Ms. Nini Krishnappa reports

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

IGM Financial Inc. had total assets under management and advisement of $260.4-billion at Aug. 31, 2024, up 10.8 per cent from $235.0-billion at Aug. 31, 2023. Total consolidated net outflows were $141-million during August, 2024.

August highlights

IGM Financial -- Record high assets under management and advisement of $260.4-billion were up 0.1 per cent in the month. Total net outflows were $141-million compared with net outflows of $374-million in August, 2023. Investment fund net redemptions were $61-million compared with net redemptions of $417-million in August, 2023.

IG Wealth Management (IGWM) -- Record high assets under advisement of $133.9-billion were up 0.2 per cent in the month. Investment fund net sales were $30-million up from net redemptions of $179-million in August, 2023. Total net inflows were $400,000 up from net outflows of $45-million in August, 2023.

Mackenzie Investments -- Assets under management of $208.6-billion were unchanged in the month. Investment fund net redemptions were $91-million compared with net redemptions of $238-million in August, 2023. Total net redemptions were $141-million compared with net redemptions of $329-million in August, 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 corporation group of companies.