IGM Financial Inc. Announces June 2018 Investment Fund Sales and Total Assets Under Management

¹

Consolidated results eliminate double counting where business is reflected in multiple segments

-

Exchange traded funds ("ETF") exclude $21.8 million in net new money by Investors Group
and IPC mutual fund investments in ETFs.

²

During June 2018, institutional clients and third party programs which include Mackenzie mutual funds
madefund allocation changes which resulted in sales of $366.7 million and redemptions of $366.7 million.

³

Excludes $46.6 million of net new money in ETFs by Mackenzie mutual funds.

⁴

IPC Private Wealth Program mutual funds are excluded from net new money.

*Mutual Fund Net New Money is defined as Gross Sales less Gross Redemptions and is consistent with the
terminology used in the Management Discussion and Analysis (MD&A) issued by IGM Financial.

 ⁵

Mackenzie sub-advisory mandates to Investment Planning Counsel mutual funds and investment in
Mackenzie investment funds by mutual funds managed by Investors Group or Investment Planning Counsel
are reported within Mackenzie's results and are eliminated within IGM Financial consolidated results:

-

Amounts eliminated within IGM Financial consolidated total assets were $2.1 billion at June 30, 2018
($2.1 billion at May 31, 2018 and $1.2 billion at June 30, 2017).

-

Amounts eliminated within IGM Financial consolidated investment fund assets were $539.1 million at
June 30, 2018 ($511.8 million at May 31, 2018).

⁶

Mackenzie investment funds total assets under management exclude Mackenzie mutual fund investment
in ETFs of $750.4 million as at June 30, 2018 ($705.5 million as at May 31, 2018 and $281.6 million at
June 30, 2017).

⁷

IPC's total assets under management includes Counsel Mutual Funds and the Private Wealth Program.

⁸

Based on daily average investment fund assets and month-end average institutional, sub-advisory
and other assets.

⁹

Mackenzie sub-advisory mandates to Investment Planning Counsel mutual funds and investment in
Mackenzie investment funds by mutual funds managed by Investors Group or Investment Planning
Counsel are reported within Mackenzie's results and are eliminated within IGM Financial consolidated results:

-

Amounts eliminated within IGM Financial consolidated total assets were $2.1 billion at June 30, 2018.

-

Amounts eliminated within IGM Financial consolidated investment fund assets were $485.8 million at
June 30, 2018.

¹⁰

Mackenzie investment funds total assets under management exclude Mackenzie mutual fund investment
in ETFs of $710.4 million as at June 30, 2018.

¹¹

IPC's total assets under management includes Counsel Mutual Funds and the Private Wealth Program.