advisement 115,873 116,281 (0.4)
Investment Planning Counsel
Assets under
management (3) 4,834 5,201
Other assets
under advisement 26,092 26,533
Assets under
advisement 30,926 31,734 (2.5)
Asset Management (Mackenzie
Investments)
Mutual funds 56,490 60,291
ETFs (4) 5,086 5,848
Investment funds 61,576 66,139
Institutional SMA 6,826 7,090
Sub-advisory to
Canada Life 48,582 51,502
Third party AUM 116,984 124,731
Sub-advisory and
AUM to Wealth
Management 76,785 80,814
Total assets
under management 193,769 205,545 (5.7)
Net Flows Asset
($ millions) Wealth Management
Management (5)
IG Wealth Investment Mackenzie Intersegment Total
Management Planning Investments Eliminations (2)
Counsel
For the three months ended
March 31, 2023
Mutual fund net sales (3) $ (273) $ 54 $ 86 $ - $ (133)
ETF net creations - - (14) - (14)
Investment fund net sales (273) 54 72 - (147)
Institutional SMA net sales - - 98 - 98
IGM product net sales (273) 54 170 - (49)
Other dealer net flows 777 259 - 3 1,039
Total net flows 504 313 170 3 990
(1) Non-IFRS Financial Measures:
2023 adjusted net earnings excluded a gain on the
sale of a portion of the Company's investment in Lifeco
of $174.8 million after-tax ($179.1 million pre-tax).
(2) Consolidated results eliminate double counting where
business is reflected within multiple segments.
(3) Includes separately managed accounts.
(4) Total ETFs in the Asset Management section including
ETFs held within IGM investment funds were $12.8 billion
at March 31, 2023 compared to $12.9 billion at March
31, 2022.
(5) Asset Management flows activity excludes sub-advisory
to Canada Life and the Wealth Management segment.
SOURCE IGM Financial Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/03/c1320.html
/CONTACT:
Media Relations: Nini Krishnappa, 647-828-2553, Nini.krishnappa@igmfinancial.com; Investor Relations: Kyle Martens, 204-777-4888, investor.relations@igmfinancial.com
Copyright CNW Group 2023
(END) Dow Jones Newswires
May 03, 2023 20:53 ET (00:53 GMT)
