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



    TORONTO, Sept. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $60.2 billion at August 31, 2009,
as compared to $59.8 billion at August 31, 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 August 2009 of $289.6 million and
$(125.9) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management                2009       2008
    (AUM) ($millions)                          August     August    % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                  $36,978    $41,388     (10.7)%
    -------------------------------------------------------------------------
      Money market mutual funds                 1,733      2,189     (20.8)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                     38,711     43,577     (11.2)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other       21,490     16,262       32.1%
    -------------------------------------------------------------------------
    Total Assets Under Management(1)          $60,201    $59,839        0.6%
    -------------------------------------------------------------------------
    (1) Total assets under management include assets acquired from Saxon
        Funds Management Limited on September 25, 2008


    -------------------------------------------------------------------------
    Sales                                                   2009
    ($millions)                                            August
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                               Sales   Redemptions  Money(2)
    -------------------------------------------------------------------------
      Long-term mutual funds                   $245.8        $341.1   $(95.3)
    -------------------------------------------------------------------------
      Money market mutual funds                  43.8          74.4    (30.6)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                     289.6         415.5   (125.9)
    -------------------------------------------------------------------------
    Other retail managed products                 0.0           0.0      0.0
    -------------------------------------------------------------------------
    Total Fund Sales                           $289.6        $415.5  $(125.9)
    -------------------------------------------------------------------------
    (2) 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 September 2, 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 $60.2 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 $114 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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