Winnipeg Free Press
Locally based financial services giant has stellar quarter, embraces 'continuing transformation'
The mutual fund industry is coming off its best quarter ever… ever.
As one of the largest players in the field, Winnipeg-based IGM Financial Inc. has taken full advantage of that industry trend, generating a record-high net inflow of investments of $2.2 billion, record-high assets under management and advisement of $248.5 billion and a 25 per cent increase in earnings per share in the first quarter compared to the year before, in results released Friday.
Considering that across the country many of the things people might normally spend money on have become inaccessible, it might make sense that more are choosing to beef up their retirement savings, and in fact household savings has been one element of the economic affairs of the country that has benefited from the pandemic.