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TSE:IGM

IGM Financial Inc. (IGM.TO)

80.53
-1.19 (1.46%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
95 watching
0
SELL

5.7%. Market is saying it is safe yield for now. Chart is ugly and it is not a great business.

PAST TOP PICK

(A Top Pick Aug 24/11. Down 9.03%.) This is under review by him as he is becoming increasingly convinced that the whole mutual fund industry is going through a sea change. People are getting clued into fees being charged and more aware of ETF's.

COMMENT
Asset management. Recently cut their fees as they are seeing a bit of pressure. Have been in net redemptions for a while. Doesn't expect a lot of growth until the markets turn around. Good dividend payer at about 5.5%.
COMMENT
Owns this one indirectly through Power Financial (PWF-T) and has always chosen to go that route. Has been very impressed with IGM over the years in the way they have established their training programs, etc. Have a consistent product. You could Buy this for the long term but in the short term it depends on markets. They have cut the fees on the number of their funds and will have to increase sales to make up for this shortfall.
BUY
(Market Call Minute.) Beaten up because market performance is tied to mutual funds but the dividend is rock solid and safe.
TOP PICK
Lost market share due to poor performance. Stock has taken it in the chin. As a result of dip, stock has a dividend of over 5%. If they get market share increase or markets go up you will see this rise to 10 or 15% of current price.
BUY
A fine institution. Plays it through Power Financial because of the dividend. Nothing wrong with playing it this way.
TOP PICK
Preferred B 5.9% Series B. Perpetual. Company has a great fee based system.
TOP PICK
Terrific dividend. One of highest of the big companies on the TSX. 15-20% discount to where it was a month ago. Strong ownership to the Power Group. Big worry is people moving out of stock market. He doesn’t believe it with current low interest rates.
COMMENT
Why is the stock going up when mutual fund assets would be shrinking with the recent market decline? This is because assets have been growing in the group. Whether the market is up or down in a short period of time, it's the assets that are affecting the stock.
PAST TOP PICK
(A Top Pick Sept 23/09. Down 2.65%.)
SELL
Very solid company with a solid dividend but there is not a lot of growth and doesn't get him excited. There's nothing in the asset management area that really excites him.
TOP PICK
A lot of money got moved into money market funds, where they don’t make any money for the company. That money is moving back into higher margin products. Likes it very much for its yield and history of raising dividend. This is a direct play on the growth of the mutual fund industry
TOP PICK
Fell out of favour when the market went down so much and people were concerned that money was fleeing mutual funds. Starting to come back big time. 5% yield.
TOP PICK
With the recession, everybody got gun shy about the market and a lot of money went out of equity and balanced mutual funds and into the money market. This company hasn't seen a lot of net sales until the last month. Thinks there will be terrific net sales in the2nd half and going into 2010. Control their costs very well. Terrific 4.6% dividend yield with room to grow.
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