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



    TORONTO, Feb. 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $52.5 billion at January 31,
2009, as compared to $60.2 billion at January 31, 2008. Mackenzie Investments
also reported preliminary gross mutual fund sales and mutual fund net new
money for January 2009 of $382.3 million and $(103.8) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management        2009           2008
    (AUM) ($millions)                  January        January       % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds           $31,994        $42,557        (24.8)%
    -------------------------------------------------------------------------
      Money market mutual funds          2,094          1,870          12.0%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM              34,088         44,427        (23.3)%
    -------------------------------------------------------------------------
    Institutional,
     sub-advised and other              18,439         15,747          17.1%
    -------------------------------------------------------------------------
    Total Assets Under Management      $52,527        $60,174        (12.7)%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                               2009
    ($millions)                                       January
    -------------------------------------------------------------------------
    Mutual Funds:                                                    Net New
                                         Sales    Redemptions      Money (*)
    -------------------------------------------------------------------------
      Long-term mutual funds            $302.7         $353.7        $(51.0)
    -------------------------------------------------------------------------
      Money market mutual funds           79.6          132.4         (52.8)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales              382.3          486.1        (103.8)
    -------------------------------------------------------------------------
    Other retail managed products          0.0            0.1          (0.1)
    -------------------------------------------------------------------------
    Total Fund Sales                    $382.3         $486.2       $(103.9)
    -------------------------------------------------------------------------

    (*) 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 $52.5 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 $97 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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