Mr. Nini Krishnappa reports

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

IGM Financial Inc. had total assets under management and advisement of $252.4-billion at June 30, 2024, up 0.5 per cent from $251.1-billion at May 31, 2024, and up 7.6 per cent from $234.7-billion at June 30, 2023. Total consolidated net outflows were $535-million during June, 2024.

June highlights

IGM Financial

Assets under management and advisement of $252.4-billion were up 0.5 per cent in the month. Total net outflows were $535-million, compared with net inflows of $146-million in June, 2023. Investment fund net redemptions were $510-million, compared with net redemptions of $331-million in June, 2023.

In June, 2024, IGM Financial experienced heightened investment fund gross sales, redemptions and heightened positive other net flows due to clients strategically triggering capital gains in advance of changes to Canada's capital gains tax policy that took effect on June 25, 2024.

IG Wealth Management

Assets under advisement of $129.7-billion were up 0.9 per cent in the month. Total net inflows were $21-million, up from net outflows of $138-million in June, 2023.

Mackenzie

Assets under management of $202.1-billion were up 0.2 per cent in the month. Investment fund net redemptions were $293-million, compared with net redemptions of $162-million in June, 2023. Total net redemptions were $557-million, compared with net sales of $284-million in June, 2023.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $252-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.