Mr. Nini Krishnappa reports

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

IGM Financial Inc. had total assets under management and advisement of $246.7-billion at April 30, 2024, compared with $252.2-billion at March 31, 2024, and $236.5-billion at April 30, 2023. Total consolidated net outflows were $253-million during April, 2024.

April highlights

IGM Financial: Assets under management and advisement of $246.7-billion were down 2.2 per cent in the month. Total net outflows were $253-million, compared with net outflows of $499-million in April, 2023. Investment fund net redemptions were $471-million, compared with net redemptions of $321-million in April, 2023.

IG Wealth Management: Assets under advisement of $125.7-billion were down 1.9 per cent in the month. Total net outflows were $192-million, compared with net outflows of $252-million in April, 2023.

Mackenzie: Assets under management of $198.9-billion were down 2.3 per cent in the month. Investment fund net redemptions were $202-million, compared with net redemptions of $89-million in April, 2023. Total net redemptions were $61-million, compared with net redemptions of $247-million in April, 2023.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $247-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.