | Mackenzie | Counsel | ||
All Mutual Funds | |||||
Gross Sales | $547.6 | $584.0 | $77.2 | $1,205.4 | |
Net New Money | ($1.6) | $44.0 | $42.0 | $81.3 | |
Long Term Mutual Funds | |||||
Gross Sales | $491.7 | $549.5 | $70.6 | $1,108.4 | |
Net New Money | ($10.5) | $35.2 | $37.5 | $59.1 |
June 2014 |
May 2014 |
June 2013 | % Change Last Month | % Change YOY | |||||
Total Assets under Management | $141.43 | $138.87 | $124.80 | 1.8 | 13.3 | ||||
Mutual Fund Assets under Management | $125.19 | $123.75 | $107.57 | 1.2 | 16.4 | ||||
Investors Group | |||||||||
Mutual Funds | $72.40 | $71.59 | $62.45 | 1.1 | 15.9 | ||||
Mackenzie | |||||||||
Mutual Funds | $49.11 | $48.54 | $42.10 | 1.2 | 16.7 | ||||
Sub-advisory, institutional and other | $21.97 | $20.71 | $22.84 | 6.1 | (0.5) | ||||
Total Mackenzie | $71.08 | $69.25 | $63.94 | 2.6 | 11.1 | ||||
Counsel | |||||||||
Mutual Funds | $3.73 | $3.66 | $3.05 | 1.9 | 22.3 |
Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 3.
Quarter to Date | |
Total Average Assets under Management | $138.90 |
Mutual Fund Average Assets under Management | $123.61 |
Investors Group | |
Mutual Funds | $71.52 |
Mackenzie | |
Mutual Funds | $48.48 |
Sub-advisory, institutional, and other | $20.87 |
Total Mackenzie | $69.35 |
Counsel | |
Mutual Funds | $3.65 |
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 over $141 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 4,900 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.
For more information contact:
Ron Arnst |
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