IGM Financial Inc. Announces June 2015 Mutual Fund Sales and Total Assets Under Management
WINNIPEG, MANITOBA--(Marketwired - July 3, 2015) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in June of $66.3 million as shown in Table 1. Total assets under management were $136.0 billion at June 30, 2015, compared with $148.5 billion at May 31, 2015 and $141.4 billion at June 30, 2014. Mutual fund assets under management were $129.7 billion as at June 30, 2015, compared with $131.6 billion at May 31, 2015 and $125.2 billion at June 30, 2014. Assets under management are shown in Table 2.
Table 1 - Mutual Funds Net New Money* | ||||||
Month ended June 30, 2015 ($ millions) (unaudited) |
||||||
Investors Group | Mackenzie | Counsel | IGM Financial1 | |||
All Mutual Funds | ||||||
Gross Sales | $670.9 | $594.0 | $56.9 | $1,321.0 | ||
Net New Money | $74.2 | ($20.0 | ) | $12.3 | $66.3 | |
Long Term Mutual Funds | ||||||
Gross Sales | $579.6 | $554.8 | $51.9 | $1,185.5 | ||
Net New Money | $37.5 | ($36.0 | ) | $8.0 | $9.3 |
*Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the terminology used by The Investment Funds Institute of Canada (IFIC).
(1) | Total Mutual Fund Gross Sales and Net New Money for the month ended June 30, 2015 excluded $0.8 million and $0.2 million respectively in accounts invested in Mackenzie Financial Corporation funds held by Investment Planning Counsel. |
Table 2 - Assets under Management2 ($ billions) (unaudited) |
June 2015 |
May 2015 |
June 2014 |
% Change Last Month |
% Change YOY |
||||
Total Assets under Management | $135.95 | $148.52 | $141.43 | (8.5 | ) | (3.9 | ) | ||
Mutual Fund Assets under Management | $129.67 | $131.57 | $125.19 | (1.4 | ) | 3.6 | |||
Investors Group | |||||||||
Mutual Funds | $75.83 | $76.81 | $72.40 | (1.3 | ) | 4.7 | |||
Mackenzie | |||||||||
Mutual Funds | $49.85 | $50.71 | $49.11 | (1.7 | ) | 1.5 | |||
Sub-advisory, institutional and other2,3 | $13.17 | $23.91 | $21.97 | (44.9 | ) | (40.1 | ) | ||
Total Mackenzie | $63.02 | $74.62 | $71.08 | (15.5 | ) | (11.3 | ) | ||
Counsel | |||||||||
Mutual Funds | $4.05 | $4.11 | $3.73 | (1.5 | ) | 8.6 | |||
(2) | Excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $6.9 billion at June 30, 2015 ($7.0 billion at May 31, 2015 and $5.8 billion at June 30, 2014). |
(3) | MD Financial Management ("MD") re-assigned sub-advisory responsibilities on four fixed income mandates (totaling $10.3 billion) advised upon by Mackenzie. The pro forma impact on Mackenzie's pre-tax earnings from these mandate changes is not meaningful. Following the changes, Mackenzie continues to advise MD on a number of fixed income, balanced and equity mandates. |
Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 3.
Table 3 - Average Assets under Management4 | |||
($ billions) (unaudited) | Quarter to Date | ||
Total Average Assets under Management5 | $145.64 | ||
Mutual Fund Average Assets under Management5 | $131.39 | ||
Investors Group | |||
Mutual Funds | $76.78 | ||
Mackenzie | |||
Mutual Funds | $50.58 | ||
Sub-advisory, institutional and other | $21.12 | ||
Total Mackenzie | $71.70 | ||
Counsel | |||
Mutual Funds | $4.09 | ||
(4) | Based on daily average mutual fund assets and month-end average institutional, sub-advisory and other assets. |
(5) | Excludes average assets of $6.9 billion managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. |
IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with $136 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 5,100 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.
Lesen Sie auch
Media Relations
(204) 956-3364
ron.arnst@igmfinancial.com