Mackenzie Investments reports total assets under management and fund sales for April



    TORONTO, May 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $55.0 billion at April 30, 2009,
as compared to $62.8 billion at April 30, 2008 and $54.7 billion at December
31, 2008. Mackenzie Investments also reported preliminary gross mutual fund
sales and mutual fund net new money for April 2009 of $314.5 million and
$(155.8) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management             2009         2008
     (AUM) ($millions)                       April        April     % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds               $33,131      $43,473      (23.8)%
    -------------------------------------------------------------------------
      Money market mutual funds              1,994        2,047       (2.6)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                 $35,125       45,520      (22.8)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other    19,895       17,257        15.3%
    -------------------------------------------------------------------------
    Total Assets Under Management          $55,020      $62,777      (12.4)%
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
    Sales                                                 2009
    ($millions)                                          April
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                            Sales  Redemptions      Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds                $250.5       $345.3       $(94.8)
    -------------------------------------------------------------------------
      Money market mutual funds               64.0        125.0        (61.0)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  314.5        470.3       (155.8)
    -------------------------------------------------------------------------
    Other retail managed products              4.4          0.1          4.3
    -------------------------------------------------------------------------
    Total Fund Sales                        $318.9       $470.4      $(151.5)
    -------------------------------------------------------------------------
    (*) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    

    For additional information about Mackenzie Investments' average assets
under management, please see the IGM Financial press release which will be
available on May 1, 2009. Additional information about Mackenzie Investments'
assets and fund flows will be available on the Investment Funds Institute of
Canada's website (www.ific.ca) on approximately the 15th of each month as part
of a Canadian industry-wide release of monthly statistics.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $55.0 billion in assets under management, Mackenzie Investments
distributes its services through a diversified network of third-party
financial advisors. Mackenzie Investments is a member of the IGM Financial
Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier
financial services companies with over $103 billion in total assets under
management.





For further information:

For further information: Trish Tervit, Environics Communications Inc.,
(416) 969-2809, ttervit@environicspr.com


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