Mr. Nini Krishnappa reports

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

IGM Financial Inc. had preliminary total consolidated net inflows of $343-million during February, 2024. Total assets under management and advisement were $247.5-billion at Feb. 29, 2024, compared with $241.2-billion at Jan. 31, 2024, and $231.9-billion at Feb. 28, 2023. Assets under management and advisement are shown in an attached table.

February highlights

IGM Financial: Assets under management and advisement of $247.5-billion were up 2.6 per cent in the month. Total net inflows were $343-million, compared with net inflows of $783-million in February, 2023. Investment fund net sales were $165-million, compared with net sales of $316-million in February, 2023.

IG Wealth Management: Assets under advisement of $125.4-billion were up 2.9 per cent in the month. Total net inflows were $361-million, compared with net inflows of $488-million in February, 2023.

Mackenzie: Assets under management of $200.6-billion were up 2.3 per cent in the month. Investment fund net sales were $5-million, compared with net sales of $209-million in February, 2023. Total net redemptions were $18-million, compared with net sales of $295-million in February, 2023.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $248-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 and Mackenzie Investments. IGM Financial is a member of the Power Corp. group of companies.