Winnipeg – April 4, 2011: IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management of $134.1-billion at March 31, 2011, compared with $123.4-billion at March 31, 2010 and $129.5-billion at December 31, 2010. Mutual fund assets under management were $111.7-billion as at March 31, 2011, compared with $102.8-billion at March 31, 2010 and $107.9-billion at December 31, 2010. Assets under management are shown in Table 1.
Table 1 - Assets under Management
($ billions) (unaudited) |
March 31, 2011 |
March 31, 2010 |
% Change YOY |
| Mutual Funds |
|
|
|
|
|
| Investors Group |
$64.05 |
|
$59.22 |
|
8.1 |
| Mackenzie |
$44.82 |
|
$41.33 |
|
8.5 |
| Counsel Portfolio Services |
$2.83 |
|
$2.25 |
|
25.7 |
| Mutual Fund Assets under Management |
$111.70 |
|
$102.80 |
|
8.7 |
| Private, institutional, sub-advised and other - Mackenzie |
$22.38 |
1 |
$20.57 |
1 |
8.8 |
| Total Assets under Management |
$134.08 |
|
$123.37 |
|
8.7 |
Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.
Table 2 - Average Assets under Management 2
($ billions) (unaudited) |
Quarter to Date |
| Mutual Funds |
|
| Investors Group |
$63.01 |
| Mackenzie |
$44.21 |
| Counsel Portfolio Services1 |
$2.76 |
| Average Mutual Funds Assets under Management |
$109.98 |
| Private, institutional, sub-advised and other - Mackenzie |
$21.921 |
| Total Average Assets under Management |
$131.90 |
1excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.
2 based on daily average mutual fund assets and month-end average private, institutional, sub-advisory and other assets.
For more information about assets under management, please refer to press releases issued by Investors Group Inc., Mackenzie Investments and Investment Planning Counsel Inc.
IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country’s largest managers and distributors of mutual funds and other managed asset products, with over $134 billion in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation 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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