WINNIPEG, MB, Dec. 4, 2024 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management and advisement of $273.4 billion at November 30, 2024, up 16.4% from $234.9 billion at November 30, 2023(1). Total consolidated net inflows were $50 million during November 2024.
NOVEMBER HIGHLIGHTS
IGM Financial – Assets under management & advisement of $273.4 billion compared to $264.8 billion in the prior month. Total net inflows were $50 million up from net outflows of $396 million in November 2023(2). Investment fund net redemptions were $97 million up from net redemptions of $633 million in November 2023(2).
TORONTO, Nov. 27, 2024 /CNW/ - Today, Mackenzie Investments ("Mackenzie") released its 2025 Market Outlook. It includes insights and commentary for financial advisors and investors about the key trends impacting Canadian and global markets, and investable themes for the year ahead.
Mackenzie anticipates that 2025 will be marked by both opportunities and challenges, with stabilized economic growth driven by steady inflation for most major developed economies and lower interest rates from the majority of central banks. While the stage is seemingly set for a favourable investment landscape, the outcome of the 2024 U.S. presidential election could still bring significant ramifications for various economies worldwide with changes to U.S. tariffs, tax rates, deregulation and immigration policies.
TORONTO, Nov. 25, 2024 /CNW/ - Mackenzie Investments today announced the November 2024 monthly cash distributions for its Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange (TSX) and Cboe Canada. Unitholders of record on December 2, 2024 will receive cash distributions payable on December 9, 2024.
Details of the per-unit distribution amounts are as follows:
WINNIPEG, MB, Nov. 21, 2024 /CNW/ - According to the seventh annual edition of the IG Wealth Management Financial Confidence Index ("the Index"), 2024 has brought financial stability to Canadians after years of volatility. However, the Index also revealed that many are concerned about what 2025 could have in store for them and showed a clear regional divide in Canadians' financial confidence.
WINNIPEG, MB, Nov. 15, 2024 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today announced it has been recognized as one of Canada's Top 100 Employers by Mediacorp Canada Inc (Mediacorp). This is the fourth year that Mediacorp has recognized the IGM family of companies in this ranking.
Compiled and published annually, the ranking recognizes the top 100 employers in Canada that offer exceptional workplaces for their employees.
TORONTO, Nov. 15, 2024 /CNW/ - Mackenzie Investments today announced the estimated year-end reinvested distributions for its exchange-traded funds ("ETFs") that trade on the Toronto Stock Exchange ("TSX") and Cboe Canada ("Cboe") for the 2024 tax year. Please note that these are estimated amounts only as of October 15, 2024. These amounts reflect forward looking information and the actual reinvested distributions may differ materially from these estimates.
Readers are referred to the disclaimer regarding Forward-Looking Statements, Non-IFRS Financial Measures and Other Financial Measures at the end of this Release.
WINNIPEG, MB, Nov. 7, 2024 /CNW/ - IGM Financial Inc. (IGM or the Company) (TSX: IGM) today announced earnings results for the third quarter of 2024.
IGM HIGHLIGHTS
Net earnings of $239.2 million compared to $209.8 million in the third quarter of 2023. Earnings per share of $1.01 compared to $0.88 in the third quarter of 2023.Adjusted net earnings1 were $244.1 million for the third quarter of 2024 compared to $220.5 million in the third quarter of 2023, an increase of 10.7%. Adjusted earnings per share1 were $1.03 for the third quarter of 2024 compared to $0.92 in the third quarter of 2023.Record high assets under management and advisement of $264.9 billion, up 16.5% from the third quarter of 20232 and up 4.9% from the prior quarter.IGM's assets under management and advisement including strategic investments were $461.6 billion compared with $431.7 billion at June 30, 2024 and $373.8 billion at September 30, 2023.2Net outflows were $272 million compared to net outflows of $709 million in 2023.2Increase in the value of IGM's investment in Wealthsimple Financial Corp. by $384 million ($1.62 per IGM share) in the quarter to $1.2 billion.WINNIPEG, MB, Nov. 7, 2024 /CNW/ - IG Wealth Management ("IG") today announced that its investment management team has received seven 2024 LSEG Lipper Fund Awards for investment performance across a range of equity and fixed income categories.
For more than three decades, the annual LSEG Lipper Fund Awards have highlighted funds and fund managers that have excelled in delivering consistently strong risk-adjusted performance relative to their peers based on an objective and proprietary quantitative methodology. These prestigious awards recognize a truly independent and uncompromised assessment of fund performance.
WINNIPEG, MB, Nov. 5, 2024 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management and advisement of $264.8 billion at October 31, 2024, up 18.0% from $224.4 billion at October 31, 2023(1). Total consolidated net inflows were $196 million during October 2024.
OCTOBER HIGHLIGHTS
IGM Financial – Assets under management & advisement of $264.8 billion compared to $264.9 billion in the prior month. Total net inflows were $196 million up from net outflows of $327 million in October 2023(2). Investment fund net sales were $35 million up from net redemptions of $732 million in October 2023(2).
TORONTO, Oct. 25, 2024 /CNW/ - Mackenzie Investments today announced the October 2024 monthly cash distributions for its Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange (TSX) and Cboe Canada. Unitholders of record on November 1, 2024 will receive cash distributions payable on November 8, 2024.
Details of the per-unit distribution amounts are as follows:
TORONTO, Oct. 11, 2024 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the following final reinvested distributions (the "Final Reinvested Distributions") for the completed mergers and termination of the Exchange Traded Funds ("ETFs") listed below.
The mergers and termination, initially announced on June 20, 2024, were completed on September 27, 2024. In all cases, these Final Reinvested Distributions were not paid in cash, but have been reinvested and the resulting securities immediately consolidated. The number of securities held by each investor has not changed. The distributions were reinvested on September 27, 2024, to securityholders of record on September 26, 2024.
WINNIPEG, MB, Oct. 3, 2024 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today 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(1). Total consolidated net outflows were $192 million during September 2024.
SEPTEMBER HIGHLIGHTS
IGM Financial – 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(2). Investment fund net redemptions were $119 million compared to net redemptions of $544 million in September 2023(2).
TORONTO, Oct. 2, 2024 /CNW/ - Mackenzie Investments ("Mackenzie") today announced additional information regarding the termination and mergers of select exchange traded funds ("ETF") that were initially announced June 20, 2024.
ETF Termination
The units of the following Terminating ETF were delisted from the Toronto Stock Exchange on September 26, 2024. The proceeds from the liquidation of the assets, less all liabilities and expenses incurred in connection with the termination of the Terminating ETF (the "Termination Proceeds"), were determined on September 30, 2024, and are as follows:
IG parent company, IGM Financial, also purchases equity stake in ClearEstate
WINNIPEG, MB and TORONTO, Oct. 1, 2024 /CNW/ - IG Wealth Management (IG) today announced a new strategic partnership with ClearEstate, a leading Canadian fin-tech company that offers comprehensive and modern estate planning and settlement services tailored to each client's individual needs. Further, the companies also announced that IGM Financial (IGM), IG's parent company, has made an equity investment in ClearEstate, further strengthening the relationship.
WINNIPEG, MB, Sept. 30, 2024 /CNW/ - IGM Financial Inc. (TSX: IGM) will announce its third quarter 2024 results after markets close on Thursday, November 7, 2024.
A live webcast of IGM Financial's third quarter 2024 results conference call will be available at Quarterly reporting (igmfinancial.com) on Friday, November 8 at 7am CT/8am ET.
James O'Sullivan, President and Chief Executive Officer, IGM Financial Inc., Luke Gould, President and Chief Executive Officer, Mackenzie Investments, Damon Murchison, President and Chief Executive Officer, IG Wealth Management and Keith Potter, Executive Vice-President and Chief Financial Officer, IGM Financial Inc., will participate in the call.
WINNIPEG, MB, Sept. 24, 2024 /CNW/ - James O'Sullivan, President and CEO, IGM Financial Inc. (TSX: IGM) will participate in a fireside chat session at the 23rd Annual CIBC Eastern Institutional Investor Conference on Thursday, September 26. He is scheduled to speak at 8:35am ET.
An archived version of the conversation will be available on the Investor Relations Events and Presentations section of IGM Financial Inc.'s website following the event.
TORONTO, Sept. 24, 2024 /CNW/ - Mackenzie Investments today announced the September 2024 monthly cash distributions for its Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange (TSX) and Cboe Canada. Unitholders of record on October 1, 2024 will receive cash distributions payable on October 8, 2024.
Details of the per-unit distribution amounts are as follows:
TORONTO, Sept. 23, 2024 /CNW/ - Mackenzie Investments ("Mackenzie") today announced changes to the risk rating of two mutual funds, effective September 23, 2024.
Mackenzie reviews and adjusts risk ratings in accordance with the Risk Classification Methodology mandated by Canadian securities regulators. The risk rating of the following mutual funds will change as outlined below. The changes will be effective September 23, 2024.
Firm adds new multi-sector fixed income mandate, retail fund and world-class money manager partner
WINNIPEG, MB, Sept. 23, 2024 /CNW/ - IG Wealth Management ("IG") today announced the addition of a new multi-sector fixed income mandate to the iProfile Fixed Income Private Pool ("the Pool"), as well as the launch of a new retail fund, the IG Manulife Strategic Income Fund ("the Fund"), to its product shelf. These additions are intended to enhance both the product and asset management diversification of IG's fixed income offerings.
TORONTO, Sept. 20, 2024 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the following estimated reinvested distributions (the "Estimated Reinvested Distributions") in respect of the upcoming mergers and termination for the Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange (TSX). The mergers and termination, which will take place on or about September 27, 2024, were first announced in June 2024. In all cases, these Estimated Reinvested Distributions will be reinvested on or about September 27, 2024, to unitholders of record on September 26, 2024.
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