IGM Financial (TSE:IGM) has released an update.
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IGM Financial Inc. reported a mixed first quarter for 2024 with net earnings of $223.4 million, a decrease from the previous year, but recorded an 8.0% increase in adjusted net earnings to reach a new high of $224.5 million. Assets under management and advisement grew by 7.7% year-over-year to $252.2 billion, despite facing net outflows of $128 million. The growth was bolstered by significant gains in assets under advisement from strategic investments in China Asset Management Co., Ltd. and Wealthsimple.
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