Mr. Nini Krishnappa reports

IGM FINANCIAL INC. ANNOUNCES JANUARY 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

IGM Financial Inc. had preliminary total consolidated net outflows of $232-million during January, 2024, as shown in an attached table. Total assets under management and advisement were $241.2-billion at Jan. 31, 2024, compared with $240.2-billion at Dec. 31, 2023, and $233.2-billion at Jan. 31, 2023. Assets under management and advisement are shown in an attached table.

January highlights

IGM Financial

Assets under management and advisement of $241.2-billion were up 0.4 per cent in the month. Total net outflows were $232-million, compared with net outflows of $211-million in January, 2023. Investment fund net redemptions were $514-million, compared with net redemptions of $401-million in January, 2023.

IG Wealth Management

Assets under advisement of $121.9-billion were up 0.6 per cent in the month. Total net outflows were $268-million, compared with net inflows of $30-million in January, 2023. In January, 2024, the IG Wealth Management pension plan redeemed $177-million from IG Wealth Management mutual funds that was reallocated into a separately managed account managed by Mackenzie. Excluding this activity, IG Wealth Management net outflows were $91-million in January, 2024.

Mackenzie

Assets under management of $196.1-billion were up 0.2 per cent in the month. Investment fund net redemptions were $173-million, compared with net redemptions of $231-million in January, 2023. Total net sales were $37-million, compared with net redemptions of $241-million in January, 2023. Excluding the IG Wealth Management reallocation described herein, total net redemptions were $140-million in January, 2024.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $241-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.