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IGM FINANCIAL Announced September 2024 AUM and Advisement and Net Flows
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IGM FINANCIAL Announced September 2024 AUM and Advisement and Net Flows
Oct 4, 2024 8:14 AM

07:15 AM EDT, 10/04/2024 (MT Newswires) -- IGM Financial Inc. ( IGIFF ) , trading near 52 week highs, overnight Thursday reported total assets under management and advisement of $264.9 billion at September 30, 2024, up 16.5% from $227.4 billion at September 30, 2023. It said total consolidated net outflows were $192 million during September 2024.

Among September highlights, at IGM Financial ( IGIFF ) record high assets under management & advisement of $264.9 billion were up 1.7% in the month. Total net outflows were $192 million compared to net outflows of $383 million in September 2023. Investment fund net redemptions were $119 million compared to net redemptions of $544 million in September 2023.

At IG Wealth Management (IGWM), record high assets under advisement of $136.4 billion were up 1.8% in the month. Investment fund net sales were $12 million up from net redemptions of $307 million in September 2023. Total net inflows were $69 million up from net outflows of $168 million in September 2023.

At Mackenzie Investments, record high assets under management of $212.1 billion were up 1.7% in the month. Investment fund net redemptions were $131 million compared to net redemptions of $237 million in September 2023. Total net redemptions were $261 million compared to net redemptions of $215 million in September 2023.

IGM, with a 52 week high of $41.34, eased $0.30 or 0.7% to $40.89 on the TSX yesterday,

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