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IGM Financial Inc. (NYSE:IGM) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.
Equity Fund Improvements
Geoffrey Kwan – RBC Capital Markets: Just had a question; wanted to see if you can provide some color on what you’re seeing so far for RRSPs, and then also maybe not just the dollar flows, but on the mix, are you seeing any sort of improvements towards equity funds?
Murray J. Taylor – Co-President and CEO, IGM Financial Inc.; President and CEO, Investors Group Inc.: I’ll start. Certainly, in terms of absolute dollar flows, we’re seeing quite an improvement over last year, and again, I think it’s an extrapolating improvement from what we saw in the fourth quarter and well into the start of the New Year here. Certainly at Investors Group, we don’t get a lot of shift in terms of asset mix where it’s more a measure of overall volume, as we tend to have a fairly stable overall mix from time to time, but Charlie may want to add comment on that.
Charles R. Sims – Co-President and CEO, IGM Financial Inc.; President and CEO, Mackenzie Financial Corporation: Yeah, I mean I really guided to the slide that we talk about sales mix. What we are continuing to see is significant interest in Sentinel. Symmetry; our asset allocation strategy is picking up, read that as a balanced strategy with variable degrees of equity fixed income mix blend. But we are seeing – we’re just definitely seeing a lot more activity and a lot more interest in products that are outside of the traditional sales patterns we’ve seen in the last 12 months.
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