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

WINNIPEG, MANITOBA--(Marketwired - Sept. 2, 2015) - IGM Financial Inc. (IGM) IGM today reported preliminary total mutual fund net new money in August of ($61.4) million as shown in Table 1. Total assets under management were $133.4 billion at August 31, 2015, compared with $137.9 billion at July 31, 2015 and $144.0 billion at August 31, 2014. Mutual fund assets under management were $127.2 billion as at August 31, 2015, compared with $131.6 billion at July 31, 2015 and $127.4 billion at August 31, 2014. Assets under management are shown in Table 2.

Table 1 - Mutual Funds Net New Money(i)                                     
Month ended August 31, 2015                                                 
($ millions) (unaudited)                                                    
                            Investors                                   IGM 
                                Group    Mackenzie     Counsel   Financial1 
                        ----------------------------------------------------
                        ----------------------------------------------------
All Mutual Funds                                                            
  Gross Sales                 $ 559.7      $ 474.1      $ 59.1    $ 1,089.9 
  Net New Money                $ 19.8      ($ 95.0)     $ 15.1      ($ 61.4)
Long Term Mutual Funds                                                      
  Gross Sales                 $ 471.5      $ 451.8      $ 53.4      $ 973.7 
  Net New Money               ($ 16.4)     ($ 94.0)     $ 10.9     ($ 101.0)

(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     
    August 31, 2015 excluded $3.0 million and $1.4 million respectively in  
    accounts invested in Mackenzie Financial Corporation funds held by      
    Investment Planning Counsel.                                            
                                                                            
Table 2 - Assets under                                   % Change           
 Management                   August      July    August     Last  % Change 
($ billions) (unaudited)        2015      2015      2014    Month       YOY 
                          --------------------------------------------------
                          --------------------------------------------------
                                                                            
Total Assets under                                                          
 Management(2)              $ 133.36  $ 137.87  $ 143.96     (3.3)     (7.4)
                                                                            
Mutual Fund Assets under                                                    
 Management                 $ 127.19  $ 131.61  $ 127.41     (3.4)     (0.2)
                                                                            
  Investors Group                                                           
    Mutual Funds            $  74.67  $  77.03  $  73.78     (3.1)      1.2 
  Mackenzie                                                                 
    Mutual Funds            $  48.53  $  50.48  $  49.85     (3.9)     (2.6)
    Sub-advisory,                                                           
     institutional and                                                      
     other                  $  12.82  $  13.27  $  22.30     (3.4)    (42.5)
                          --------------------------------------------------
    Total Mackenzie         $  61.35  $  63.75  $  72.15     (3.8)    (15.0)
                          --------------------------------------------------
  Counsel                                                                   
    Mutual Funds            $   4.04  $   4.16  $   3.83     (2.9)      5.5 
                                                                            
                                                                            
(2) Excludes assets managed by Mackenzie on behalf of Investors Group and   
    Investment Planning Counsel. These assets have a value of $6.7 billion  
    at August 31, 2015 ($7.1 billion at July 31, 2015 and $5.8 billion at   
    August 31, 2014).                                                       

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 Management3                                  
                                                                  Quarter to
($ billions) (unaudited)                                                Date
                                                                  ----------
                                                                  ----------
                                                                            
Total Average Assets under Management4                            $   136.22
                                                                            
Mutual Fund Average Assets under Management                       $   129.98
                                                                            
  Investors Group                                                           
    Mutual Funds                                                  $    76.11
  Mackenzie                                                                 
    Mutual Funds                                                  $    49.82
    Sub-advisory, institutional and other                         $    13.09
                                                                  ----------
    Total Mackenzie                                               $    62.91
                                                                  ----------
  Counsel                                                                   
    Mutual Funds                                                  $     4.11
                                                                            
(3) Based on daily average mutual fund assets and month-end average         
    institutional, sub-advisory and other assets.                           
(4) 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 over $133 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