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



    TORONTO, Feb. 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 January 31,
2008, down 3.7% from the prior year. Mackenzie Investments also reported
preliminary gross mutual fund sales and mutual fund net new money for
January 2008 were $560.2 million and $(387.3) million, respectively.

    
    Further information can be found below in the tables of unaudited
    month-end data:

    -------------------------------------------------------------------------
    Total Assets Under Management       2008            2007
    (AUM) ($millions)                January         January        % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds         $42,557         $45,209          (5.9)%
    -------------------------------------------------------------------------
      Money market mutual funds        1,870           1,765            5.9%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM            44,427          46,974          (5.4)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and
     other                            15,747          15,486          (1.7)%
    -------------------------------------------------------------------------
    Total Assets Under Management    $60,174         $62,460          (3.7)%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                            2008
    ($millions)                                    January
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                      Sales     Redemptions         Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds          $436.1          $752.3         $(316.2)
    -------------------------------------------------------------------------
      Money market mutual funds        124.1           195.2           (71.1)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales            560.2           947.5          (387.3)
    -------------------------------------------------------------------------
    Other retail managed products        0.0            16.8           (16.8)
    -------------------------------------------------------------------------
    Total Fund Sales                  $560.2          $964.3         $(404.1)
    -------------------------------------------------------------------------
    (*) Net New Money 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 $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 $117 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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