IGM FINANCIAL INC. ANNOUNCES MAY 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
MAY HIGHLIGHTS
IG Wealth Management
(IGWM) – Assets under advisement were
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Table 1 - Gross and Net Flows Please see www.igmfinancial.com for file with trended history. |
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Wealth Management |
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Asset Management |
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($ millions) (unaudited) |
IG Wealth Management |
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IGM Financial |
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For the month ended |
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Net flows |
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Mutual fund net sales |
250.2 |
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(41.5) |
208.7 |
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ETF net creations |
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147.6 |
147.6 |
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Investment fund net sales |
250.2 |
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106.1 |
356.3 |
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Institutional SMA net sales |
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19.1(1) |
19.1 |
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Managed asset net sales |
250.2 |
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125.2 |
375.4 |
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Other net flows |
(185.0) |
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(185.0) |
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Net flows |
65.2 |
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125.2 |
190.4 |
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Gross flows |
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Mutual fund gross sales |
1,245.0 |
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739.0 |
1,984.0 |
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Dealer gross inflows |
1,134.2 |
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1,134.2 |
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Table 2 – Assets under Management and Advisement |
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($ millions) (unaudited) |
May 2025 |
April 2025 |
% Change Last Month |
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Wealth Management |
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IG Wealth Management |
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Assets under management |
126,845 |
122,505 |
3.5 % |
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Other assets under advisement |
16,834 |
16,546 |
1.7 % |
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Assets under advisement |
143,679 |
139,051 |
3.3 % |
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Asset management |
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Mutual funds |
61,459 |
59,351 |
3.6 % |
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ETFs |
8,305 |
7,896 |
5.2 % |
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Investment funds |
69,764 |
67,247 |
3.7 % |
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Institutional SMA |
11,630 |
11,155 |
4.3 % |
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Sub-advisory to Canada Life |
53,741 |
52,039 |
3.3 % |
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Total Institutional SMA |
65,371 |
63,194 |
3.4 % |
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Total third party assets under management |
135,135 |
130,441 |
3.6 % |
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Sub-advisory and AUM to Wealth Management |
85,820 |
83,305 |
3.0 % |
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Total |
220,955 |
213,746 |
3.4 % |
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ETF's distributed to third parties |
8,305 |
7,896 |
5.2 % |
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ETF's held within IGM managed products |
9,761 |
9,092 |
7.4 % |
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Total ETFs |
18,066 |
16,988 |
6.4 % |
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Total |
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Assets under management |
261,980 |
252,946 |
3.6 % |
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Other assets under advisement |
16,834 |
16,546 |
1.7 % |
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Assets under management and advisement |
278,814 |
269,492 |
3.5 % |
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Table 3 - Average Assets under Management and Advisement |
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($ millions) (unaudited) |
Quarter to date 2025 |
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Wealth Management |
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IG Wealth Management |
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Assets under management |
122,859 |
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Other assets under advisement |
16,551 |
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Assets under advisement |
139,410 |
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Asset Management |
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Mutual funds |
59,556 |
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ETFs |
7,914 |
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Investment funds |
67,470 |
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Institutional SMA |
11,524 |
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Sub-advisory to Canada Life |
52,068 |
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Total Institutional SMA |
63,592 |
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Total third party assets under management |
131,062 |
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Sub-advisory and AUM to Wealth Management |
84,543 |
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Total |
215,605 |
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ETFs distributed to third parties |
7,914 |
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ETFs held within IGM managed products |
9,221 |
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Total ETFs |
17,135 |
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Total |
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Assets under management |
253,921 |
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Other assets under advisement |
16,551 |
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Assets under management and advisement |
270,472 |
1 Excludes sub-advisory to Canada Life and the Wealth Management segment.
Glossary of Terms
Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of
Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses.
Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities.
Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs.
ETF's represent exchange traded funds managed by Mackenzie.
Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts.
Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products.
Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment.
Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services.
Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of
Discontinued operations - Reflects the activities of
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