IGM Financial Inc. Announces June 2015 Mutual Fund Sales and Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwired - July 3, 2015) - IGM Financial Inc. (IGM) 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(i)                                     
Month ended June 30, 2015                                                   
($ millions) (unaudited)                                                    
                                                                            
                             Investors                                   IGM
                                 Group  Mackenzie      Counsel  Financial(1)
                        ----------------------------------------------------
                        ----------------------------------------------------
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

(i)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                                                      
 Management(2) ($             June      May     June    % Change   % Change 
 billions) (unaudited)        2015     2015     2014  Last Month        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                                                      
     other(2,3)             $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 Management(4)                                
($ billions) (unaudited)                                     Quarter to Date
                                                        --------------------
                                                        --------------------
                                                                            
Total Average Assets under Management(5)                             $145.64
Mutual Fund Average Assets under Management(5)                       $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.

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