WINNIPEG, MANITOBA -- (Marketwire) -- 06/04/12 -- IGM Financial Inc. (IGM) (TSX: IGM) today reported total assets under management of $117.0-billion at May 31, 2012, compared with $122.3-billion at April 30, 2012 and $133.5-billion at May 31, 2011. Mutual fund assets under management were $99.1-billion as at May 31, 2012, compared with $103.7-billion at April 30, 2012 and $111.3-billion at May 31, 2011. Assets under management are shown in Table 1.

Table 1 - Assets under                                   % Change
 Management                          May   April     May     Last  % Change
($ billions) (unaudited)            2012    2012    2011    Month       YOY
                                 -------------------------------------------
                                 -------------------------------------------

Total Assets under Management(1) $117.02 $122.27 $133.50     (4.3)    (12.3)
                                 -------------------------------------------
Mutual Fund Assets under
 Management                      $ 99.08 $103.65 $111.26     (4.4)    (10.9)
                                 -------------------------------------------
 Investors Group
  Mutual Funds                   $ 57.58 $ 60.11 $ 63.63     (4.2)     (9.5)
                                 -------------------------------------------
 Mackenzie
  Mutual Funds                   $ 38.67 $ 40.62 $ 44.75     (4.8)    (13.6)
  Sub-advisory, institutional
   and other                     $ 21.53 $ 22.37 $ 25.94     (3.8)    (17.0)
                                 -------------------------------------------
  Total                          $ 60.20 $ 62.99 $ 70.69     (4.4)    (14.8)
                                 -------------------------------------------
 Counsel
  Mutual Funds                   $  2.83 $  2.92 $  2.88     (3.1)     (1.7)
                                 -------------------------------------------

Preliminary average mutual fund assets under management and average total assets under management for the quarter to date are set out in Table 2.

Table 2 - Average Assets under Management
($ billions) (unaudited)                                     Quarter to Date
                                                           -----------------
                                                           -----------------
Total Average Assets under Management(2,3)                 $          120.28
                                                           -----------------
Mutual Fund Average Assets under Management                $          101.80
                                                           -----------------
  Investors Group
    Mutual Funds                                           $           59.00
                                                           -----------------
  Mackenzie
    Mutual Funds                                           $           39.92
    Sub-advisory, institutional and other                  $           22.24
                                                           -----------------
    Total                                                  $           62.16
                                                           -----------------
  Counsel
    Mutual Funds                                           $            2.88
                                                           -----------------

(1) Excludes assets managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel. These assets have a value of $3.6-billion at May 31, 2012 ($3.8-billion at April 30, 2012 and $3.7-billion at May 31, 2011).

(2) Excludes average assets of $3.8-billion managed by Mackenzie on behalf of Investors Group and Investment Planning Counsel.

(3) Based on daily average mutual fund assets and month-end average private, institutional, sub-advisory and other assets.

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 $117 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 4,500 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.