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IGM Financial Inc. Announces June 2020 Investment Fund Sales and Total Assets Under Management and IG Wealth Management Assets Under Administration and Client Net Flows

WINNIPEG, MB, July 3, 2020 /CNW/ -A IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary total investment fund net new money of $646 million as shown in Table 1. Investment fund assets under management were $157.8 billion at June 30, 2020, compared with $155.7 billion at May 31, 2020 and $156.3 billion at June 30, 2019. Total assets under management were $165.4 billion at June 30, 2020, compared with $163.2 billion at May 31, 2020 and $162.3 billion at June 30, 2019. Assets under management are shown in Table 2.
IGM Financial Inc. Announces June 2020 Investment Fund Sales and Total Assets Under Management and IG Wealth Management Assets Under Administration and Client Net Flows
Investment fund net new money includes gross sales of $1.5 billion and net new money of $646 million compared to gross sales of $1.5 billion and net new money of $1.1 million in June 2019. IG Wealth Management reported preliminary assets under administration of $93.6 billion at June 30, 2020 compared to $92.6 billion at May 31, 2020 and $93.7 billion at June 30, 2019. Net client outflows were $43 million during June 2020 compared to net client outflows of $74 million in June 2019. Mackenzie Investments reported investment fund net inflows of $756 million in June 2020 compared to net inflows of $164 million in June 2019.
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