Winnipeg, MB – March 2, 2005: IGM Financial Inc. (IGM) (TSX: IGM) today reported total mutual fund assets under management as at February 28, 2005 and net mutual fund sales for the month of February. Total mutual fund assets under management were $85.8-billion. Total net mutual fund sales were $526.3-million including net sales at Investors Group of $299.3-million, net sales at Mackenzie Financial of $189.6-million and net sales at Investment Planning Counsel of $37.4-million.
|
IGM FINANCIAL INC.
Mutual Fund Assets under Management (billions) |
| |
February
2005 |
January
2005 |
December 2004 |
% Change Month |
% Change
YTD |
| IGM Financial Inc. |
$85.781 |
$83.361 |
$83.141 |
2.9 |
3.2 |
| Investors Group |
$45.83 |
$44.53 |
$44.51 |
2.9 |
3.0 |
| Mackenzie |
$38.37 |
$37.31 |
$37.13 |
2.9 |
3.3 |
| Investment Planning Counsel |
$ 1.581 |
$1.521 |
$1.50 |
3.9 |
5.3 |
| Net Sales (millions) |
February 2005 |
February 2004 |
|
All Funds |
Long Term Funds |
All Funds |
Long Term Funds |
| IGM Financial Inc. |
$526.33 |
$500.83
|
$427.9 |
$403.8 |
| Investors Group |
$299.3 |
$274.1 |
$240.9 |
$216.6 |
| Mackenzie |
$189.6 |
$190.8 |
$187.0 |
$187.2 |
| IPC |
$37.43 |
$35.93 |
N/A2 |
N/A2 |
1 includes $415.3-million in Investment Planning Counsel mutual fund assets invested in other managers' mutual funds.
2 IGM Financial Inc. acquired Investment Planning Counsel on May 10, 2004
3 includes $3.47-million in net sales of Investment Planning Counsel mutual funds invested in other managers' mutual funds.
Investors Group announced mutual fund sales of $700.9-million, redemptions of $401.6-million and net sales of $299.3-million for the month of February 2005. Gross sales, redemptions and net sales of long-term funds for the month of February 2005 were $623.2-million, $349.1-million and $274.1-million.
Mackenzie Financial Corporation announced mutual fund sales of $842.7-million, redemptions of $653.1-million and net sales of $189.6-million for the month. Gross sales, redemptions and net sales of long-term funds for the month of February 2005 were $735.3-million, $544.5-million and $190.8-million.
Investment Planning Counsel reported mutual fund sales of its asset management division, Counsel Wealth Management, of $56.5-million, redemptions of $19.1-million and net sales of $37.4-million for the month of February 2005. Gross sales, redemptions and net sales of long-term funds for the month of February were $53.4-million, $17.5-million and $35.9-million.
For more information on mutual fund activity, please refer to individual press releases for each reporting Company issued yesterday. For more information contact:
Ron Arnst
Media Relations
Investors Group Inc.
Tel: (204) 956-3364
|
Greg D. Tretiak
Chief Financial Officer,
IGM Financial Inc.
Tel: (204) 956-8748
|
|
