IGM Financial Inc. Announces February 2005 Mutual Fund Assets And Sales
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.
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 ron.arnst@investorsgroup.com |
Mike Van Soelen Environics Communications (416) 969-2717 mvansoelen@environicspr.com |
