IGM Financial Inc. Announces October 2012 Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwire - Nov. 2, 2012) - IGM Financial Inc. (IGM) IGM today reported preliminary total assets under management of $119.9-billion at October 31, 2012, compared with $119.3-billion at September 30, 2012 and $121.3-billion at October 31, 2011. Mutual fund assets under management were $102.9-billion as at October 31, 2012, compared with $102.2-billion at September 30, 2012 and $101.5-billion at October 31, 2011. Assets under management are shown in Table 1.

Table 1 - Assets under Management (1)                                       
                                                                            
($ billions)             October  September  October    % Change   % Change 
 (unaudited)                2012       2012     2011  Last Month        YOY 
                        ----------------------------------------------------
                        ----------------------------------------------------
                                                                            
Total Assets under                                                          
 Management             $ 119.92 $   119.28 $ 121.27         0.5       (1.1)
                        ----------------------------------------------------
                                                                            
Mutual Fund Assets                                                          
 under Management       $ 102.85 $   102.22 $ 101.53         0.6        1.3 
                        ----------------------------------------------------
                                                                            
 Investors Group                                                            
  Mutual Funds          $  59.95 $    59.59 $  58.53         0.6        2.4 
                        ----------------------------------------------------
 Mackenzie                                                                  
  Mutual Funds          $  40.00 $    39.73 $  40.22         0.7       (0.5)
  Sub-advisory,                                                             
   institutional and                                                        
   other                $  21.31 $    21.28 $  23.28         0.1       (8.5)
                        ----------------------------------------------------
  Total                 $  61.31 $    61.01 $  63.50         0.5       (3.4)
                        ----------------------------------------------------
 Counsel                                                                    
  Mutual Funds          $   2.92 $     2.91 $   2.78         0.3        5.0 
                        ----------------------------------------------------

Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.

Table 2 - Average Assets under Management (2,3)                             
($ billions) (unaudited)                                     Quarter to Date
                                                            ----------------
                                                            ----------------
                                                                            
Total Average Assets under Management                       $         119.58
                                                            ----------------
                                                                            
Mutual Fund Average Assets under Management                 $         102.51
                                                            ----------------
                                                                            
  Investors Group                                                           
    Mutual Funds                                            $          59.76
                                                            ----------------
  Mackenzie                                                                 
    Mutual Funds                                            $          39.86
    Sub-advisory, institutional and other                   $          21.30
                                                            ----------------
    Total                                                   $          61.16
                                                            ----------------
  Counsel                                                                   
    Mutual Funds                                            $           2.91
                                                            ----------------
(1) excludes assets managed by Mackenzie on behalf of Investors Group and   
Investment Planning Counsel. These assets have a value of $4.3-billion at   
October 31, 2012 ($4.2-billion at September 30, 2012 and $3.5-billion at    
October 31, 2011).                                                          
(2) excludes average assets of $4.3-billion managed by Mackenzie on behalf  
of Investors Group and Investment Planning Counsel.                         
(3) based on daily average mutual fund assets and month-end average private,
institutional, sub-advisory and other assets.                               

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 approximately $120 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of more than 4,500 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
IGM Financial Inc.
Ron Arnst
Media Relations
(204) 956-3364
ron.arnst@igmfinancial.com