WINNIPEG, MB, April 4, 2025/ CNW/ – IGM Financial Inc. (IGM) IGM today reported overall possessions under management and advisement of $ 2750 billion at March 31, 2025, up 9.1% from $ 2522 billion at March 31, 2024. Overall combined net inflows were $ 33 billion throughout March 2025
MARCH HIGHLIGHTS
IGM Financial — Properties under management & & advisement were $ 275.0 billion compared to $ 278.2 billion in the previous month. Mutual fund internet sales were $ 0 million up from net redemptions of $ 159 million in March 2024 Overall net inflows were $ 3.3 billion up from net outflows of $ 240 million in March 2024
IG Wealth Management ( IGWM)— Properties under advisement were $ 141.5 billion compared to $ 144.6 billion in the previous month. Mutual fund internet sales were $ 15 million up from net redemptions of $ 133 million in March 2024 Overall net inflows were $ 207 million up from net outflows of $ 47 million in March 2024 Tape-record high March 2025 gross inflows and gross sales of $ 1.3 billion, both up from $ 1.1 billion in March 2024
Mackenzie Investments — Properties under management were $ 218.6 billion compared to $ 220.2 billion in the previous month. Mutual fund internet redemptions were $15 million compared to net redemptions of $ 26 million in March 2024 Overall net sales were $ 31 billion( 2 )( 3 ) up from net redemptions of $ 193 million in March 2024
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Table 1 – Gross and Net Circulations Please see www.igmfinancial.com for file with trended history. |
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Wealth Management |
Possession Management |
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($ millions) (unaudited) |
IG Wealth Management |
Mackenzie Investments |
IGM Financial |
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For the month ended March 31, 2025 |
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Net circulations |
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Shared fund internet sales |
14.7 |
( 318.5 )( 2 ) |
( 303.8 ) |
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ETF net productions |
303.8 |
303.8 |
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Mutual fund internet sales |
14.7 |
( 14.7 ) |
0.0 |
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Institutional SMA net sales |
3,093.2( 1) (3 ) |
3,093.2 |
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Handled possession net sales |
14.7 |
3,078.5 |
3,093.2 |
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Other net circulations |
192.3 |
192.3 |
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Net circulations |
207.0 |
3,078.5 |
3,285.5 |
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Gross circulations |
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Shared fund gross sales |
1,313.8 |
817.0 |
2,130.8 |
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Dealership gross inflows |
1,306.0 |
1,306.0 |
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Table 2– Properties under Management and Advisement
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($ millions) (unaudited) |
March 2025 |
February 2025 |
% Modification |
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Wealth Management |
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IG Wealth Management |
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Properties under management |
124,645 |
127,546 |
( 2.3 %) |
|
|
Other possessions under advisement |
16,884 |
17,077 |
( 1.1 %) |
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|
Properties under advisement |
141,529 |
144,623 |
( 2.1 %) |
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|
Possession management |
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Mackenzie Investments |
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Shared funds |
60,885 |
62,957 |
( 3.3 %) |
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|
ETFs |
7,874 |
7,779 |
1.2 % |
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|
Mutual fund |
68,759 |
70,736 |
( 2.8 %) |
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|
Institutional SMA |
11,787 |
9,039 |
30.4 % |
|
|
Sub-advisory to Canada Life |
52,951 |
53,791 |
( 1.6 %) |
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Overall Institutional SMA |
64,738 |
62,830 |
3.0 % |
|
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Overall 3rd party possessions under management |
133,497 |
133,566 |
( 0.1 %) |
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|
Sub-advisory and AUM to Wealth Management |
85,136 |
86,641 |
( 1.7 %) |
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Overall |
218,633 |
220,207 |
( 0.7 %) |
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ETF’s dispersed to 3rd parties |
7,874 |
7,779 |
1.2 % |
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|
ETF’s held within IGM handled items |
9,108 |
8,953 |
1.7 % |
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Overall ETFs |
16,982 |
16,732 |
1.5 % |
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Overall |
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Properties under management |
258,142 |
261,112 |
( 1.1 %) |
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Other possessions under advisement |
16,884 |
17,077 |
( 1.1 %) |
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|
Properties under management and advisement |
275,026 |
278,189 |
( 1.1 %) |
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Table 3 – Typical Properties 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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Properties under management |
125,457 |
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Other possessions under advisement |
17,042 |
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Properties under advisement |
142,499 |
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Possession Management |
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Mackenzie Investments |
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Shared funds |
62,038 |
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ETFs |
7,598 |
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Mutual fund |
69,636 |
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Institutional SMA |
9,152 |
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Sub-advisory to Canada Life |
53,445 |
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Overall Institutional SMA |
62,597 |
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Overall 3rd party possessions under management |
132,233 |
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Sub-advisory and AUM to Wealth Management |
85,273 |
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Overall |
217,506 |
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ETFs dispersed to 3rd parties |
7,598 |
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ETFs held within IGM handled items |
8,732 |
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Overall ETFs |
16,330 |
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Overall |
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Properties under management |
257,690 |
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Other possessions under advisement |
17,042 |
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Properties under management and advisement |
274,732 |
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1 |
Excludes sub-advisory to Canada Life and the Wealth Management section. |
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2 |
Throughout March 2025, an institutional financier that includes Mackenzie shared funds in its financial investment offerings made fund allotment modifications leading to redemptions of $144 million. |
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3 |
Throughout March 2025, Mackenzie onboarded institutional requireds of $3.0 billion. |
Glossary of Terms
Assets Under Management and Advisement (AUM&A) represents the combined AUM and AUA of IGM Financial’s core services IG Wealth Management and Mackenzie Investments. In the Wealth Management section, AUM belongs part of AUA. All circumstances where the possession management section is supplying financial investment management services or dispersing its items through the Wealth Management section are gotten rid of in our reporting such that there is no double-counting of the exact same customer cost savings held at IGM Financial’s core services. AUM&A leaves out Financial investment Preparation Counsel’s (IPC’s) AUM, AUA, sales, redemptions and net circulations which have actually been revealed as Discontinued operations.
Assets Under Advisement (AUA) are the crucial chauffeur of the Wealth Management section. AUA are cost savings and financial investment items held within customer accounts of our Wealth Management section core services.
Assets Under Management (AUM) are the crucial chauffeur of the Possession Management section. AUM are a secondary chauffeur of profits and expenditures within the Wealth Management section in relation to its financial investment management activities. AUM are customer possessions where we offer financial investment management services and consist of mutual fund where we are the fund supervisor, financial investment advisory requireds to organizations, and other customer accounts where we have discretionary portfolio management obligations.
Shared fund gross sales and net sales show the outcomes of the shared funds handled by the particular operating business, and when it comes to the Wealth Management section likewise consist of other discretionary portfolio management services supplied by the operating business, consisting of individually handled account programs.
ETF’s represent exchange traded funds handled by Mackenzie.
Institutional SMA represents financial investment advisory and sub-advisory requireds to institutional financiers, pension and structures through individually handled accounts.
Other net circulations and Other possessions under advisement represents monetary cost savings items held within customer accounts in the Wealth Management section that are not purchased items or programs where these operating business carry out financial investment management activities. These cost savings items consist of mutual fund handled by 3rd parties, direct financial investment in equity and set earnings securities and deposit items.
Net circulations represent the overall net contributions, in money or in kind, to customer accounts at the Wealth Management section and the general net sales to the Possession Management section.
Wealth Management— Shows the activities of running business mainly concentrated on supplying monetary preparation and associated services to Canadian homes and represents the operations of IGWM. IGWM is a retail circulation company that serves Canadian homes through their securities dealerships, shared fund dealerships and other subsidiaries accredited to disperse monetary services and products. Most of the profits of this section are originated from supplying monetary guidance and dispersing monetary services and products to Canadian homes. This section likewise consists of the financial investment management activities of these companies, consisting of shared fund management and discretionary portfolio management services.
Possession Management— Shows the activities of running business mainly concentrated on supplying financial investment management services, and represents the operations of Mackenzie Investments. Financial investment management services are supplied to a suite of mutual fund that are dispersed through 3rd party dealerships and monetary consultants, and likewise through institutional advisory requireds to pension and other institutional financiers.
Terminated operations – Shows the activities of Financial investment Preparation Counsel. On April 3, 2023, IGM Financial revealed the sale of 100% of the typical shares of Financial investment Preparation Counsel Inc. for money factor to consider of $ 575 million The deal closed on November 30, 2023
ABOUT IGM FINANCIAL INC.
IGM Financial Inc. ((“, IGM”,, TSX: IGM) is a leading Canadian varied wealth and possession management company with around $ 275 billion in overall possessions under management and advisement since March 31, 2025 The business is devoted to improving the lives of Canadians by much better preparation and handling their cash. To attain this, IGM offers a broad series of monetary preparation and financial investment management services to assist around 2 million Canadians fulfill their monetary objectives. IGM’s activities are performed primarily through IG Wealth Management and Mackenzie Investments and are matched by tactical positions in wealth supervisors Rockefeller Capital Management and Wealthsimple and possession supervisors ChinaAMC and Northleaf Capital. These enhance IGM’s abilities, reach and diversity. IGM belongs to the Power Corporation group of business. To find out more, go to igmfinancial.com
SOURCE IGM Financial Inc.
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