Mr. Ron Arnst reports
IGM FINANCIAL INC. ANNOUNCES AUGUST 2015 MUTUAL FUND SALES AND TOTAL ASSETS UNDER MANAGEMENT
IGM Financial Inc. had preliminary total mutual fund net new money in August of negative $61.4-million, as shown in the attached table. Total assets under management were $133.4-billion at Aug. 31, 2015, compared with $137.9-billion at July 31, 2015, and $144-billion at Aug. 31, 2014. Mutual fund assets under management were $127.2-billion as at Aug. 31, 2015, compared with $131.6-billion at July 31, 2015, and $127.4-billion at Aug. 31, 2014. Assets under management are shown in the attached table.
MUTUAL FUNDS NET NEW MONEY (i)
(Month ended Aug. 31, 2015; in millions of dollars)
Investors IGM
Group Mackenzie Counsel Financial (1)
All mutual funds
Gross sales $ 559.7 $ 474.1 $ 59.1 $ 1,089.9
Net new money $ 19.8 ($ 95.0) $ 15.1 ($ 61.4)
Long-term mutual funds
Gross sales $ 471.5 $ 451.8 $ 53.4 $ 973.7
Net new money ($ 16.4) ($ 94.0) $ 10.9 ($ 101.0)
(i) Mutual fund net new money is defined as gross sales less gross redemptions,
and is consistent with the terminology used by the Investment Funds Institute
of Canada (IFIC).
(1) Total mutual fund gross sales and net new money for the month ended
Aug. 31, 2015, excluded $3-million and $1.4-million, respectively, in
accounts invested in Mackenzie Financial Corp. funds held by
Investment Planning Counsel.
ASSETS UNDER MANAGEMENT
(in billions of dollars)
August, July, August,
2015 2015 2014
Total assets under
management (1) $ 133.36 $ 137.87 $ 143.96
Mutual fund assets under
management $ 127.19 $ 131.61 $ 127.41
Investors Group
mutual funds $ 74.67 $ 77.03 $ 73.78
Mackenzie
mutual funds $ 48.53 $ 50.48 $ 49.85
Subadvisory,
institutional and
other $ 12.82 $ 13.27 $ 22.30
Total Mackenzie $ 61.35 $ 63.75 $ 72.15
Counsel
mutual funds $ 4.04 $ 4.16 $ 3.83
(1) Excludes assets managed by Mackenzie on behalf of
Investors Group and Investment Planning Counsel. These assets
have a value of $6.7-billion at Aug. 31, 2015 ($7.1-billion
at July 31, 2015, and $5.8-billion at Aug. 31, 2014).
Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in the attached table.
AVERAGE ASSETS UNDER MANAGEMENT (1)
($ billions)
Quarter to
date
Total average assets under management (2) $ 136.22
Mutual fund average assets under management $ 129.98
Investors Group
mutual funds $ 76.11
Mackenzie mutual funds $ 49.82
Subadvisory, institutional and other $ 13.09
Total Mackenzie $ 62.91
Counsel mutual funds $ 4.11
(1) Based on daily average mutual fund assets and month-end average
institutional, subadvisory and other assets.
(2) Excludes average assets of $6.9-billion managed by Mackenzie on behalf
of Investors Group and Investment Planning Counsel.
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