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



    TORONTO, March 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $62.5 billion for the month ended
February 28, 2007, up 20.7% from February last year. Mackenzie Investments
also reported that gross fund sales and net new money for February 2007 were
$951.8 million and $137.8 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management                2007       2006    % Change
    ($millions)                                February   February
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                    $45,178    $41,152     9.8%
    -------------------------------------------------------------------------
      Money market mutual funds                   1,738      1,394    24.7%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                       46,916     42,546    10.3%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other(*)      15,603      9,241    68.8%
    -------------------------------------------------------------------------
    Total Assets Under Management               $62,519    $51,787    20.7%
    -------------------------------------------------------------------------
    (*)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                                                2007
    ($millions)                                        February
    -------------------------------------------------------------------------
    Mutual Funds:                           Sales    Redemptions    Net New
                                                                    Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds               $776.8       $635.2       $141.6
    -------------------------------------------------------------------------
      Money market mutual funds             165.7        175.4         (9.7)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                 942.5        810.6        131.9
    -------------------------------------------------------------------------
    Other retail managed products(xx)         9.3          3.4          5.9
    -------------------------------------------------------------------------
    Total Fund Sales                       $951.8       $814.0       $137.8
    -------------------------------------------------------------------------
    (*)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.
    (xx) This amount includes gross sales for MSP 2007 Resource Limited
    Partnership.
    

    Additional information about Mackenzie Investments' mutual fund assets
and fund flows will be available on IFIC'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 $62.5 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 $121 billion in total assets under
management.





For further information:

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890