Canadians mourn the loss of Herb Carnegie

WINNIPEG, March 12, 2012 /CNW/ - Investors Group management, staff and Consultants join countless Canadians in mourning the loss of Herb Carnegie. A recipient of the Order of Canada, Carnegie was an Investors Group Consultant for 32 years following the conclusion of his hockey career.

"Herb Carnegie's life stands as a model for us all," said Murray Taylor, CEO of Investors Group. "His dedication, determination and selflessness remind us of how a meaningful life is well lived. We are deeply saddened by his passing, grateful for having known him and proud of our association with him."

During his career with Investors Group, he combined a lifetime passion for care and concern of young people with the highest principles of business excellence. In 2003, Investors Group established the Herbert H. Carnegie Community Service Award recognizing individuals who demonstrate extraordinary long-term dedication and service to their community, along with outstanding business excellence and personalized client service.

In addition to his renowned hockey skills and his business success, Herb is perhaps best known for establishing the Future ACES philosophy, which encourages youth in their development of ethical behaviour and attainment of the highest level of educational achievement within their capabilities. In honour of Herb's life and achievements, Investors Group is proud to provide the Future ACES program with a special contribution in his memory.

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4,600 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $124 billion in total assets under management as of February 29, 2012.

For further information:

Media Contact:

Ron Arnst

Investors Group

(204) 956-3364

ron.arnst@investorsgroup.com