06:45:48 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



IGM Financial Inc
Symbol IGM
Shares Issued 247,117,066
Close 2015-09-04 C$ 34.90
Market Cap C$ 8,624,385,603
Recent Sedar Documents

Successful Inv refreshes IGM Financial buy

2015-09-04 20:51 ET - In the News

The Successful Investor, in the September, 2015, issue, refreshes its buy of IGM Financial Inc., recently $38. The Investor said buy 22 times from May, 2001, to July, 2015, at prices ranging from $20 to $55. Assuming a $1,000 investment for each of the 22 buys, the $22,000 position is now worth $22,230. In this brief update, the Investor says IGM had $137.9-billion in assets under management as of July 31, 2015, down from $142.1-billion a year earlier. Despite the decrease, the Investor reckons that IGM is better off than many of its competitors, thanks to its dedicated sales force. This lets IGM form close relationships with clients (keeping redemption rates down) and lowers its dependence on selling through the brokerage industry. Buy.

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