Mr. Kyle Martens reports
IGM FINANCIAL INC. ANNOUNCES SEPTEMBER 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
IGM Financial Inc. had preliminary total consolidated net outflows of $322-million during September, 2023. Total assets under management and advisement were $253.4-billion at Sept. 30, 2023, compared with $261.7-billion at Aug. 31, 2023, and $238.1-billion at Sept. 30, 2022.
September highlights
IGM Financial -- assets under management and advisement of $253.4-billion were down 3.2 per cent in the month. Total net outflows were $322-million compared with net outflows of $442-million in September, 2022. Investment fund net redemptions were $526-million compared with net redemptions of $682-million in September, 2022.
IG Wealth Management -- assets under advisement of $114.2-billion were down 3 per cent in the month. Total net outflows were $168-million compared with net outflows of $40-million in September, 2022.
Mackenzie -- assets under management of $186.3-billion were down 3.4 per cent in the month. Total net redemptions were $215-million compared with net redemptions of $389-million in September, 2022. Investment fund net redemptions were $237-million compared with net redemptions of $353-million in September, 2022.
About IGM Financial Inc.
IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $253-billion in total assets under management and advisement. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel.
IGM
Financial is a member of the Power Corp. group of companies.
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