Ms. Nini Krishnappa reports

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

IGM Financial Inc. had total assets under management and advisement of $260.1-billion at July 31, 2024, up 3.0 per cent from $252.4-billion at June 30, 2024, and up 9.7 per cent from $237-billion at July 31, 2023. Total consolidated net inflows were $62-million during July, 2024.

July highlights

IGM Financial: Record-high assets under management and advisement of $260.1-billion were up 3.0 per cent in the month. Total net inflows were $62-million, compared with net inflows of $48-million in July, 2023. Investment fund net sales were $198-million, compared with net redemptions of $158-million in July, 2023.

IG Wealth Management (IGWM): Record-high assets under advisement of $133.6-billion were up 3.0 per cent in the month. Total net inflows were $262-million up from net inflows of $196-million in July, 2023.

Mackenzie Investments: Assets under management of $208.6-billion were up 3.2 per cent in the month. Investment fund net redemptions were $73-million, compared with net redemptions of $224-million in July, 2023. Total net redemptions were $200-million, compared with net redemptions of $148-million in July, 2023.

About IGM Financial Inc.

IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $260-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.