Latest news with #IGM
Time of India
2 days ago
- Politics
- Time of India
India and England to jointly celebrate Int'l Gita Jayanti this year: Haryana chief minister Nayab Singh Saini
Kurukshetra: Haryana chief minister Nayab Singh Saini announced on Sunday that this year's International Gita Mahotsav (IGM) will be celebrated in collaboration with England, marking a significant step towards taking the spiritual message of the Bhagavad Gita to a global audience. The announcement came during a media interaction after the state-level yoga marathon held at the sacred Brahma Sarovar in Kurukshetra. The CM said every year a different country is chosen to host or participate in the global celebrations of the Gita Jayanti. This year, Swami Gyananand, RSS ideologue and Bhagavad Gita scholar, is visiting England to discuss the arrangements and significance of the upcoming international event. "The efforts of Swami Gyananand to spread the message of the Gita across the world are invaluable," the CM added, emphasising the global resonance of the scripture and its moral teachings. He highlighted that millions of devotees gather annually at Brahma Sarovar for the Gita Jayanti celebrations, showcasing Kurukshetra's spiritual and cultural significance. The international expansion of this celebration, he noted, aligns with India's growing soft power and spiritual diplomacy. During his address, Saini also took a political swipe at the opposition, claiming that Punjab's public is now completely disillusioned. "Earlier they were fed up with the Congress, and now they are extremely fed up with the Aam Aadmi Party," he said. "Both parties misled the people with false promises and worked only for their personal gain. The public has now made up its mind to support the BJP and bring about real development. " Speaking on law and order, he stated that the people of Haryana are well aware of the deterioration during the Congress regime. "Now, law and order in the state has improved. Wherever violations occur, the police take strict and immediate action after investigation," he said, underlining his administration's commitment to safety and justice. CM Saini also expressed his condolences over the tragic plane crash in Ahmedabad, in which a daughter from the local district lost her life. "This is a heartbreaking incident. We pray for peace to the departed souls," he said, adding that the govt stands firmly with the bereaved families, ready to offer every possible assistance. The Yoga Marathon at Brahma Sarovar served as a reminder of Haryana's commitment to health, spirituality, and cultural unity, further strengthening its identity as a hub of ancient wisdom and modern governance. MSID:: 121861170 413 |
Time of India
2 days ago
- Politics
- Time of India
India and England to jointly celebrate international Gita Jayanti Festival: CM Nayab Singh Saini
KURUKSHETRA: Haryana chief minister (CM) Nayab Singh Saini announced on Sunday that this year's International Gita Mahotsav (IGM) will be celebrated in collaboration with England, marking a significant step in taking the spiritual message of the Bhagavad Gita to a global audience. The announcement came during a media interaction after the state-level Yoga Marathon held at the sacred Brahma Sarovar in Kurukshetra. CM Saini said that every year a different country is chosen to host or participate in the global celebrations of the Gita Jayanti. This year, Swami Gyananand, RSS ideologue, Bhagavad Gita scholar, is visiting England to discuss the arrangements and significance of the upcoming international event. 'The efforts of Swami Gyananand to spread the message of the Gita across the world are invaluable,' the Chief Minister added, emphasizing the global resonance of the scripture and its moral teachings. He highlighted that millions of devotees gather annually at Brahma Sarovar for the Gita Jayanti celebrations, showcasing Kurukshetra's spiritual and cultural significance. The international expansion of this celebration, he noted, aligns with India's growing soft power and spiritual diplomacy. During his address, CM Saini also took a political swipe at the opposition, claiming that Punjab's public is now completely disillusioned. 'Earlier they were fed up with the Congress, and now they are extremely fed up with the Aam Aadmi Party,' he said. 'Both parties have misled the people with false promises and worked only for their personal gain. The public has now made up its mind to support the BJP and bring about real development. ' Speaking on law and order, he stated that the people of Haryana are well aware of the deterioration during the Congress regime. 'Now, law and order in the state has improved. Wherever violations occur, the police take strict and immediate action after investigation,' he said, underlining his administration's commitment to safety and justice. CM Saini also expressed his condolences over the tragic plane crash in Ahmedabad, in which a daughter from the local district lost her life. 'This is a heartbreaking incident. We pray for peace to the departed souls,' he said, adding that the government stands firmly with the bereaved families, ready to offer every possible assistance. The event was attended by several prominent dignitaries including former minister Subhash Sudha, Haryana Sports Department Director and Ambala Division Commissioner Sanjeev Verma, Deputy Commissioner Neha Singh, SP Nitish Aggarwal, BJP District President Sardar Tejendra Singh Goldy, CM Office in-charge Kailash Saini, Chairman Dharmvir Mirzapur, Vice Chairman Dhuman Singh Kirmach, Haryana Yoga Commission Chairman Jaideep Arya, District Council Chairperson Kanwaljeet Kaur, and BJP leader Subhash Kalsana among others. The Yoga Marathon at Brahma Sarovar served as a reminder of Haryana's commitment to health, spirituality, and cultural unity, further strengthening its identity as a hub of ancient wisdom and modern governance.
Cision Canada
04-06-2025
- Business
- Cision Canada
IGM FINANCIAL INC. ANNOUNCES MAY 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS Français
WINNIPEG, MB, June 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $278.8 billion at May 31, 2025, up 11.0% from $251.1 billion at May 31, 2024. Total consolidated net inflows were $190 million during May 2025. MAY HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $278.8 billion up from $269.5 billion in the prior month. Investment fund net sales were $356 million up from net redemptions of $378 million in May 2024. Total net inflows were $190 million up from net outflows of $302 million in May 2024. IG Wealth Management (IGWM) – Assets under advisement were $143.7 billion up from $139.1 billion in the prior month. Record high Investment fund net sales were $250 million up from net redemptions of $127 million in May 2024. Total net inflows were $65 million up from net outflows of $2 million in May 2024. Mackenzie Investments – Record high assets under management were $221.0 billion up from $213.7 billion in the prior month. Investment fund net sales were $106 million up from net redemptions of $251 million in May 2024. Total net sales of $125 million up from net redemptions of $300 million in May 2024. Table 2 – Assets under Management and Advisement ($ millions) (unaudited) May 2025 April 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 126,845 122,505 3.5 % Other assets under advisement 16,834 16,546 1.7 % Assets under advisement 143,679 139,051 3.3 % Asset management Mackenzie Investments Mutual funds 61,459 59,351 3.6 % ETFs 8,305 7,896 5.2 % Investment funds 69,764 67,247 3.7 % Institutional SMA 11,630 11,155 4.3 % Sub-advisory to Canada Life 53,741 52,039 3.3 % Total Institutional SMA 65,371 63,194 3.4 % Total third party assets under management 135,135 130,441 3.6 % Sub-advisory and AUM to Wealth Management 85,820 83,305 3.0 % Total 220,955 213,746 3.4 % ETF's distributed to third parties 8,305 7,896 5.2 % ETF's held within IGM managed products 9,761 9,092 7.4 % Total ETFs 18,066 16,988 6.4 % Total Assets under management 261,980 252,946 3.6 % Other assets under advisement 16,834 16,546 1.7 % Assets under management and advisement 278,814 269,492 3.5 % Table 3 - Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 122,859 Other assets under advisement 16,551 Assets under advisement 139,410 Asset Management Mackenzie Investments Mutual funds 59,556 ETFs 7,914 Investment funds 67,470 Institutional SMA 11,524 Sub-advisory to Canada Life 52,068 Total Institutional SMA 63,592 Total third party assets under management 131,062 Sub-advisory and AUM to Wealth Management 84,543 Total 215,605 ETFs distributed to third parties 7,914 ETFs held within IGM managed products 9,221 Total ETFs 17,135 Total Assets under management 253,921 Other assets under advisement 16,551 Assets under management and advisement 270,472 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. Glossary of Terms Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses. AUM&A excludes Investment Planning Counsel's (IPC's) AUM, AUA, sales, redemptions and net flows which have been disclosed as Discontinued operations. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities. Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs. ETF's represent exchange traded funds managed by Mackenzie. Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts. Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products. Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment. Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors. Discontinued operations - Reflects the activities of Investment Planning Counsel. On April 3, 2023, IGM Financial announced the sale of 100% of the common shares of Investment Planning Counsel Inc. for cash consideration of $575 million. The transaction closed on November 30, 2023. ABOUT IGM FINANCIAL INC.
Yahoo
13-05-2025
- Business
- Yahoo
IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625
IGM Financial Inc. (TSE:IGM) has announced that it will pay a dividend of CA$0.5625 per share on the 31st of July. This makes the dividend yield 5.1%, which will augment investor returns quite nicely. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, IGM Financial's dividend was comfortably covered by both cash flow and earnings. This means that a large portion of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to fall by 1.9% over the next year. Assuming the dividend continues along recent trends, we believe the payout ratio could be 58%, which we are pretty comfortable with and we think is feasible on an earnings basis. View our latest analysis for IGM Financial The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The annual payment during the last 10 years was CA$2.15 in 2015, and the most recent fiscal year payment was CA$2.25. Its dividends have grown at less than 1% per annum over this time frame. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that IGM Financial has been growing its earnings per share at 5.2% a year over the past five years. Shareholders are getting plenty of the earnings returned to them, which combined with strong growth makes this quite appealing. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. The company is generating plenty of cash, and the earnings also quite easily cover the distributions. However, it is worth noting that the earnings are expected to fall over the next year, which may not change the long term outlook, but could affect the dividend payment in the next 12 months. Taking this all into consideration, this looks like it could be a good dividend opportunity. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 5 analysts we track are forecasting for IGM Financial for free with public analyst estimates for the company. Is IGM Financial not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Cision Canada
09-05-2025
- Business
- Cision Canada
IGM Financial Inc. Announces Election of Directors Français
TORONTO, May 9, 2025 /CNW/ - IGM Financial Inc. (TSX: IGM) held its Annual Meeting of Shareholders earlier today. All of the nominees for election as directors listed in its management proxy circular dated February 24, 2025 were elected by a majority of the votes cast by ballot or represented by proxy at the meeting. The results of the vote by ballot are set out below. About IGM Financial Inc. IGM Financial Inc. ("IGM", TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $269 billion in total assets under management and advisement as of April 30, 2025. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM's activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complimented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM's capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit
