11:53 AM EST, 03/05/2024 (MT Newswires) -- IGM Financial Inc. ( IGIFF ) on Tuesday reported preliminary total consolidated net inflows of $343.3 million in February, as compared with net inflows of $783 million in February 2023.

Total assets under management and advisement were $247.5 billion at Feb. 29, 2024, up from $241.2 billion at Jan. 31, 2024, and $231.9 billion at Feb. 28, 2023.

The company reported investment fund net sales of $165 million, as compared with net sales of $316 million in February 2023.

For IG Wealth Management, the company reported assets under advisement of $125.4 billion, up 2.9% in the month. Total net inflows were $361 million, as compared with net inflows of $488 million in February 2023.

For Mackenzie, the company said assets under management were $200.6 billion, up 2.3% in the month. Investment fund net sales were $5 million, as compared with net sales of $209 million in February 2023.

Total net redemptions were $18 million versus net sales of $295 million in February 2023.

The company's shares slipped 0.03% on last look on Tuesday.

Price: 35.58, Change: -0.02, Percent Change: -0.06