Finance

IGM Monetary Inc. Proclaims June 2021 Document Excessive Funding Fund Web Flows and Belongings Underneath Administration & Advisement

WINNIPEG, MB, July 6, 2021 /CNW/ – IGM Monetary Inc. (IGM) (TSX: IGM) right now reported preliminary complete consolidated web flows of $694 million throughout June 2021 as proven in Desk 1. Complete belongings below administration and advisement had been $262.2 billion at June 30, 2021, in contrast with $256.1 billion at Could 31, 2021, and $188.3 billion at June 30, 2020. Belongings below administration and advisement are proven in Desk 2.

IGM Monetary Inc. Emblem (CNW Group/IGM Monetary Inc.)

JUNE HIGHLIGHTS
IGM Monetary* – Document excessive belongings below administration & advisement of $262.2 billion, up 2.3% within the month and up 9.3% 12 months up to now. Complete web inflows of $694 million up from $291 million in June 2020. Document excessive funding fund web gross sales of $711 million throughout June 2021 up from $276 million in 2020. Document excessive funding fund web gross sales of $1.9 billion in the course of the quarter up from $494 million in 2020.

IG Wealth – Document excessive belongings below advisement of $112.2 billion, up 2.3% within the month and up 8.6% 12 months up to now. Document excessive web inflows of $299 million throughout June 2021 up from web outflows of $43 million in June 2020. Document excessive web inflows of $670 million in the course of the quarter up from web outflows of $62 million in 2020

Mackenzie* – Document excessive belongings below administration of $201.7 billion, up 2.2% within the month and up 8.9% 12 months up to now. Complete web flows of $461 million up from $325 million in June 2020. June 2021 funding fund web gross sales had been $535 million, of which $445 million was retail which is an enchancment from web gross sales of $337 million in 2020 of which $230 million was retail. Complete web flows of $1.9 billion within the quarter down from $3.1 billion in 2020. Document excessive funding fund web gross sales of $1.7 billion within the quarter, of which $1.4 billion was retail which is an enchancment from web gross sales of $579 million in 2020 of which $409 million was retail.

Desk 1 – Gross and Web Flows

Please see www.igmfinancial.com for file with trended historical past

Wealth Administration

Asset
Administration

($ hundreds of thousands) (unaudited)

IG Wealth
Administration

Funding
Planning Counsel

Complete

Mackenzie(3)

IGM

Monetary

For the month ended June 30, 2021

Web flows

299.1

(24.1)

275.6

461.3

694.2(3)

Mutual fund web gross sales

185.8

(10.0)

175.8

356.7

532.5

ETF web creations

178.1(1)

178.1

Funding fund web gross sales

185.8

(10.0)

175.8

534.8

710.6

Institutional SMA web gross sales(6)

(73.5)

(73.5)

Managed asset web gross sales

185.8

(10.0)

175.8

461.3

637.1

Mackenzie Funding Fund
web gross sales

31.7

11.0

42.7(3)

IGM Product web gross sales

217.5

1.0

218.5

Different seller web flows

81.6

(25.1)

57.1

57.1

Gross flows

Mutual fund product sales

979.9

68.7

1,048.6

981.5

2,030.1

Vendor gross inflows

1,149.0

378.6

1,527.6

1,527.6

Desk 2 – Belongings below Administration and Advisement

($ hundreds of thousands) (unaudited)

June
2021

Could
2021

% Change
Final Month

Wealth Administration

IG Wealth Administration

Belongings below administration

105,218

103,003

2.2%

Different belongings below advisement

6,967

6,674

4.4%

Belongings below advisement

112,185

109,677

2.3%

IPC

Belongings below administration

5,485

5,388

1.8%

Different belongings below advisement

25,840

25,198

2.5%

Belongings below advisement

31,325

30,586

2.4%

Complete

Belongings below administration

110,703

108,391

2.1%

Different belongings below advisement

32,796

31,862

2.9%

Belongings below advisement

143,499

140,253

2.3%

Asset administration

Mackenzie(2)

Complete Mutual funds

61,717

60,179

2.6%

ETFs

4,889

4,632

5.5%

Funding funds

66,606

64,811

2.8%

Institutional SMA

56,307

55,215

2.0%

Complete

122,913

120,026

2.4%

Sub-advisory to Wealth Administration

78,788

77,318

1.9%

Complete

201,701

197,344

2.2%

ETF’s distributed to 3rd events

4,889

4,632

5.5%

ETF’s held inside IGM managed merchandise

5,748

5,496

4.6%

Complete ETFs

10,637

10,128

5.0%

Consolidated

Belongings below administration

233,616

228,417

2.3%

Different belongings below advisement

28,544

27,726

3.0%

Belongings below administration and advisement(4)

262,160

256,143

2.3%

Preliminary common belongings below administration and advisement for the quarter up to now are set out in Desk 3.

Desk 3 – Common Belongings below Administration and Advisement

($ hundreds of thousands) (unaudited)

Quarter up to now 2021

Wealth Administration

IG Wealth Administration

Belongings below administration

103,068

Different belongings below advisement

6,599

Belongings below advisement

109,667

IPC

Belongings below administration

5,402

Different belongings below advisement

25,124

Belongings below advisement

30,526

Complete

Belongings below administration

108,470

Different belongings below advisement

31,713

Belongings below advisement

140,183

Asset administration

Mackenzie(2)

Mutual funds

60,100

ETFs

4,523

Funding funds

64,623

Institutional SMA

54,698

Complete

119,321

Sub-advisory to Wealth Administration

77,261

Complete

196,582

ETFs distributed to 3rd events

4,523

ETFs held inside IGM managed merchandise

5,508

Complete ETFs

10,031

Consolidated

Belongings below administration

227,791

Different belongings below advisement

27,616

Belongings below administration and advisement(5)

255,407

*

Throughout June 2020, an institutional investor bought into Mackenzie ETFs leading to web new cash of $370 million which is excluded from figures introduced.

Throughout the second quarter of 2020 Mackenzie onboarded $2.6 billion of sub-advisory and institutional wins from varied purchasers. These wins had been unfold throughout a various vary of funding methods, together with World Fairness, U.S. Fairness, Fastened Earnings and Forex Overlay methods.

1

ETF web creations excludes $129.5 million in ETF web creations to IGM managed merchandise.

2

Excludes sub-advisory to Wealth Administration phase.

3

$42.7 million in Mackenzie funding fund web flows by way of the Wealth Administration phase have been eradicated on consolidation.

4

Inside complete belongings below administration and advisement, $4.3 billion in Mackenzie funding funds distributed by way of the Wealth Administration phase eliminates on consolidation at June 30, 2021. ($4.1 billion at Could 31, 2021).

5

Inside common complete belongings below administration and advisement, $4.1 billion in Mackenzie mutual funds distributed by way of the Wealth Administration phase eliminates on consolidation.

Glossary of Phrases

Mutual fund product sales, web gross sales and belongings below administration mirror the outcomes of the mutual funds managed by the respective working corporations, and within the case of the Wealth Administration phase additionally embody different discretionary portfolio administration companies supplied by the working corporations, together with individually managed account applications.

“ETF’s” symbolize trade traded funds managed by Mackenzie.

Institutional SMA represents funding advisory and sub-advisory mandates to institutional buyers by way of individually managed accounts.

“Different seller web flows” and “different belongings below advisement” represents monetary financial savings merchandise held inside consumer accounts on the Wealth Administration working corporations that aren’t invested in merchandise or applications the place these working corporations carry out funding administration actions. These financial savings merchandise embody funding funds managed by third events, direct funding in fairness and glued revenue securities and deposit merchandise.”

“Belongings below advisement” represents all financial savings merchandise held inside consumer accounts on the Wealth Administration working corporations.

“Web flows” represents the overall web contributions, in money or in type, to consumer accounts on the Wealth Administration working corporations and the general web gross sales to the Asset Administration phase.

“Wealth Administration” – Displays the actions of working corporations which can be principally targeted on offering monetary planning and associated companies to Canadian households. This phase consists of the actions of IG Wealth Administration and Funding Planning Counsel. These companies are retail distribution organizations who serve Canadian households by way of their securities sellers, mutual fund sellers and different subsidiaries licensed to distribute monetary services and products. The vast majority of the revenues of this phase are derived from offering monetary recommendation and distributing monetary services and products to Canadian households. This phase additionally consists of the funding administration actions of those organizations, together with mutual fund administration and discretionary portfolio administration companies.

“Asset Administration” – Displays the actions of working corporations primarily targeted on offering funding administration companies, and represents the operations of Mackenzie Investments. Funding administration companies are supplied to a set of funding funds which can be distributed by way of third get together sellers and monetary advisors, and in addition by way of institutional advisory mandates to pension and different institutional buyers.

IGM Monetary Inc. is one among Canada’s main diversified wealth and asset administration corporations with roughly $262 billion in complete belongings below administration and advisement. The corporate offers a broad vary of monetary planning and funding administration companies to assist greater than two million Canadians meet their monetary targets. Its actions are carried out principally by way of IG Wealth Administration, Mackenzie Investments and Funding Planning Counsel. IGM Monetary is a member of the Energy Company group of corporations.

SOURCE IGM Monetary Inc.

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