WINNIPEG, ALBERTA -- (Marketwire) -- 07/03/09 -- IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary total mutual fund net new money in June of ($63.5) million as shown in Table 1. Total assets under management were $109.7 billion at June 30, 2009, up from $101.7 at December 31, 2008 and compared to $119.7 billion at June 30, 2008. Mutual fund assets under management were $91.6 billion as at June 30, 2009, up from $85.0 billion at December 31, 2008 and compared to $104.8 billion at June 30, 2008. Assets under management are shown in Table 2.

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Table 1 - Mutual Funds
 Net New Money(i)                          June 2009
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(millions) (unaudited)   Investors            Counsel Group         IGM
                             Group  Mackenzie      of Funds   Financial
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All Mutual Funds
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  Gross Sales               $411.0     $470.3         $27.9      $909.2
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  Net New Money(i)           ($3.8)    ($69.0)         $9.3(1)   ($63.5)(1)
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Long Term Mutual Funds
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  Gross Sales               $329.4     $374.8         $23.0      $727.2
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  Net New Money(i)            $2.6     ($45.0)         $7.7(1)   ($34.7)(1)
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(i) Mutual Fund Net New Money is defined as Gross Sales less Gross
    Redemptions and is consistent with the terminology used by The
    Investment Funds Institute of Canada (IFIC).

(1) includes $15.0 million in net new money of Counsel Group of Funds
    mutual funds invested in other managers' funds.


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Table 2 - Assets under Management                                 % Change
(billions) (unaudited)            June 30, 2009   June 30, 2008        YOY
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Mutual Funds
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  Investors Group                        $52.50          $59.01      (11.0)
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  Mackenzie                              $37.23          $43.65      (14.7)
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  Counsel Group of Funds                  $1.84(2)        $2.14(2)   (14.0)
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Mutual Fund Assets under
 Management                              $91.57         $104.80      (12.6)
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Private, institutional,
 sub-advised and
 other - Mackenzie                       $18.08(3)       $14.87(3)    21.6
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Total Assets under
 Management                             $109.65         $119.67       (8.4)
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(2) includes $208 million (2008 - $504 million) of Counsel mutual fund
    assets invested in other managers' funds.


Preliminary average mutual fund assets under management and average total
assets under management for the quarter to date are set out in Table 3.

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Table 3 - Average Assets under Management(4)
(billions) (unaudited)                                   Quarter to Date
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Mutual Funds
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  Investors Group                                                 $50.43
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  Mackenzie                                                       $36.00
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  Counsel Group of Funds                                           $1.78
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Average Mutual Funds Assets under Management                      $88.21
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Private, institutional, sub-advised
and other - Mackenzie                                             $17.84(3)
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Total Average Assets under Management                            $106.05
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(3) excludes assets managed by Mackenzie and Investment Planning Counsel
    on behalf of Investors Group.
(4) based on daily average mutual fund assets and month-end average
    private, institutional, sub-advisory and other assets.

For more information on mutual fund activity, please refer to press releases issued by Investors Group Inc., Mackenzie Investments and Investment Planning Counsel Inc.

Additional information about mutual fund assets and fund flows will be available on the Investment Funds Institute of Canada (IFIC) web site (www.ific.ca) on approximately the 15th of each month as part of a Canadian industry-wide release of monthly statistics.

IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $109 billion in total assets under management. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.