Winnipeg - January 4, 2006: IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary mutual fund assets under management as at December 31, 2005 and preliminary net mutual fund sales for the month of December. Total mutual fund assets under management were approximately $94-billion. Total net mutual fund sales were $377.8-million including net sales at Investors Group of $66.1-million, net sales at Mackenzie Financial of $293.8-million and net sales at Investment Planning Counsel of $17.9-million.
| Mutual Fund Assets under Management (billions) |
December 2005 |
November 2005 |
December
2004 |
% Change Month |
% Change YTD |
IGM Financial Inc.
|
$94.05 1 |
$91.58 1 |
$83.14 1 |
2.7 |
13.1 |
| Investors Group |
$50.70 |
$49.47 |
$44.51 |
2.5 |
13.9 |
| Mackenzie |
$41.47 |
$40.30 |
$37.13 |
2.9 |
11.7 |
| Investment Planning Counsel |
$1.88 1 |
$1.81 1 |
$1.50 1 |
3.9 |
25.3 |
| Net Sales (millions) |
December 2005 |
December 2004 |
| All Funds |
Long Term Funds |
All Funds |
Long Term Funds |
IGM Financial Inc.
|
$377.8 2 |
$144.7 2 |
$44.2 2 |
($38.2) 2 |
| Investors Group |
$66.1 |
$24.9 |
($35.0) |
($51.8) |
| Mackenzie |
$293.8 |
$103.4 |
$59.7 |
($5.6) |
| Investment Planning Counsel |
$17.9 2 |
$16.4 2 |
$19.5 2 |
$19.2 2 |
1 includes $462 million (November 2005 - $445 million; December 2004 - $388 million) in Investment Planning Counsel mutual fund assets invested in other managers’ mutual funds.
2 includes $0.4-million in net redemptions (2004 - $0.8-million in net sales) of Investment Planning Counsel mutual funds invested in other managers’ mutual funds.
Investors Group announced mutual fund sales of $446.9-million, redemptions of $380.8-million and net sales of $66.1-million for the month of December 2005. Gross sales, redemptions and net sales of long-term funds for the month of December 2005 were $355.3-million, $330.4-million and $24.9-million.
Mackenzie Financial announced mutual fund sales of $842.0-million, redemptions of $548.2-million and net sales of $293.8-million for the month of December 2005. Gross sales, redemptions and net sales of long-term funds for the month of December 2005 were $551.2-million, $447.8-million and $103.4-million.
Investment Planning Counsel reported mutual fund sales of its asset management division, Counsel Wealth Management, of $34.1-million, redemptions of $16.2-million and net sales of $17.9-million for the month of December 2005. Gross sales, redemptions and net sales of long-term funds for the month of December 2005 were $32.1-million, $15.7-million and $16.4-million.
For more information on mutual fund activity, please refer to individual press releases for each reporting Company issued yesterday.
IGM Financial Inc. is one of Canada's premier personal financial services companies, and the country’s largest manager and distributor of mutual funds and other managed asset products. Its activities are carried out principally through Investors Group, Mackenzie Financial and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.
For more information contact:
Ron Arnst
Media Relations
(204) 956-3364
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