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



    TORONTO, March 3 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $60.3 billion at February 29,
2008, as compared to $62.5 billion at February 28, 2007. Mackenzie Investments
also reported preliminary gross mutual fund sales and mutual fund net new
money for February 2008 of $695.5 million and $19.0 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management               2008        2007
    (AUM) ($millions)                       February    February    % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                 $42,093     $45,178      (6.8)%
    -------------------------------------------------------------------------
      Money market mutual funds                1,930       1,738       11.0%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                    44,023      46,916      (6.2)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other      16,279      15,603        4.3%
    -------------------------------------------------------------------------
    Total Assets Under Management            $60,302     $62,519      (3.5)%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                                   2008
    ($millions)                                         February
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                              Sales   Redemptions   Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds                  $550.1      $567.4      $(17.3)
    -------------------------------------------------------------------------
      Money market mutual funds                145.4       109.1        36.3
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                    695.5       676.5        19.0
    -------------------------------------------------------------------------
    Other retail managed products(xx)           22.4         1.5        20.9
    -------------------------------------------------------------------------
    Total Fund Sales                          $717.9      $678.0       $39.9
    -------------------------------------------------------------------------
    (*)  Net New Money is defined as Sales less Redemptions and is
         consistent with the terminology now used by IFIC.
    (xx) This amount includes sales for MSP 2008 Resource Limited
         Partnership
    

    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 $60.3 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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