Ms. Nini Krishnappa reports

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

IGM Financial Inc. had total assets under management and advisement of $264.8-billion at Oct. 31, 2024, up 18.0 per cent from $224.4-billion at Oct. 31, 2023. Total consolidated net inflows were $196-million during October, 2024.

October highlights

IGM Financial -- Assets under management and advisement of $264.8-billion compared with $264.9-billion in the prior month. Total net inflows were $196-million up from net outflows of $327-million in October, 2023. Investment fund net sales were $35-million up from net redemptions of $732-million in October, 2023.

IG Wealth Management (IGWM) -- Record high assets under advisement of $136.6-billion were up 0.1 per cent in the month. Investment fund net sales were $177-million up from net redemptions of $376-million in October, 2023. Total net inflows were $144-million up from net outflows of $27-million in October, 2023.

Mackenzie Investments -- Assets under management of $211.3-billion compared with $212.1-billion in the prior month. Investment fund net redemptions were $142-million compared with net redemptions of $356-million in October, 2023. Total net sales were $52-million up from net redemptions of $300-million in October, 2023.

About IGM Financial Inc.

IGM Financial is a leading Canadian diversified wealth and asset management organization with approximately $265-billion in total assets under management and advisement as of Oct. 31, 2024. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments, and are complemented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corp. group of companies.