The Winnipeg-based firm has posted strong performance compared to the last quarter and the previous year
Winnipeg-based asset manager IGM Financial has reported strong figures for the quarter ended June 30, 2021.
Its preliminary total consolidated net flows for June were $694 million while total assets under management (AUM) and advisement (AUA) surpassed $262 billion, up from $256 billion in the previous quarter and well above the $188 billion of June 2020. That’s a 2.3% gain month-over-month and a 9.3% gain year-over-year and a new record high.
The firm saw record high investment fund net sales of $711 million during June 2021 up from $276 million in 2020 and record high investment fund net sales of $1.9 billion during the quarter up from $494 million in 2020.
There were record highs for IG Wealth with AUM/AUA gaining 2.3% in the month and 8.6% year-over-year to $112.2 billion. Net inflows were also at a record high of $299 million compared with net outflows of $43 million a year earlier. The quarter saw record high net inflows of $670 million, up from net outflows of $62 million in 2020.
Mackenzie
For its Mackenzie business unit, the firm reported record high assets under management of $201.7 billion, up 2.2% in the month and up 8.9% year to date. Total net flows of $461 million up from $325 million in June 2020.
Mackenzie’s June investment fund net sales were $535 million including $445 million that was retail. In 2020, net sales of $337 million included $230 million that was retail. For the quarter there were record high investment fund net sales of $1.7 billion including $1.4 billion that was retail, up from $579 million in 2020 of which $409 million was retail.
Total net flows of $1.9 billion in the quarter was down from $3.1 billion in 2020.
