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IGM Financial Up 6% After Detailing April 2024 Assets Under Management & Advisement And Net Flows
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IGM Financial Up 6% After Detailing April 2024 Assets Under Management & Advisement And Net Flows
May 3, 2024 1:03 PM

03:46 PM EDT, 05/03/2024 (MT Newswires) -- IGM Financial Inc. ( IGIFF ) was at last look up 6% on Friday after it reported total assets under management and advisement of $246.7 billion at April 30, 2024, compared with $252.2 billion at March 31, 2024, and $236.5 billion at April 30, 2023.

Total consolidated net outflows were $253 million during April 2024, a statement said.

For IGM Financial ( IGIFF ), assets under management & advisement of $246.7 billion were down 2.2% in the month. Total net outflows were $253 million compared to net outflows of $499 million in April 2023. Investment fund net redemptions were $471 million compared to net redemptions of $321 million in April 2023.

IG Wealth Management in April had assets under advisement of $125.7 billion, down 1.9% in the month. Total net outflows were $192 million compared to net outflows of $252 million in April 2023.

Mackenzie showed assets under management of $198.9 billion, down 2.3% in the month. Investment fund net redemptions were $202 million compared to net redemptions of $89 million in April 2023. Total net redemptions were $61 million compared to net redemptions of $247 million in April 2023.

Price: 37.90, Change: +2.17, Percent Change: +6.07

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