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



    TORONTO, Sept. 4 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $63.7 billion at August 31, 2007,
up 19.0% from the prior year. Mackenzie Investments also reported preliminary
gross mutual fund sales and mutual fund net new money for August 2007 were
$566.3 million and $(269.8) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management        2007           2006
     (AUM) ($millions)                   August         August      % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds            $45,531        $41,870          8.7%
    -------------------------------------------------------------------------
      Money market mutual funds           1,836          1,492         23.1%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM               47,367         43,362          9.2%
    -------------------------------------------------------------------------
    Institutional, sub-advised and
     other(*)                            16,357         10,173         60.8%
    -------------------------------------------------------------------------
    Total Assets Under Management       $63,724        $53,535         19.0%
    -------------------------------------------------------------------------
    (*) The prior period figure does not include assets from Mackenzie's
        acquisition of Cundill Investment Research Ltd. and related entities.
        That transaction closed September 22, 2006 and the institutional
        assets were valued at $3.3 billion at that time.


    -------------------------------------------------------------------------
    Sales ($millions)                              2007 August
    -------------------------------------------------------------------------
                                                                    Net New
    Mutual Funds:                         Sales    Redemptions     Money(xx)
    -------------------------------------------------------------------------
      Long-term mutual funds             $441.3         $509.5       $(68.2)
    -------------------------------------------------------------------------
      Money market mutual funds           125.0          326.6       (201.6)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales               566.3          836.1       (269.8)
    -------------------------------------------------------------------------
    Other retail managed products           0.1            0.4         (0.3)
    -------------------------------------------------------------------------
    Total Fund Sales                     $566.4         $836.5      $(270.1)
    -------------------------------------------------------------------------
    (xx)   Net New Money (referred to as Net Sales in prior periods) is
           defined as Sales less Redemptions and is consistent with the
           terminology now used by IFIC.
    

    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 $63.7 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 $123 billion in total assets under
management.




For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, cmarion@environicspr.com


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