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



    TORONTO, Sept. 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $59.8 billion at August 31, 2008,
as compared to $63.7 billion at August 31, 2007. Mackenzie Investments also
reported preliminary gross mutual fund sales and mutual fund net new money for
August 2008 of $407.4 million and $(74.2) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management          2008         2007
    (AUM) ($millions)                     August       August      % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds               $41,388      $45,531       (9.1)%
    -------------------------------------------------------------------------
      Money market mutual funds              2,189        1,836        19.2%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                  43,577       47,367       (8.0)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and
     other                                  16,262       16,357       (0.6)%
    -------------------------------------------------------------------------
    Total Assets Under Management          $59,839      $63,724       (6.1)%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                               2008
    ($millions)                                        August
    -------------------------------------------------------------------------
                                                                   Net New
    Mutual Funds:                         Sales     Redemptions    Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds                $283.3       $413.1      $(129.8)
    -------------------------------------------------------------------------
      Money market mutual funds              124.1         68.5         55.6
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  407.4        481.6        (74.2)
    -------------------------------------------------------------------------
    Other retail managed products              0.0          2.4         (2.4)
    -------------------------------------------------------------------------
    Total Fund Sales                        $407.4       $484.0       $(76.6)
    -------------------------------------------------------------------------
    (*) Net New Money is defined as Sales less Redemptions and is consistent
    with the terminology 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 $59.8 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 $118 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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