IGM Financial (IGM) 24th Annual CIBC Eastern Institutional Investor Conference summary

Progress on medium-term targets

• Earnings per share growth reached 11% in 2024 and 15% at the end of Q2, ahead of targets.

• Strategic investments and core businesses are both contributing strongly to growth.

• Optimism is driven by improved market conditions, investor confidence, and strong flows.

• Execution on priorities is emphasized as key to maintaining momentum.

Net flows and business momentum

• Net flows improved in Q2 after industry-wide outflows in 2022–2023.

• IG Wealth achieved a 12-month trailing net sales rate of 1.3%, with growth in high net worth and mass affluent segments.

• Mackenzie saw positive retail flows and nearly $200 million in investment fund net flows last quarter.

• Mackenzie secured $5 billion in institutional wins, driven by quantitative equity strategies.

ETF and product strategy

• Active ETFs are a focus, with recent net flows driven by quantitative equity products.

• ETFs and mutual funds are priced similarly, with success in retail brokerage channels.

• Mackenzie plans continued product launches in both ETF and mutual fund formats.