WINNIPEG, MB, Aug. 6, 2026 /CNW/ -- IGM Financial Inc. $(IGM)$ (TSX: IGM) today reported total assets under management and advisement of $340.8 billion at July 31, 2026, up 18.4% from $287.9 billion at July 31, 2025. Total consolidated net inflows were $432 million in July 2026.
JULY HIGHLIGHTS
IGM Financial -- Assets under management & advisement of $340.8 billion, compared to $343.3 billion in the prior month. Total net inflows were $432 million, compared to net inflows of $1.1 billion in July 2025. Investment fund net sales were $324 million, compared to net sales of $375 million in July 2025.
IG Wealth Management (IGWM) -- Assets under advisement of $175.8 billion, compared to $176.6 billion in the prior month. Total net inflows were $274 million, up from net inflows of $203 million in July 2025. Investment fund net sales were $226 million, up from net sales of $190 million in July 2025. Gross inflows and gross sales were each $1.6 billion for the month.
Mackenzie Investments -- Assets under management of $266.8 billion, compared to $268.8 billion in the prior month. Total net sales were $158 million, compared to net sales of $910 million in July 2025, reflecting the onboarding of a large institutional client in the prior year(3) . Investment fund net sales were $98 million, compared to net sales of $185 million in July 2025.
Table 1 - Gross and Net FlowsPlease see www.igmfinancial.com for file with
trended
history.
Wealth Management Asset Management
($ millions) IG Wealth Mackenzie IGM
(unaudited) Management Investments Financial
For the month ended July 31, 2026
Net flows
Mutual fund net
sales 226 (70) 156
ETF net creations 168 168
Investment fund net
sales 226 98 324
Institutional SMA
net sales 60(1) 60
Managed asset net
sales 226 158 384
Other net flows 48 48
Net flows 274 158 432
Gross flows
Mutual fund gross
sales 1,618 1,002 2,620
Dealer gross
inflows 1,555 1,555
Table 2 -- Assets under Management and Advisement
($ millions) (unaudited) July June % Change
2026 2026 Last Month
Wealth Management
IG Wealth Management
Assets under management 152,181 152,925 (0.5 %)
Other assets under advisement 23,635 23,654 (0.1 %)
Assets under advisement 175,816 176,579 (0.4 %)
Non-fee-bearing assets (2,590) (2,725) (5.0 %)
Assets under advisement excl. non-fee-bearing
assets 173,226 173,854 (0.4 %)
Asset Management
Mackenzie Investments
Mutual funds 69,643 70,222 (0.8 %)
ETFs 15,415 15,333 0.5 %
Investment funds 85,058 85,555 (0.6 %)
Institutional SMA 19,670 19,899 (1.2 %)
Sub-advisory to Canada Life 60,242 61,291 (1.7 %)
Total Institutional SMA 79,912 81,190 (1.6 %)
Total third party assets under management 164,970 166,745 (1.1 %)
Sub-advisory and AUM to Wealth Management 101,789 102,090 (0.3 %)
Total 266,759 268,835 (0.8 %)
ETFs distributed to third parties 15,415 15,333 0.5 %
ETFs held within IGM managed products 14,762 14,591 1.2 %
Total ETFs 30,177 29,924 0.8 %
Total
Assets under management 317,151 319,670 (0.8 %)
Other assets under advisement 23,635 23,654 (0.1 %)
Assets under management and advisement 340,786 343,324 (0.7 %)
Non-fee-bearing assets (2,590) (2,725) (5.0 %)
Assets under management and advisement excl.
non-fee-bearing 338,196 340,599 (0.7 %)
Table 3 -- Average Assets under Management and
Advisement
($ millions) (unaudited) Quarter to date 2026
Wealth Management
IG Wealth Management
Assets under management 152,464
Other assets under advisement 23,723
Assets under advisement 176,187
Non-fee-bearing assets (2,710)
Assets under advisement excl. non-fee-bearing assets(2) 173,477
Asset Management
Mackenzie Investments
Mutual funds 69,777
ETFs 15,399
Investment funds 85,176
Institutional SMA 19,784
Sub-advisory to Canada Life 60,775
Total Institutional SMA 80,559
Total third party assets under management 165,735
Sub-advisory and AUM to Wealth Management 101,929
Total 267,664
ETFs distributed to third parties 15,399
ETFs held within IGM managed products 14,679
Total ETFs 30,078
Total
Assets under management 318,199
Other assets under advisement 23,723
Assets under management and advisement 341,922
Non-fee-bearing assets (2,710)
Assets under management and advisement excl.
non-fee-bearing 339,212
(1) Excludes sub-advisory to Canada Life and the Wealth
Management segment.
(2) The figures shown for IG Wealth Management assets
under advisement reflect a daily average. For reference,
the simple quarterly average excluding non-fee-bearing
assets based on month end values is $173,540 million.
(3) During July 2025, Mackenzie onboarded an institutional
award of $614 million. Additionally, there were net
purchases of $151 million during July 2025 within
the suite of products that Mackenzie sub-advises.
Glossary of Terms
Assets Under Management and Advisement (AUM&A) represent the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses.
Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses.
Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities.
Non-fee-bearing assets are institutional client assets held by IG Wealth Management for which the company does not earn ongoing advisory fees under the current service arrangement. These assets are included for reporting completeness but do not contribute to recurring fee revenue.
Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs.
ETFs represent exchange traded funds managed by Mackenzie.
Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts.
Other net flows and Other assets under advisement represent financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products.
Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment.