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IGM Financial Inc. Announces July 2013 Total Assets Under Management

WINNIPEG, MANITOBA--(Marketwired - Aug. 2, 2013) - IGM Financial Inc. (IGM) (IGM.TO) today reported preliminary total assets under management of $124.7-billion at July 31, 2013, compared with $124.8-billion at June 30, 2013 and $117.0-billion at July 31, 2012. Mutual fund assets under management were $109.7-billion as at July 31, 2013, compared with $107.6-billion at June 30, 2013 and $100.1-billion at July 31, 2012. Assets under management are shown in Table 1. 

Table 1 - Assets under Management 1          
($ billions) (unaudited) July 2013   June 2013   July 2012   % Change
Last Month
  % Change
YOY
 
                       
Total Assets under Management $124.66   $124.80   $116.97   (0.1 ) 6.6  
Mutual Fund Assets under Management $109.71   $107.57   $100.12   2.0   9.6  
                       
Investors Group                    
  Mutual Funds $63.58   $62.45   $58.20   1.8   9.2  
Mackenzie                    
  Mutual Funds $43.06   $42.10   $39.06   2.3   10.2  
  Sub-advisory, institutional and other2 $19.66   $21.84   $20.52   (10.0 ) (4.2 )
  Total $62.72   $63.94   $59.58   (1.9 ) 5.3  
Counsel                    
  Mutual Funds $3.10   $3.05   $2.86   1.6   8.4  
 
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 3,4
($ billions) (unaudited) Quarter to Date
     
Total Average Assets under Management $125.62
     
Mutual Fund Average Assets under Management $109.53
     
  Investors Group  
    Mutual Funds $63.54
  Mackenzie  
    Mutual Funds $42.91
    Sub-advisory, institutional and other $20.76
    Total $63.67
  Counsel  
    Mutual Funds $3.11
1 excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $4.7-billion at July 31, 2013 ($4.6-billion at June 30, 2013 and $3.7-billion at July 31, 2012).
2 effective July 2, 2013 Waddell & Reed internalized the Ivy Global Natural Resources mandate that was sub-advised by Mackenzie, this mandate had AUM of $2.4 billion at June 30, 2013. Excluding this change, the percentage change for Sub-advisory, institutional and other assets to June 2013 would have been 1.1%. For total Mackenzie assets, the change would have been 1.9% and for total IGM assets under management the change would have been 1.8%.
3 excludes average assets of $4.7-billion managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.
4 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 over $124 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of over 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.