IGM FINANCIAL INC. ANNOUNCES JANUARY 2026 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

WINNIPEG, MB, Feb. 4, 2026 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $316.1 billion at January 31, 2026, up 13.7% from $278.1 billion at January 31, 2025. Record high total consolidated net inflows were $3.7 billion during January 2026.

JANUARY HIGHLIGHTS

IGM Financial – Assets under management & advisement of $316.1 billion compared to $310.1 billion in the prior month.  Total net inflows were $3.7⁽²⁾ billion up from net outflows of $51 million in January 2025. Investment fund net sales were $980 million up from net sales of $338 million in January 2025.

IG Wealth Management (IGWM) – Assets under advisement of $163.8 billion compared to $158.9 billion in the prior month.  Total net inflows were $3.4 billion⁽²⁾ up from net inflows of $113 million in January 2025. Investment fund net sales were $705 million compared to net sales of $404 million in January 2025. Gross inflows totaled $4.9 billion, while gross sales were $2.3 billion for the month.

Mackenzie Investments – Assets under management of $246.7 billion compared to $244.0 billion in the prior month.  Total net sales of $273 million up from net redemptions of $164 million in January 2025. Investment fund net sales were $276 million up from net redemptions of $66 million in January 2025.

Table 1 - Gross and Net Flows  Please see www.igmfinancial.com for file with trended history.
		Wealth Management		Asset Management
($ millions) (unaudited)		IG Wealth Management		Mackenzie Investments	IGM Financial
For the month ended January 31, 2026
Net flows
	Mutual fund net sales	704.5		(203.0)	501.5
	ETF net creations			478.7	478.7
	Investment fund net sales	704.5		275.7	980.2
	Institutional SMA net sales			(2.4)^(1)	(2.4)
	Managed asset net sales	704.5		273.3	977.8
	Other net flows	2,687.9^(2)			2,687.9
Net flows		3,392.4		273.3	3,655.7
Gross flows
	Mutual fund gross sales	2,309.0		1,352.3	3,661.3
	Dealer gross inflows	4,855.7			4,855.7

Table 2 – Assets under Management and Advisement
($ millions) (unaudited)	January  2026	December  2025	% Change Last Month
Wealth Management
IG Wealth Management
Assets under management	140,936	138,748	1.6 %
Other assets under advisement	22,905	20,193	13.4 %
Assets under advisement^(2)	163,841	158,941	3.1 %
Asset management
Mackenzie Investments
Mutual funds	66,297	65,671	1.0 %
ETFs	13,052	12,462	4.7 %
Investment funds	79,349	78,133	1.6 %
Institutional SMA	15,033	14,491	3.7 %
Sub-advisory to Canada Life	57,908	58,525	(1.1 %)
Total Institutional SMA	72,941	73,016	(0.1 %)
Total third party assets under management	152,290	151,149	0.8 %
Sub-advisory and AUM to Wealth Management	94,388	92,837	1.7 %
Total	246,678	243,986	1.1 %
ETF's distributed to third parties	13,052	12,462	4.7 %
ETF's held within IGM managed products	11,964	11,672	2.5 %
Total ETFs	25,016	24,134	3.7 %
Total
Assets under management	293,226	289,897	1.1 %
Other assets under advisement	22,905	20,193	13.4 %
Assets under management and advisement	316,131	310,090	1.9 %

Table 3 – Average Assets under Management and Advisement
($ millions) (unaudited)	Quarter to date 2026
Wealth Management
IG Wealth Management
Assets under management	141,571
Other assets under advisement	21,244
Assets under advisement^(3)	162,815
Asset Management
Mackenzie Investments
Mutual funds	66,892
ETFs	12,995
Investment funds	79,887
Institutional SMA	14,762
Sub-advisory to Canada Life	58,218
Total Institutional SMA	72,980
Total third party assets under management	152,867
Sub-advisory and AUM to Wealth Management	93,916
Total	246,783
ETFs distributed to third parties	12,995
ETFs held within IGM managed products	11,872
Total ETFs	24,867
Total
Assets under management	294,438
Other assets under advisement	21,244
Assets under management and advisement	315,682

¹    Excludes sub-advisory to Canada Life and the Wealth Management segment.

²    $3,290 million of net flows relates to IG Wealth Management institutional client flows. $3,088 million of ending AUA consists of institutional client assets, $2,843 million of which is non-fee bearing.

³    The figures shown for IG Wealth Management assets under advisement reflect a daily average.  For reference, the simple quarterly average based on month end values is $161,391 million.

Glossary of Terms

Assets Under Management and Advisement (AUM&A) represents 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.

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.

ETF's 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 represents 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.

Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services.

Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors.

ABOUT IGM FINANCIAL INC.

IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $316 billion in total assets under management and advisement as of January 31, 2026. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit igmfinancial.com

SOURCE IGM Financial Inc.

For more information contact: Media Relations: Nini Krishnappa, 647-828-2553, [email protected]; Investor Relations: Kyle Martens, 204-777-4888, [email protected]