October 4, 2011 / 8:59 PM / 6 years ago

UPDATE 1-IGM Financial's total AUM slips in Sept

Oct 4 (Reuters) - IGM Financial , one of Canada’s largest mutual fund companies, reported a 5 percent fall in assets under management for September, hit by a decline in mutual funds assets.

For September, total assets under management was $116.74 billion, down from the $122.67 billion it reported a year ago. Total AUM fell 5.5 percent compared to August.

Mutual fund assets under management fell 4.5 percent to $97.70 billion.

Shares of the Winnipeg, Manitoba-based company closed at C$43.16 on Tuesday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Sriraj Kalluvila)

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