$IGM.TO

IGM Financial's May Assets Under Management And Advisement Jump 21.2% to Record High

IGM Financial (IGM.TO) overnight Wednesday reported total assets under management and advisement jumped 21.2% year over year to a record $337.9 billion at May 31.Total consolidated net inflows were $857 million during May 2026, up from net inflows of $190 million in May 2025. Investment fund net sales were $156 million compared to net sales of $356 million in May last year.IGM Financial shares closed down $1.21, to $78.96 on Wednesday on the Toronto Stock Exchange.

IGM Financial Total Consolidated Net Inflows were $857M During May 2026

IGM Financial Reported Record High Total AUM and Advisement of $337.9B at May 31, 2026, up 21.2% from $278.8B at May 31, 2025

IGM Financial Announced May 2026 AUM and Advisement and Net Flows

IGM Financial Says Completed $400M Debenture Offering and Issuing Notice to Redeem its 2027 Debentures

IGM Financial Announces $400 Million Debenture Offering

IGM Financial (IGM.TO) on Wednesday said it has priced a $400 million debenture offering.The debentures are being offered in two series: $200 million of the debentures will mature on June 2, 2036, with an interest rate of 4.407% per annum. The remaining $200 million of the debentures will mature on June 2, 2056 and bear interest at 5.002% per annum.The debenture offering is expected to close on June 2. Proceeds will be used to redeem IGM's outstanding $400 million of 3.44% debentures due January 26, 2027, a statement said.IGM Financial shares closed up $0.27, to $78.90 on Wednesday on the Toronto Stock Exchange.

CIBC on IGM Financial's Wealthsimple and IG Wealth Outlook

The 71% jump in Wealthsimple's assets under administration (AUA) to $125 billion in the fiscal first quarter has "clearly" been a factor in IGM Financial's (IGM.TO) share price performance over the last year, notes CIBC Capital Markets.Analyst Scott Fletcher, who accompanied IGM Financial management, including chief financial officer Keith Potter, for two days of West Coast marketing meetings last week, said the success of Wealthsimple's automated wealth management services "naturally" leads to questions about the future of advisor-led wealth management and how IG Wealth will compete going forward.However, the company sees more than enough room in the $8 trillion Canadian discretionary wealth management market for both models to succeed, and expects that, over the longer term, similarities in the business models will emerge, he notes."With Wealthsimple adding dedicated financial advisors and IG Wealth deepening its investments in technology, partnering with fintechs to broaden the product suite, and leveraging AI to improve advisor effectiveness, those similarities have already started to show up," Fletcher writes.IGM has a neutral rating and $79.00 price target at CIBC.Price: $78.56, Change: $+1.12, Percent Change: +1.45%

Power Corporation of Canada, Great-West Lifeco and IGM Financial Announce Joint Investment in Sagard AI Fund

Power Corporation of Canada (POW.TO), Great-West Lifeco Inc (GWO.TO) and IGM Financial Inc (IGM.TO) on Wednesday announced a combined US$150 million investment in the newly established Sagard AI Fund LP.The Fund is a closed-end investment vehicle focused on backing "leading" artificial intelligence companies that are accelerating the adoption of AI across financial services and other key sectors globally, stated the companies."This investment forms part of a broader approach across the Power group to engage early and meaningfully with AI as a foundational technology - supporting long term growth, productivity gains, talent development, and enhanced client and advisor experiences," the statement noted.Power Corporation of Canada's shares were last seen up C$0.75 at C$81.40, Great-West Lifeco's shares were last seen up C$0.51 at C$78.66 and IGM Financial's shares were last seen up C$0.76 at C$78.23, on the Toronto Stock Exchange.Price: $81.16, Change: $+0.51, Percent Change: +0.63%

Power Corporation, Great West and IGM Financial Announcing Joint Investment in Sagard AI Fund

Earnings Flash (IGM.TO) IGM Financial EPS of $1.20 increased by 22.4%

IGM Financial Added Total Consolidated Net Inflows Were $763M During April 2026

IGM Financial Says That Was Up 20.9% from $269.5B at April 30, 2025

IGM Financial Reported Overnight Record High Total Assets Under Management and Advisement of $325.8B at April 30, 2026

TSX Closer: Index Down In All But 1 of the Last 8 Sessions; Morningstar Cites 10 Top-Performing Dividend Stocks

The Toronto Stock Exchange has closed lower in all but one of the last eight sessions, with the latest losses on this Tuesday coming as U.S. Defense Secretary Pete Hegseth said the US-Iran ceasefire "is not over" despite attacks in the Strait of Hormuz yesterday.The S&P/TSX Composite Index closed down 71.96 points, or 0.2%, at 33.566.91, even as most sectors were higher, led by Health Care, up 2.5%, followed By Base Metals, up 2%, and Energy, up 1.4%. Information Technology was down near 4.2% and the Battery Metals Index was down 2.6%.Among individual stocks, BNN Bloomberg TV cited Ero Copper, up more than 5% today and up just short of 100% over one year. The company reported first-quarter results earlier Tuesday. BNN also cited Parex Resources (PXT.TO), up near 5% as Frontera (FEC.TO) obtained a final order approving their plan of arrangement.On the negative side, BNN cited Shopify (SHOP.TO), down more than 15% after its Q1 results, and Keyera (KEY.TO), which lost more than 7% as the Competition Bureau moved to block its $5.15-billion acquisition of Plains All American Pipelines Canadian natural-gas liquids business.Still on individual stocks, Morningstar Canada said the top performing dividend payers in April included engineering and construction company Aecon (ARE.TO), Canadian Imperial Bank of Commerce (CM.TO), and asset management firm IGM Financial (IGM.TO). Morningstar noted dividend-paying stocks that "combine healthy balance sheets with hefty yields" can provide investors with "steady incomes, cushion against market downturns, and grow investments at a healthy clip".A screening of the Morningstar Canada Index, which measures the performance of Canada's broad regional markets, targeting the top 97% of stocks by market capitalization, for companies with a forward dividend yield of at least 1.5%, excluding real estate investment trusts, showed the best performing Canadian dividend stocks last month. This included the aforementioned Aecon, CIBC and IGM. The list also included National Bank of Canada (NA.TO), TD Bank Group (TD.TO), Industrial Alliance Insurance and Financial Services (IAG.TO), Power Corporation of Canada (POW.TO), TMX Group (X.TO), Sun Life Financial (SLF.TO) and Superior Plus (SPB.TO).Of commodities, gold traded higher by midafternoon, rising off a five-week low as treasury yields weakened. Gold for June delivery was up US$35.60 to US$4,568.90 per ounce.But West Texas Intermediate crude oil fell 3.9% with the ceasefire between the United States and Iran seen holding, calming Monday's gains as violence in the Persian Gulf eased. WTI crude oil for June delivery closed down US$4.15 to settle at US$102.27 per barrel, after rising 4.4% on Monday, while July Brent oil was down US$4.24 to US$110.20.